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

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Fusion RM

Tips for successfully building a risk culture
Contrary to popular belief, building a risk culture is not a difficult thing to work at: but there are some misconceptions which, if understood, make it an easier task. In this article Alexei Sidorenko, CRMP, explains what these misconceptions are and provides some ideas which will help.
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• Europe / World

Global ransomware outbreak: live update page
Europol has stated that more than 200,000 computers in 150 countries have been affected by the WannaCrypt ransomware outbreak, which was first reported on Friday 12th May. This page will be updated with information about the attacks and advice for organizations.
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• World

ClearView

2017 FM Global Resilience Index ranks countries and territories according to enterprise resilience to disruptive events
The 2017 FM Global Resilience Index has been published. The annual index, which is online and interactive, ranks 130 countries and territories by their enterprise resilience to disruptive events.
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• World

Financial services firms starting to enact Brexit contingency plans
To date, more than a quarter of the 222 UK financial services firms monitored by the EY Brexit Tracker have announced that they are moving some staff or part of their operations out of the UK, or that they are reviewing their domicile as a result of Brexit.
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• UK

Daisy

Many organizations are unprepared for GDPR: Gartner
The European General Data Protection Regulation (GDPR) will have a global impact when it goes into effect on May 25th, 2018, according to Gartner. Gartner predicts that by the end of 2018, more than 50 percent of companies affected by the GDPR will not be in full compliance with its requirements.
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• Europe / UK / World

The Risk Agenda 2025: Institute of Risk Management looks to the future
The Institute of Risk Management (IRM) is celebrating the 30th anniversary of its founding by exploring the future direction that the profession of risk management is likely to take.
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• UK / World

Crisis Solutions

Almost four times more budget is being spent on property related risks compared to cyber risks
The 2017 Cyber Risk Transfer Comparison Global Report, released by the Ponemon Institute and sponsored by Aon plc, found that organizations now believe that their cyber assets are more valuable than plant, property and equipment assets even though they are spending four times more budget on insurance protecting the latter risks.
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• US / World

The results from the RIMS business interruption survey 2017
The RIMS Business Interruption Survey 2017 was developed by members of the RIMS Business Interruption Working Group and provides insights into business interruption insurance trends around the world.
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• US / World

Continuity2

Unprecedented volatility is adding complexity to old risks
Trends in economics, demographics and geopolitics along with rapid technology advancements are transforming traditional risks for global businesses, adding new urgency and complexity to old challenges, according to Aon's 2017 Global Risk Management Survey.
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• World

New report maps the recent evolution of risk management
Risk management is evolving, shifting away from a purely protective mindset, according to ‘Risk in review: Managing risk from the front line’, a new report by PwC.
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• World

inoni

Brexit could create supply chain continuity issues
Ryanair chief financial officer, Neil Sorahan, has warned that airlines may have to suspend flights between the UK and the EU for ‘weeks or months’ if Brexit negotiations on international aviation result in no agreement.
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• UK / Europe

Populism and terrorism converge to compound global business risks
A 14 percent worldwide increase in terrorist attacks in 2016 and populist nationalism are creating an increasingly volatile operating environment for international business, according to Aon's 2017 Risk Maps.
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• Various

eBRP

Four GDPR compliance myths to be aware of
Businesses preparing for the upcoming General Data Protection Regulation (GDPR) need to be aware of four myths, says NTT Security.
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• UK / Europe

COSO and WBCSD to work together to align sustainability and enterprise risk management
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the World Business Council for Sustainable Development (WBCSD) are to jointly develop interpretive guidance on how to embed sustainable development issues into COSO’s Enterprise Risk Management Framework.
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• US / World

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