Risk Topics

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Effective measurement of enterprise risk management programs
Enterprise risk management programs need to have mechanisms that management can use to measure their effectiveness. This is possible using key performance indicators (KPI) and key risks indicators (KRI). In this article, Alberto G. Alexander, Ph.D, MBCI explores this area.
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• World

Denmark tops the 2021 FM Global Resilience Index
After a year of supply chain disruption, political tension and growing climate worries, resilience has become a prized commodity for global businesses, and it’s more prevalent in some places than in others, according to the newly released 2021 FM Global Resilience Index.
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• World

Nearly half of UK businesses impacted by fake reviews and negative social media posts in the last year
The ‘Reputation Report 2021’, published by Igniyte, presents the results of a survey of 500 UK business owners and managers into reputation-damaging incidents and how businesses attempt to manage such crises.
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• UK

GDPR three years on: 90 percent of security leaders concerned about data breach litigation
Research by Egress has found that 90 percent of security leaders are concerned about group legal settlements following a serious data breach. Launched to commemorate three years of GDPR, the research also found that almost half (47 percent) of consumers were likely to join a class-action lawsuit against an organization that had leaked their data, proving security leaders’ fears to be accurate.
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• World

Over half of organizations have faced a risk incident due to third-party failure during the COVID-19 pandemic
A new survey by Deloitte into extended enterprise risk management (EERM) has found that more than half of (51 percent) of responding organizations have faced one or more third-party risk incidents whilst responding to the COVID-19 pandemic.
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• World

Effective ‘risk resilience’ is increasingly correlated to viability, growth potential, and competitiveness
According to the inaugural Marsh Risk Resilience Report, as new challenges continue to emerge, and the risk landscape grows increasingly complex, the competitive advantage that ‘risk resilient’ firms can gain is increasing.
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• World

DHS warns of possible uptick in domestic terrorism with easing of COVID-19-related restrictions
US Secretary of Homeland Security Alejandro N. Mayorkas has issued a National Terrorism Advisory System (NTAS) Bulletin after consultation with the Intelligence Community and law enforcement partners.
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• US

The Colonial Pipeline ransomware attack: views from various cyber security experts
Over the weekend of 8th-9th May 2021, a cyber criminal group took one of the largest US fuel pipelines offline with a ransomware attack against the operator Colonial Pipeline. Cyber attacks on critical infrastructure have been on the risk registers of many nations and organizations and this attack shows how potentially damaging such incidents can be. In this article various cyber security experts give their thoughts on the attack…
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• US / World

BSI issues its annual Supply Chain Risk Insights 2021 Report
Regulatory changes, food fraud, and the ongoing effects of COVID-19 will be the primary causes of supply chain disruptions in the coming year, according to the latest Supply Chain Risk Insights 2021 Report.
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• World

FM Global releases comprehensive global earthquake risk map
The ever-present risk of earthquakes, which on average causes nearly US$40 billion in direct economic loss every year, is why FM Global has released what it claims is the world’s most comprehensive global earthquake risk map.
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• World

Tips for creating a cyber security risk assessment
While most organizations have been conducting regular risk assessments in traditional areas for many years, cyber risk assessments are still in their infancy for many. Here Barry O'Donnell offers some tips to ensure that there are no gaps in your cyber risk assessments.
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• World

Survey highlights growing requirements for insider risk management
According to a recent commissioned study conducted by Forrester Consulting on behalf of Code42, insider risk management (IRM) is of greater concern now for 74 percent of companies than it was before the pandemic.
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• US

Cyber security control failures are the top emerging risk: Gartner poll
In a global poll of 165 senior executives across function and geography for the latest Gartner, Inc. Emerging Risks Monitor Report, ‘Cybersecurity control failures’ was listed as the top emerging risk in the first quarter of 2021.
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• World

Less than half of organizations report tracking non-cyber security reputation risks
A new report from Prevalent, ‘2021 Third Party Risk Management Study: Looking Beneath the Cyber Risk Surface’, provides insights into current trends, challenges, and initiatives impacting third-party risk management practitioners worldwide.
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• World

Pandemic stresses will result in increased global political risk throughout 2021 and beyond
According to a new report by Marsh pandemic-induced economic stress will continue to exacerbate global political risk throughout 2021 and will amplify the threats facing already-fragile economies.
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• World

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