A Gartner survey of more than 250 legal and compliance leaders reveals that the standard point-in-time approach to risk management is no longer effective in today's landscape of fast-paced, rapidly changing business relationships.
Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered by insurance. This is according to a new FM Global survey.
In 2018, the costs of Business Email Compromise (BEC) attacks passed the $1 billion mark, doubling from the prior year. Crane Hassold looks at the issue and highlights the measures that organizations can take to reduce the risk of becoming a victim of a successful BEC attack.
In an article on the Airmic website, Kasper Nielsen, chief strategy officer at the Reputation Institute, says that most organizations still don't understand how to manage their reputation.
"The problem with some ERM frameworks," says Kasper Nielsen, "is that they are two dimensional, focusing only on cost and likelihood.
Organizations are concerned about their ability to keep up with a rapidly changing business landscape, driven in part by concerns about their own organizations’ lagging and misconceived digitalization strategies, according to Gartner, Inc.’s latest Emerging Risks Monitor Report.
More than eight in ten CFOs (83 percent) say they expect the long-term business environment to deteriorate as a result of the UK leaving the EU, according to Deloitte’s latest Q2 CFO Survey. This is the highest reading since the referendum in June 2016.
Underwriters Laboratories (UL), a global safety science leader, has announced the publication of ‘CAN/UL 2984, Management of Public Risks – Principles and Guidelines’. This first edition document is intended to provide guidance to organizations accountable for the management of public risk
New research from Grant Thornton UK LLP has found that 63 percent of UK mid-market businesses do not have a board member responsible for cyber security. Additionally, over half of the business surveyed (59 percent) do not have a cyber incident response plan in place.
GDPR risks came home to roost for UK organizations this week, with the Information Commissioner's Office (ICO) stating that it intends to fine British Airways £183.39M for GDPR infringements.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
