Financial services organizations need to pay close attention to how their cloud providers backup data, or risk significant data loss or even non-compliance, 4sl has warned.
The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has published a benchmarking paper examining the organizational structures for enterprise and operational risk within market infrastructures (MIs).
Addressing data privacy and protection risks starts with system design and engineering. Nehal Maniar looks at four steps that need to be taken whilst attempting to marry system optimisation and data protection.
Egress has published the results of its Insider Data Breach Survey 2020. The study found that 97 percent of IT leaders say insider breach risk is a significant concern. 78 percent think employees have put data at risk accidentally in the past 12 months and 75 percent think employees have put data at risk intentionally.
The greatest threat to humanity and its organizations hides in the potential cascading of impacts of five highly-related, highly-likely risks: a collision that can amplify these effects catastrophically, according to a new survey of 222 leading scientists from 52 countries.
Severe environmental threats account for the top long term risks identified in the World Economic Forum’s Global Risks Report 2020, while risks associated with economic and political polarization are expected to top the risk league table in 2020.
Researchers from the universities of Toulouse, Sousse and Vienna and from Abamix Consulting have jointly developed BPRIM, the Business Process-Risk Integrated Method framework. This is aimed at providing the first formal framework to help organizations integrate business process management and risk management.
To further inform organizations on the benefits of enterprise risk management, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has published new guidance, ‘Creating and Protecting Value: Understanding and Implementing Enterprise Risk Management’
For the first time, cyber incidents rank as the most important business risk globally in the Allianz Risk Barometer, relegating perennial top peril business interruption (BI) to second place.
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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.
