Risk Topics

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ClearView

Survey shows significant business impacts for organizations caught with poor data security practices
A survey for PCI Pal shows that a significant proportion of consumers will act with their feet and take their custom elsewhere, should their personal data be compromised by a business due to poor security practices amid the current pandemic.
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• UK / World

COVID-19 pandemic updates
This Continuity Central resource section is being regularly updated with situational updates, news, resources, and business continuity information related to the COVID-19 pandemic.
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• World

Exploring digital twin technology as a way of managing supply chain risks and resilience
A new paper in the Production Planning & Control journal explores how a digital supply chain twin could be utilized to improve the management of supply chain risks and resilience.
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• World

Assurance Software

Swiss Re’s SONAR report highlights emerging risks and trends
Swiss Re has published its 2020 SONAR report, which highlights emerging risks facing businesses, communities, and societies. Despite the current pandemic the report says that the most important emerging risks over the next three years are overstretched cyber security and rising intergenerational imbalances.
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• World

Many organizations are taking security risks when supporting work from home
Bitglass has released its 2020 Remote Work Report, which analyses how organizations have adjusted to support remote workers amidst the COVID-19 pandemic.
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• World

WHO highlights another emerging future health-related crisis: antimicrobial resistance
The World Health Organizations says that a record number of countries are now monitoring and reporting on antibiotic resistance. This is a major step forward in the global fight against drug resistance but is highlighting that ‘a worrying number of bacterial infections are increasingly resistant to the medicines at hand to treat them’.
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• World

Daisy

Insurance: Marsh report makes case for public-private pandemic risk solution
Marsh has published a new report that makes the case for a public-private pandemic risk solution to meet post-lockdown insurance needs.
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• World

‘A Likert Scale-Based Model for Benchmarking Operational Capacity, Organizational Resilience, and Disaster Risk Reduction’
A new short paper has been published in the International Journal of Disaster Risk Science by a research group at the Institute for Risk and Disaster Reduction at University College London, in collaboration with the Universidad Nacional Autónoma de México.
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• World

Three emerging societal risks that organizations should be aware of as lockdowns relax
International SOS has experienced a large rise in COVID-19 related physical security cases during the pandemic. The company has analysed trends related to this increase and is highlighting three emerging societal challenges that may impact organizations.
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• World

Risk Logic

FERMA asks the European Commission to consider the creation of an EU resilience framework for catastrophic risks
The Federation of European Risk Management (FERMA) has called on the European Commission to create an EU resilience framework for catastrophic risks to ‘address the severe shortage of business interruption insurance without physical damage (NDBI)’.
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• Europe

The return from lockdown: seven risk and compliance considerations for distributed workforces
NAVEX Global has provided a checklist of seven key considerations for business leaders and decision makers preparing their organizations for a return to work after COVID-19 lockdowns.
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• World

World Economic Forum publishes report looking at how COVID-19 risks may develop
‘Prolonged global recession’, ‘high unemployment’, ‘another outbreak of infectious disease’, and protectionism dominate the list of near-term worries for companies, according to the World Economic Forum’s new report, COVID-19 Risks Outlook: A Preliminary Mapping and Its Implications.
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• World

eBRP

Verizon issues its Business 2020 Data Breach Investigations Report
The Verizon Business 2020 Data Breach Investigations Report (2020 DBIR) shows that organized crime is behind a high number of successful cyber attacks.
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• World

Airmic calls for change in approach to insurers’ pandemic response
Airmic, the UK association for risk and insurance professionals, has urged the insurance market to adopt a more responsible and business sensitive position on the COVID-19 pandemic or risk long-term damage to trust and reputation and loss of customers.
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• UK

Facility restart risks that need addressing before allowing reopening
With businesses in many countries now preparing to reopen after a period of pandemic induced inactivity, Allianz Global Corporate & Specialty (AGCS) has highlighted a number of risks which need addressing before dormant facilities are reactivated.
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• World

Enterprise security and the resurgence of ransomware
A recent resurgence in ransomware has seen it shoot right back to the top of the cyber crime list. While much of this resurgence can be attributed to the arrival of new ransomware mutations, another factor seems to be playing a major role as well; the growth of cyber insurance. Jan van Vliet explains…
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• World

Research confirms links between cyber attacks, consumer purchasing, and brand loyalty
Arcserve, LLC, has released results from new research that measures how cyber crime influences purchasing activity and brand loyalty. It found that while most consumers are taking necessary security precautions to protect their online accounts, some businesses may not be doing enough to protect their information – inadvertently driving sales to competitors that can. 
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• World

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