Your monthly round up of enterprise risk management news and information.

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Fusion RM

Including resiliency and incident response in the risk equation
Most risk equations include the standard approach of probability and impact. Nowadays, with the changing threat landscape, a new approach to the risk equation should be looked at. In this article Adesh Rampat explains why adding resilience and incident response to the risk equation provides a more useful and measurable metric.
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• World

The majority of UK businesses are exposed to third party failure risks
Over the last three years, one in three UK companies have experienced major disruption or complete failure due to the actions of outsourced providers, according to a survey on third party management from Deloitte.
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• UK

ClearView

Reputation risks: trust trumps price in business decision making
Trust is more important than price in the corporate world and avoiding reputation damage is key to maintaining it. This is one of the findings of a recent study from Iron Mountain.
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• Various

New Global Flood Map offers one-stop consistent global view of flood exposure to aid businesses
With flooding on the rise around the world, FM Global has introduced a way for companies to help manage this increasing and potentially costly risk to their businesses.
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• World

Daisy

Majority of UK businesses are already planning for Brexit: KPMG
According to Karen Briggs, KPMG’s Head of Brexit, most UK businesses are already well prepared for Brexit risks and are starting to act on their Brexit plans.
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• UK

Cyber insurance: tips for risk professionals
Organizations considering stand-alone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage according to some of the tips offered in a newly released RIMS report, 'Cyber Insurance: Considerations for Businesses’.
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• US / World

Crisis Solutions

Many organizations are struggling to manage mobile working risks
A new survey has identified mobile working as a major area of risk, with many companies uncertain about how to enforce adequate security policies and having no viable strategies in place. Jon Fielding presents the results of the survey and draws out some lessons.
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• UK

Study finds that UK financial institutions are unprepared for MiFID II
A study of IT managers & decision makers and risk & compliance managers within UK financial services businesses has found a lack of preparation and understanding of the requirements of MiFID II legislation, which is due to come into force in January 2018.
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• UK

Continuity2

Many northern European coastal regions face considerable increase in flooding risk
Massive coastal flooding in northern Europe that now occurs once every century could happen every year if greenhouse gas emissions continue to rise, according to a new American Geophysical Union study.
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• UK / Europe

Taking a federated approach to GRC and risk management
Managing risk and compliance in silos means that many organizations struggle to get a clear view of their overall risk posture. Richard Hibbert discusses how organizations can manage risk and maintain compliance across different departments with different needs.
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• UK / World

eBRP

Banks planning risk management framework changes, as non-financial risks increase
60 percent of European banks expect capital requirements against non-financial risks, such as IT failures, cybercrime or compliance issues, to increase in the near future; with just under ten percent predicting requirements to increase by more than 50 percent, according to new research from KPMG.
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• UK / Europe

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