Your monthly update of enterprise risk management news and information

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ClearView

Cloud Security Alliance releases new model to assist cloud computing risk assessment
The Cloud Security Alliance (CSA) has developed the Cloud Octagon Model, a new approach to overcoming the challenges involved in cloud computing environments.
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• World

Brexit more disruptive to supply chains than natural disasters and cyber attacks combined for UK businesses
Uncertainty over Brexit has caused more disruption to the supply chains of UK companies than natural disasters and cyber attacks combined, finds a report by connected planning specialist Vuealta.
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• UK

Adaptive, antifragile, resilient, or just trying to be compliant?
In a wide-ranging article, Geary W. Sikich enters the debate about the future of the risk assessment and the business impact analysis and pulls various threads together to conclude that targeted flexibility is the basis of the art of being prepared.
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• World

Assurance Software

Changing approach to technology provision creates risks as well as opportunities
Almost two-thirds (63 percent) of organizations now allow technology to be managed outside the IT department, a shift that brings with it both significant business advantages and increased privacy and security risks, according to the 2019 Harvey Nash/KPMG CIO Survey.
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• World

Businesses must seek a new approach to managing emerging risks, new report warns
Organizations are not paying enough attention to emerging risks, preferring to focus on easier-to-manage visible risks, according to a report published by Airmic in association with Marsh. It argues that the challenges associated with emerging risks necessitate a new approach to how they are managed.
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• UK / World

Airmic provides advice for boards on managing resilience in the digital era
Airmic has publishes a boardroom edition of its research report, Roads to Revolution. The report provides advice for boards and senior executives who are seeking to manage risk and resilience in the context of the digital age.
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• UK / World

Daisy

Lack of skills and visibility seen as biggest challenges to managing operational technology security risks
A lack of skills is considered to be one of the biggest challenges facing organizations managing operational technology (OT) risks today, according to a new online poll conducted by NTT Security.
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• World

How to use stress testing to increase resilience in a complex and uncertain world
Conventional risk management tools are appropriate for managing known or anticipated risks; but threats outside these areas need a different approach. Dr Sandra Bell says that stress testing is one tool that provides the answer, helping identify and correct organizational vulnerabilities in a safe environment.
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• UK / World

ICS professionals say that human factors are by far the biggest source of cyber risk
People remain the greatest threat to industrial control systems (ICS) and associated networks, as found by a new SANS survey focused on better understanding cyber security risks to operational technology (OT) systems.
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• US / World

Risk Logic

The business of weather: and managing the risks to your organization
Weather risks are some of the most common cause of disruption to businesses in all regions of the world; and like all risks, the actual impact is related to how well the risk is managed. Ann Pickren provides some useful advice…
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• US / World

Researchers suggest a new supply chain risk propagation model
Researchers from the University of Shanghai for Science and Technology have written a paper which presents a new way to model the risk propagation mechanism of supply chain risk.
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• World

2019 FM Global Resilience Index ranks the resilience of nations’ business environments
FM Global has published the 2019 edition of the FM Global Resilience Index, adding a new driver, corporate governance, to its ranking of 130 countries and territories by the resilience of their business environments.
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• World

eBRP

Few organizations are using advanced technologies to manage operational risk
The majority (79.2 percent) of C-suite and other executives recently polled by Deloitte say that significant operational risk events impact shareholder value over the long term; yet, just 39.5 percent leverage advanced analytics to manage operational risk and only 6 percent use emerging technologies like cognitive computing and machine learning to do so.
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• World

Top risks: many organizations report that they may be less prepared than they have ever been
Aon has published its Global Risk Management Survey 2019, a web-based biennial research report which this year features responses from 2,672 risk decision makers from 33 industry sectors.
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• World

Changing the game: reputation risk in the cyber era
With the explosion of social media today, can you actually get a rendering of what is being said about you, your organization, etc. so as to enable you to protect your reputation? Or, is it just too much and too overwhelming due to the velocity of information that exists today? Geary Sikich explores…
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• World

Fortress

Report highlights common challenges and good practices to overcome risk management difficulties
A new report by Cass Business School for the ACCA (the Association of Chartered Certified Accountants) uncovers how board-level risk management activities vary in organisations as a result of internal and external factors.
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• UK / World

Many organizations still taking risks by not effectively managing open source use
A new report highlights trends and patterns in open source use. It finds that many organizations are not effectively managing open source applications and components, resulting in significant vulnerabilities.
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• World

Study on third party IoT risk: companies don’t know what they don’t know
The Santa Fe Group has published the results of the Third Annual Ponemon Institute’s study on Third Party Risk for the Internet of Things (IoT). Ponemon reports an increase in IoT-related data breaches specifically due to an unsecured IoT device or application.
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• World

Improving the use of data and analytics is the top priority for risk managers
Risk managers are operating in an environment rich in data that when combined with growing alternative risk solutions can result in more robust risk finance strategies and more resilient organizations, according to a new survey report published by Marsh and RIMS.
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• US / World

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