Risk Topics

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ClearView

Gartner survey explores the evolving threat landscape
At its Virtual Gartner Security & Risk Management Summit, Gartner analysts discussed the results from a survey looking at how enterprise security and risk leaders are responding to the evolving threat landscape. This was ranked as the top driver impacting information security during the next three to five years.
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• World

Many organizations failing to effectively manage remote working: creating risks
A global survey conducted by Wrike, has found that six months since the wide-spread adoption of remote working began, many workers are still unsure as to what their employer expects of them. This lack of clarity opens organizations up to cyber risks and results in reduced productivity.
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• Various

Aon survey highlights steps companies taking to accelerate workforce resilience and agility
Aon plc has released the results of a new global pulse survey focused on how companies are rethinking their human capital strategies in response to the humanitarian and economic impacts of the COVID-19 pandemic.
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• World

Daisy

Future climate risks being discussed in boardrooms but few organizations have plans in place
Climate risks are being discussed in Britain’s boardrooms, but the majority of businesses have yet to implement a clear plan, according to new research from KPMG. The firm questioned more than 160 business leaders, representing a range of industries from across the UK on their environmental, social, and governance (ESG) credentials.
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• UK

Researchers warn that the COVID-19 pandemic may be followed by a period of significant social unrest
From the Black Death to the Spanish Flu, history teaches that social tension accumulated over an epidemic can lead to significant episodes of rebellion, according to a study by Massimo Morelli and Roberto Censolo from Bocconi University.
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• Europe / World

Assurance Software

Many businesses did not evaluate business continuity risks for cloud services prior to switching to remote working
New research from Databarracks shows that just 46 percent of UK organizations surveyed had evaluated their business continuity risks for cloud services compared with on-premises IT in the months before widespread remote working – and the accompanying growth in the use of cloud applications – began.
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• UK

Why do we distort probability? Scientists explore the cognitive limitations that hamper risk decision-making
Human perception of probabilities - especially very small and very large probabilities - can be markedly distorted and these distortions can lead to potentially disastrous decisions. But why we distort probability has been unclear. Now a team of scientists from New York University and Peking University has published the results of research into the nature of these distortions, which offers potential clues for explaining this phenomenon.
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• US / World

Mid-year update to Marsh Political Risk Map 2020 shows that political risk increases across the world
Marsh JLT Specialty has published a mid-year update to its Political Risk Map 2020, providing risk ratings for 197 countries across nine perils from January to July 2020. All 197 countries rated experienced an increase in their risk scores between January and July 2020 compared to 30 percent in the same period in 2019.
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• World

Avalution

Where’s our next shock coming from?
While so much attention is being focused on COVID-19 will we miss seeing a tipping point that creates the next shock? Geary Sikich discusses tipping points, how entanglement might require a rethinking of risk, and looks at five areas where the next global shock may emerge from.
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• World

Research finds that cyber crisis preparation is failing to adapt to modern threats
A ‘stark disconnect’ exists between the inadequacy of crisis exercising and the desire to build an effective cyber crisis response function, according to a new Osterman Research study published in association with Immersive Labs.
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• UK / North America

eBRP

BSI consults on new standard for managing psychosocial risks in the work environment
BSI is asking business owners, line managers, HR and OH&S professionals and anyone else who has an interest in psychological health and well-being at work to provide feedback on a new standard for managing psychosocial risks.
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• UK / World

Basel Committee consults on operational risk and operational resilience guidance
The Basel Committee has published a draft update to its existing guidance on operational risk and has developed operational resilience guidance in-line with this. The Committee is asking for feedback on the documents by Friday 6th November 2020.
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• Europe / World

BSI survey finds that supply chain issues are still impacting many North American organizations
BSI recently conducted a survey among business leaders in North America to better understand the ongoing impact of COVID-19 on organizations and evaluate their business continuity efforts on the road to recovery.
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• North America

eBRP

First enterprise risk and resilience management standard for the utility sector published
BSI and the Dubai Electricity and Water Authority (DEWA) have launched PAS 60518:2020, a new guidance standard entitled ‘Developing and implementing enterprise risk and resilience management (ERRM) in utilities’.
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• World

The role of insurance in managing cyber risks
The demand for cyber insurance is increasing, but what does it protect against, and importantly, is it worth the money? Jan van Vliet attempts to answer some of the key questions businesses face when deciding if investing in cyber insurance is right for them.
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• UK / World

Risk Logic

New study shows that flood damage erodes companies’ long-term value
If a flood is able to disrupt your business, your stock value could drop significantly in the next 12 months. That is according to a new analysis commissioned by FM Global and conducted by analytics advisory group Pentland Analytics.
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• US / World

Insurance against pandemic risk: options for shared resilience solutions in the EU
The European Insurance and Occupational Pensions Authority (EIOPA) has published an Issues Paper highlighting options for developing shared resilience solutions for pandemic risk. The paper recognises that private insurance solutions alone will not be sufficient to protect against the financial consequences of future pandemics.
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• Europe

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