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Exploring the business risks associated with transitioning to a low-carbon economy
Antea Group looks at the risks that risk managers will need to consider during the coming transition to a low carbon economy and provides some advice to help organizations move forward in this area.
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• World

New OnSolve threat report highlights the growing risk to businesses from increasing social unrest
OnSolve has published a new report, ‘CEO Brief: Global Risk Impact Report’. The report identifies trending physical threats worldwide which can halt the global economy and impact businesses directly.
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• World

CISA issues advice for preparing critical infrastructure for post-quantum cryptography
The US Cybersecurity & Infrastructure Security Agency (CISA) has released a new guidance document ‘CISA Insights: Preparing Critical Infrastructure for Post-Quantum Cryptography’.
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• US / World

New study looks at the risks associated with ‘identity sprawl’
Radiant Logic has published a new study, the ‘Identity Data Management: Roadblock or Business Enabler’ report, providing insights into today’s identity management challenges.
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• World

What are digital twins and how can they be used in risk and resilience?
Digital twins are increasingly being used to model systems of interconnected things. Here Matthew Margetts defines what a digital twin is, and suggests where the technology is headed.
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• World

The effectiveness of risk assessments in risk workshops: the role of calculative cultures
A new open access paper by authors from the University of Groningen and the Hamburg University of Technology looks at how pre-existing attitudes of participants in risk workshops affects the outcomes of risk assessments.
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• Europe / World

World’s preparedness for volcanic risks strongly criticised by researchers: supply chain, climate, and food security risks are being ignored
The world is ‘woefully underprepared’ for a massive volcanic eruption and the likely repercussions on global supply chains, climate, and food security, according to experts from the University of Cambridge’s Centre for the Study of Existential Risk (CSER), and the University of Birmingham.
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• World

Applying the Swiss cheese model to cyber resilience
The Swiss cheese model is a risk management technique that is transferrable to cyber resilience management. Thomas Muller-Martin explains what it is and describes the benefits of such an approach.
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• World

Now is the time to plan for the next pandemic
Given our recent experience and learnings from COVID-19, there are no excuses for business leaders not to be prepared for the next pandemic event. Mike Steere says that although COVID-19 impacts are reducing, businesses must accelerate planning to strengthen resilience for the next pandemic.
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• World

The importance of developing defensible deletion practices
Ever-increasing data volumes can hamper organizations, creating enterprise risks. So how do you create defensible deletion practices to improve data risk management? Ray Pathak explains…
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• UK / World

The number of organizations unable to afford adequate cyber insurance cover is set to double in 2023
The number of organizations that will be either unable to afford cyber insurance, be declined cover, or experience significant coverage limitations is set to double in 2023, warns Huntsman Security.
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• World

Researchers highlight how cascading extreme weather events risk damaging entire socioeconomic systems
HP Inc. has released its quarterly Threat Insights Report revealing that cybercriminals are shifting to shortcut (LNK) files to deliver malware. Shortcuts are replacing Office macros – which are starting to be blocked by default in Office – as a way for attackers to get a foothold within networks by tricking users into infecting their PCs with malware.
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• World

Global commercial insurance trends: continued high growth in the cost of cyber insurance
Global commercial insurance prices increased 9 percent in the second quarter of 2022 (down from an 11 percent increase in Q1), according to the Global Insurance Market Index released today by Marsh, however strong growth was seen in the cost of cyber insurance.
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• World

How are Australian financial sector organizations carrying out climate risk management?
The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance and superannuation industries.
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• Australia

Despite quiet start to the Atlantic hurricane season NOAA still forecasting above-normal activity
Atmospheric and oceanic conditions still support an above-normal 2022 Atlantic hurricane season, according to NOAA’s mid-season update issued by the Climate Prediction Center, a division of the US National Weather Service..
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• Various

Cyber risk management: an overview
This article by Alberto G. Alexander, Ph.D, focuses on the major components of an effective cyber risk management process. Different options for establishing a cyber risk framework are presented and best practices for cyber risk management are suggested.
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• World

Risk managers increasingly involved in corporate strategy
The Federation of European Risk Management Associations (FERMA) has now published the results of its 2022 European Risk Manager Survey, in cooperation with PwC France. The results confirm that we are in a period of transition in which risk managers are increasingly involved in corporate strategy.
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• Europe / UK

APRA consults on new operational risk standard: includes updated requirements for business continuity
The Australian Prudential Regulation Authority (APRA) is consulting on a new Prudential Standard designed to strengthen the management of operational risk in Australia’s banking, insurance, and superannuation industries.
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• Australia

Research confirms origins of COVID-19: has important implications for preventing future similar pandemics
An international team of researchers has confirmed that live animals sold at the Huanan Seafood Wholesale Market were the source of the COVID-19 pandemic. Confirming that the source was an animal-human interface shows policy makers where to focus to help reduce the risk of future pandemics resulting from similar source conditions.
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• World

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