Risk Topics

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Third-party cyber risks are a ‘glaring blind spot’ finds PwC survey
A majority of companies don’t have a handle on their third-party cyber risks – risks obscured by the complexity of their business relationships and vendor/supplier networks. This is a key finding of the PwC 2022 Global Digital Trust Insights Survey.
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• World

AIRMIC releases new introductory guide to risk appetite
Airmic has published a new guide in its series of popular EXPLAINED guides. ‘Risk Appetite: The facts, the myths, and the links with culture, maturity and sustainability’ aims to provide guidance for learning and development at an introductory level.
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• UK / World

C-Suite has greater willingness to invest in risk and resilience due to pandemic experiences
New research by Aon finds that the pandemic exposed new organizational vulnerabilities, driving C-Suite willingness to invest in preparation for other long-tail risks. This was one of the key results in a new survey-based report, ‘A New Approach to Volatility: The Importance of Making Better Decisions’.
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• Various

New report explores risks associated with third party IT services
CyberVadis has released a new research report to analyse risks associated with third party IT services. It focuses on five key areas of cyber security: data privacy, access management, cloud security, incident detection and response (IDR) and business continuity.
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• World

The role of risk management in corporate resilience: new survey-based report
A new report published by the Federation of European Risk Management Associations (FERMA) and the global management consulting firm McKinsey looks at the role risk and insurance managers are playing in developing the resilience of their organizations.
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• Europe / World

Risks and global supply chains: what we know and what we need to know
A new Bank of England ‘Staff working paper’ by Richard Baldwin and Rebecca Freeman explores current global supply chain risks and how they could change and develop.
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• UK / World

Business risks: five ‘what if?’ questions you need to ask to prepare for future shocks
More than 18 months into the COVID-19 crisis and still facing countless uncertainties, it is more important than ever that businesses widen their apertures beyond conventional wisdom, identify plausible and powerful contingencies, and plan and prepare for the unexpected.
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• World

Survey finds that risk management is seen as increasingly important by middle market companies
New data from Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Fisher College of Business, shows that middle market companies are finding risk management increasingly important.
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• World

As a board member do you really understand the risks faced by your organization - especially those related to enterprise IT systems?
In an article that aims to help board members ask appropriate questions within their organizations Nick Denning looks at how to analyse and categorise risks, with a particular focus on enterprise IT systems.
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• World

New COSO guide aims to help organizations align risk management with AI initiatives
Recognizing the accelerating need to identify and manage the risks of artificial intelligence effectively, the Committee of Sponsoring Organizations of the Treadway Commission (COSO), in collaboration with Deloitte, has issued guidance to help organizations align risk management with AI initiatives.
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• World

Research shows that organizations are much more concerned about technology risks than other groups of risk
Specialist insurer Beazley’s new report ‘Spotlight on technology risk’ reveals that a range of technology risks top executives’ risk radars on both sides of the Atlantic.
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• US / UK

Five tough questions you need to answer about ransomware
Ransomware is a top agenda item for executives and board of directors with organizations across the globe. Jim McGann presents five questions that every organization, whether a global enterprise or a micro-business, needs to have answers to with regards to this threat.
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• World

Unnecessary compliance burdens for employees are creating risks and failures
Compliance teams that don’t embed their controls into employee processes face a significantly higher rate of compliance failures, according to a survey by Garner, Inc. The survey of 755 employees in April 2021 found these failures linked to unnecessary compliance burdens for employees.
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• World

IOSCO issues guidance to help regulate the risks associated with AI and ML usage
The Board of the International Organization of Securities Commissions (IOSCO) has published guidance to help its members regulate and supervise the use of artificial intelligence (AI) and machine learning (ML) by market intermediaries and asset managers, following a consultation report published in June.
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• World

Top risk management related compliance priorities explored in new survey
MetricStream has published key findings from its 2021 State of Compliance Survey Report. Compiled from organizations across various sectors, the survey was conducted to understand the state of compliance programs and the impact of the pandemic on compliance management.
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• World

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