Risk Topics

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The benefits of reputation management transparency: a case study
Nir Kossovsky, Peter Gerken, and Denise Williamee look at why a recent announcement by Apollo Global Management, which gave details of developments in the company’s reputation risk management processes, resulted in a surge in equity value.
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• US / World

Cloud Cyber Resilience Report uncovers developing sources of cloud risk
Accurics has published its latest research document, the ‘Accurics Cloud Cyber Resilience Report’, which highlights security risks identified in cloud native environments.
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• World

Environment Agency CEO warns that UK climate change impacts are hitting ‘worst case scenario’ levels
Sir James Bevan, Chief Executive of the Environment Agency, has told a panel session at the Association of British Insurers annual conference that the UK is ‘seeing the impacts of the climate emergency hitting worst case scenario’ levels.
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• UK

RIMS survey shows a large increase in the uptake of integrated enterprise risk management programs
According to the recently published RIMS 2020 Enterprise Risk Management Survey 98 percent of responding organizations have a fully or partially integrated ERM program in place, up 26 percent from 2017.
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• World

ISO publishes new standard to help organizations assess climate change risks and impacts
ISO has released ISO 14091:2021 ‘Adaptation to climate change - Guidelines on vulnerability, impacts and risk assessment’. The new standard gives guidelines for assessing the risks related to the potential impacts of climate change.
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• World

NIST publishes guidance on cyber supply chain risk management
The US NIST has announced the publication of NISTIR 8276, ‘Key Practices in Cyber Supply Chain Risk Management (C-SCRM): Observations from Industry’. This aims to provide digital businesses with a set of Key Practices that can be used to manage cyber security risks associated with their supply chains.
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• US / World

COVID sparking a resurgence of ISIL says UN counter-terrorism chief
The United Nations Security Council has been told by Vladimir Voronkov, head of the UN Office of Counter-Terrorism (UNOCT), that the threat to international peace and security posed by ISIL terrorist fighters is ‘on the rise again’.
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• Middle East / World

Risks and benefits of 5G technology outlined in ISACA paper
A new white paper by ISACA, ‘5G Security: Addressing Risk and Threats of Mobile Network Technologies’, has been published which aims to help organizations understand the risks associated with the new technology.
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• US / World

First the sprint, now the marathon: determining vulnerability remediation velocity through risk-based SLAs
Stephen Roostan looks at the concept of remediation velocity and its role in helping organizations gain control over managing technology vulnerabilities.
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• UK / World

Searching for risk in all the wrong places
We cannot manage the complexity of risk today the way we managed risk in the past. Yesterday’s models, methods and ‘best practices’ while minimally useful, do not readily apply to managing risk in the future say Geary W. Sikich and Sara Robertson. In this article they explain their viewpoint…
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• US / World

Data loss prevention: pairing artificial intelligence with human insight
AI use in cyber security is growing but over-reliance is a mistake says Oliver Paterson. In this article he explains where AI can play an effective part in a cyber protection strategy and where trained human insight is still required.
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• UK / World

Survey looks at IT cyber risk management trends
MetricStream has published the results of its global IT Risk and Compliance Survey, in which enterprise security and risk professionals from around the world were surveyed about their top IT cyber risk strategies and concerns.
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• World

Experts horizon scan to help create a risk map of major emerging biosecurity threats
The results of a horizon scanning process facilitated by the Centre for Existential Risk (CSER) at the University of Cambridge and the BioRISC project at St Catharine's College have been published. A group of 41 academics and figures from industry and government submitted 450 possible questions (potential risk areas) which were then debated, voted on, and ranked to define the 80 most urgent.
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• UK / World

Global commercial insurance prices continue to increase rapidly
Global commercial insurance prices increased 22 percent in the fourth quarter of 2020, according to the Global Insurance Market Index released by Marsh. The increase, the largest since the index was launched in 2012, follows year-on-year average increases of 20 percent in the third quarter and 19 percent in the second quarter of 2020.
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• World

Aon survey report looks at how attitudes to risk and resilience have changed due to the COVID-19 pandemic
In a new report, 'Reprioritizing Risk and Resilience For a Post-COVID-19 Future', Aon has released the results of a global survey, finding that COVID-19 has shown that it will be imperative for businesses to reprioritise risk and to innovate and explore new risk management strategies.
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• World

Survey looks at short and long term Board and C-suite risk concerns
Board members and C-suite executives around the globe are most concerned in 2021 with risks associated with COVID-19-related government policies and regulations, economic conditions that may restrict growth, and market conditions that may continue to impact customer demand, according to a new survey from Protiviti and North Carolina State University.
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• World

CDDEP report highlights the growing threat of antimicrobial resistance
Despite the known link between antibiotic use and antimicrobial resistance (AMR), antibiotic consumption is likely to increase worldwide by 200 percent between 2015 and 2030 says a new report; increasing the very real threat that AMR presents.
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• World

Crisis preparedness and risk management among APRA 2021 priorities
The Australian Prudential Regulation Authority (APRA) has released its policy and supervision priorities for the coming year. Consistent with APRA’s strategic objectives detailed in its Corporate Plan, a key focus is to further enhance the resilience and crisis readiness of Australia’s financial system.
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• Australia

Few organizations can accurately obtain an early view of unexpected events finds new survey
During a time where business resilience and innovation is core to organizational survival, a new study commissioned by Dataminr has found that only 29 percent of companies feel confident that they have technologies to accurately obtain an early view of unexpected events.
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• Various

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