The latest enterprise risk management news from around the world
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Sword Active Risk has released the latest findings from its annual Active Risk Manager (ARM) Global Customer Survey. Responses came from over 100 Risk Managers in companies worldwide across highly risk-aware industry sectors.
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NAVEX Global has published the release of its 2017 Ethics & Compliance Third-Party Risk Management Benchmark Report. While concerns about third-party risk remain high – particularly regarding cyber security – more than half of organizations (58 percent) ranked their programs as maturing or advanced.
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A survey of business leaders has revealed that there are still a worrying number of companies across the UK that are not aware of the costs, complexities and responsibilities associated with the new GDPR rules.
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The 2017 EMEA Cyber Risk Transfer Comparison Report, released by Aon in collaboration with the Ponemon Institute, found that organizations recognize the growing value of technology and data assets relative to historical tangible assets, though they are spending four times more budget on insurance for property, plant and equipment (PP&E) risks.
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Robots make warehouses more efficient but also may introduce new fire risks. It’s a threat that has prompted FM Global to produce new advice on using automatic storage and retrieval systems (ASRS).
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Risk management is at a crossroads as they face a changing European environment and the Fourth Industrial Revolution, the President of FERMA Jo Willaert stated as he opened the 2017 FERMA Forum in Monaco.
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As businesses transform due to the digital revolution, approaches to security risk management will also need to change and, according to Gartner, continuous adaptive risk and trust assessment (CARTA) will be an important new development in this area.
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The Information Security Forum (ISF) has announced the launch of the ISF GDPR Implementation Guide, which presents best practices for guiding a compliance program ahead of the European Union’s General Data Protection Regulation (GDPR).
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Respondents to Sword Active Risk’s annual ARM Global Customer Survey have confirmed that risk management is increasingly important in their organizations.
- Emerging risks: slow progress on key NAFTA issues means companies need to prepare contingency plans
- Survey finds that GDPR is still confusing global organizations; and preparations are lacking
- Many UK risk managers are not properly prepared for a major incident insurance claim
- COSO launches enterprise risk management framework revision
