Risk Topics

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Kaseya: a crisis communications case study
Kaseya has been in the headlines recently after a supply chain ransomware attack targeted the company and its customers. Kaseya responded quickly, issuing a situation report immediately, followed by frequent updates and a crisis communications press release. Continuity Central asked two leading crisis communications experts to examine Kaseya's initial communication response and to provide lessons that can be learned from it.
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• World

ACCA report says that accountants have an important role in enterprise risk management
ACCA (the Association of Chartered Certified Accountants) has published a new report, 'Rethinking Risk for the Future', which looks at ‘the unique role of the accounting profession in effective risk management'.
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• World

Emerging technologies: implications for the future of risk management
The digital technologies and systems created today are introducing both far-reaching opportunities and challenges alike for security professionals and business leaders. Stina Connor explores how approaches to risk management and organizational resilience will need to develop alongside.
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• World

Over half of UK businesses now have a policy on whether to pay out on ransomware attacks
New research by Databarracks has found that 54 percent of UK businesses now have a defined policy in place to deal with ransomware attacks – whether this means paying a ransom, relying on insurance policies, or refusing to pay at all.
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• UK

How are businesses' attitudes to risk and resilience changing?
Specialist insurer Beazley has launched the first in a series of reports that aim to provide a benchmark for business resilience to and appetite for risk post pandemic. The report also assesses the extent to which insurance is providing the safety net and support that organizations need.
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• US / UK

Risk management survey shows that climate change is now a top concern for banks
For the first time since the survey’s inception over a decade ago, climate change tops the list of long-term risks for banks, according to the 11th EY and Institute of International Finance (IIF) bank risk management survey.
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• World

The security risk of fragmented identities: dealing with the dangers of identity sprawl
Kamel Heus explores the concept of identity sprawl, the risks associated with it, and suggests five best practices which organizations can implement to help ensure a robust identity consolidation strategy.
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• World

What happened to UK data privacy compliance?
It might be Brexit ‘no more European rules’ complacency or the all-consuming COVID-19 survival strategies – even a mixture of both – but too many UK companies seem to have forgotten their carefully crafted data privacy strategies says Peter Newton. The risks have not gone away and an urgent reassessment is required…
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• UK

Still trying to manage business continuity or risk using spreadsheets? It’s time to move on…
Spreadsheets are a ubiquitous tool in the business world but they have limitations and if you are trying to manage critical business processes, including business continuity or risk programs, using them you are making life difficult for yourself. Andrew Dinning explains why…
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• World

Survey report provides a snapshot of the State of Risk Management
MetricStream has released the results of a new survey on the State of Risk Management. The survey found that while cyber security emerged as an even greater risk concern during the pandemic, organizations with agile integrated risk management solutions responded better to pandemic-driven challenges.
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• World

CPNI issues guidance on protecting against Fire as a Weapon attacks
The UK Centre for the Protection of National Infrastructure has developed new guidance to assist organizations in planning for and protecting against terrorist attacks using Fire as a Weapon (FAW).
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• UK / World

Three best practices for mitigating digital third-party risks
As businesses continue to evolve in response to COVID-19, rapidly moving towards digital transformation, there’s a risk they’re exposing themselves to more third-party risk than is necessary. Aaron Dobie suggests three steps that can help mitigate some of these risks.
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• World

SONAR 2021 identifies restarting of mothballed facilities as the largest short term emerging risk
The Swiss Re Institute has published its SONAR 2021 which provides a wide-ranging analysis of emerging risks. The report finds that COVID-19 shaped the top two emerging risks this year.
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• World

New ISO standard on managing psychosocial risks in a work environment published
A new standard, ISO 45003:2021 ‘Occupational health and safety management - Psychological health and safety at work - Guidelines for managing psychosocial risks’ is now available. ISO 45003 provides guidelines for managing psychosocial risk within an occupational health and safety management system based on ISO 45001.
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• World

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