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

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FEATURE ARTICLES

Enterprise risk management and business continuity
Alberto G. Alexander, Ph.D, MBCI, looks at enterprise risk management, its relationship to business continuity management, and how organizations can integrate the two disciplines.
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• World

Helping employees after an incident: traumatic stress reactions – looking under the surface
Business as usual does not commence once an incident is over and business processes are running normally: the impacts on employees may just be starting. Dr Liz Royle provides some guidance on this difficult area…
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• UK / World

Daisy

NEWS ARTICLES

GDPR compliance: survey shows nearly a quarter of companies haven’t hired a data protection officer
Imperva, Inc., has published the results of a survey of 310 IT security professionals taken at the Infosecurity Europe 2017 trade show. The results suggest that while the industry is preparing for the General Data Protection Regulation (GDPR), 22 percent haven’t yet hired a data protection officer (DPO).
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• UK/World

Terrorist attacks on the supply chain have increased 16 percent year on year
Attacks on global supply chains by terrorist groups have hit the highest rate ever as have associated costs, according to a report released by BSI. The type of attack can vary from targeting the oil infrastructure, hijacking and cargo theft through to contraband smuggling, extortion and kidnapping schemes.
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• World

Many British boards uninformed and unprepared for cyber incidents
Britain’s top firms urgently need to do more to protect themselves from online threats, according to new Government research and a ‘cyber health check’ published recently.
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• UK

Continuity2

Study identifies room for improvement in natural disaster risk reduction activities
A new International Institute for Applied Systems Analysis (IIASA) study across Austria, England, and Romania finds room for improvement in both public and private schemes that could help encourage risk reduction behaviours and reduce losses in future disasters.
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• UK / Europe

GDPR related updates to UK data protection law published
The UK Department for Digital, Culture, Media & Sport has published details of how Britain’s data protection laws will be updated in response to the EU General Data Protection Regulation (GDPR).
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• UK

Only 36 percent of global financial organizations feel well prepared for IT risks
Netwrix Corporation has published the results of its 2017 IT Risks in Finance survey. This aims to provide insight into the IT challenges and security practices of financial organizations today.
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• US / World

eBRP

Q2 2017 global supply chain risk assessment
Western and Central Europe's contribution to global supply chain risk fell in Q2 2017 to 29.94 percent, compared with 30.14 percent in Q1, according to the CIPS Risk Index, powered by Dun & Bradstreet.
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• World

UK boards neglecting GDPR compliance
Board-level executives are neglecting to ensure the UK businesses they run will comply with the General Data Protection Regulation (GDPR), according to new research from Calligo.
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• UK

Smaller UK businesses lack digital risk awareness
Leaders of UK business small and medium-sized enterprises identify far fewer risks affecting their businesses, when compared to Germany and France, according to research for the Gowling WLG Digital Risk Calculator. This new free tool allows small and medium size businesses to better understand their digital risks and compare these to other businesses and industries.
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• UK

More than half of UK companies are making Brexit contingency plans
A poll of Institute of Director’s members shows that while 57 percent of UK companies are making Brexit contingency plans, only 11 percent have begun implementing them.
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• UK

New risk assessment identifies global hotspots for future water conflict
A new analysis commissioned by the United Nations uses a comprehensive combination of social, economic, political and environmental factors to identify areas around the world most at-risk for ‘hydro-political’ threats.
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• Various

New report sets out the potential losses that could occur in an extreme cyber attack scenario
Lloyds has published its latest Emerging Risks Report 2017, which looks at the growing threat of cyber attacks. The report says that while digitization is ‘revolutionising business models and transforming daily lives, it is also making the global economy more vulnerable to cyber attacks’.
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• UK / World

Business leaders report an improvement in the risk landscape
72 percent of global business leaders say they’re operating in a riskier world, spurred by increasingly regulated industries, advanced technology and rapid digitalization. That represents a drop of 15 percentage points from 2016, when 87 percent of global business leaders felt the world was a riskier place...
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• World

RIMS issues cyber incident risk management report
A strong partnership between IT, legal, risk management and public relations is critical for an effective cybersecurity program, according to the new RIMS Professional Report,'Cyber Protection: What to Do Before and After a Cyber Incident.'
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• US / World

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