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

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LogicNow

Post truth, alternative facts, fake news: implications for businesses
Geary Sikich looks at the rise of post truth, alternative facts and fake news; considers the impact on organizations; and looks at how business continuity planners can rise to meet the challenge.
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• US / World

New guidance: A Risk Management Guide to Reservation of Rights
Understanding, anticipating and properly responding to reservation of rights letters is integral to risk professionals’ ability to protect their organizations and realize the full value of insurance policies, according to a new RIMS Professional Report, ‘A Risk Management Guide to Reservation of Rights’.
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• US / World

ClearView

Study quantifies the impact of effective identity and access management on cyber risk
A new Forrester study, commissioned by Centrify, has looked at the state of enterprise security and the impact of identity and access management maturity on breach levels.
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• US / World

Supply chain risk reached record high in 2016: CIPS Risk Index
Global supply chain risk grew to a record high at the end of 2016 as the CIPS Risk Index, powered by Dun & Bradstreet, rose to 82.64, from 79.14 at the end of 2015.
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• World

Daisy

Impact of negative media reports mapped in new study
A study by the University of Plymouth Business School and Nottingham University Business School has looked at the financial impact of negative media reporting of operational losses suffered by banks and insurers.
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• UK / World

CEO perspectives on crisis management experiences and expectations
For its latest CEO Pulse, pwc spoke to 164 global CEOs about their views, struggles and approaches to crises. 65 percent of the CEOs interviewed said that they had experienced at least one crisis in the past three years.
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• World

Crisis Solutions

Risk management a top priority for chief procurement officers
Cost reduction and managing risk top the list of procurement leaders’ business priorities in 2017, according to Deloitte’s annual global Chief Procurement Officer (CPO) survey.
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• UK / World

UK organizations over-confident about fraud risk: survey
Despite over half (56 percent) of UK organizations being affected by fraud, confidence levels in fraud prevention techniques are remarkably high, reveals research.
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• UK

Continuity2

The 2017 Political Risk Map
Marsh has published its 2017 Political Risk Map, which highlights the top geopolitical threats facing today’s multinational companies.
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• World

Preparedness for data protection risks is inadequate in many organizations: survey
A new survey report by DLA Piper has found that many organizational privacy programs have gaps in meeting increasingly demanding global privacy principles.
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• UK / World

eBRP

The top operational risks that have harmed companies in the past five years
Equipment failure, cyber attacks and natural disasters are the top three operational risks to have negatively affected business operations, according to a FM Global-commissioned study.
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• US

New assessment of UK climate change risks published
The Department for Environment, Food & Rural Affairs has published ‘The UK Climate Change Risk Assessment,’ a new report into the future threats that climate change could engender.
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• UK

inoni

Aon announces an alternative cyber risk transfer approach
As cyber risk continues to evolve, Aon Global Risk Consulting, has introduced its Cyber Captive Program, which guides companies through a series of steps to help identify, assess and quantify their cyber exposures.
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• World

Planning for social media crises
Social media crises can occur for many reasons due to postings about organizations amplifying out of control and threatening reputation damage and loss of customers. Garry Poole, FBCI, provides some advice on how to prepare for such incidents.
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• UK / World

Report reviews risk incident trends
Fraud, cyber, and security incidents are now the ‘new normal’ for companies across the world, according to the executives surveyed for the 2016/17 Kroll Annual Global Fraud and Risk Report.
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• World

Business interruption tops the list of top ten global business risks
Allianz Global Corporate & Specialty SE (AGCS) has published its 6th annual Allianz Risk Barometer, which provides a list of the current top ten global business risks.
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• World

The Global Risks Report 2017
Marsh has published its annual Global Risks Report. In this year’s edition, 750 experts assessed 30 global risks, as well as 13 underlying trends that could amplify them or alter the interconnections between them.
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• World

How to communicate the value of enterprise risk management
The complexity and speed of change of emerging risk exposures are placing greater attention on the effectiveness of enterprise risk management strategies across all industry sectors, according to a newly released report entitled ‘Communicating the Value of Enterprise Risk Management - The Benefits of Developing an Own Risk and Solvency Assessment Report'.
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• US / World

Cyber risks to intensify in 2017: and cyber risk management to change
In a new cyber predictions report, Stroz Friedberg, an Aon company, predicts that 2017 will usher in intensified cyber attacks, new regulations and a shift in how businesses approach cyber risk management.
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• US / World

Act now to prepare for EU General Data Protection Regulations
Risk managers should prepare now for new EU data protection legislation that will come into force next year, Airmic and law firm BLM have urged. The new regulations are more demanding than current rules and can result in much larger fines. Risk managers are being warned that the changes could take time to implement.
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• UK / Europe

Aon launches 'Brexit Navigator' to help firms manage Brexit risks
Aon plc has launched Brexit Navigator, a three-step solution designed to help organizations quantify the impact of Brexit risk exposures, and redesign risk management and risk financing structures.
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• UK / World

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