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.
Amid rapid change, new risks, and the growing complexity of organizations, The Institute of Internal Auditors (IIA) has announced a major update to the widely accepted Three Lines Model. Originally the ‘Three Lines of Defense’, the model has gained popularity for organizing governance and risk management in organizations.
The scale and velocity of the COVID-19 pandemic took many organizations by surprise, according to a report from Airmic, the UK association for risk and insurance professionals. The research also reveals that risk professionals are receiving more board time than ever before
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.
The US NIST is asking professionals to comment on the second public draft of its NISTIR 8286, Integrating Cybersecurity and Enterprise Risk Management (ERM) guidance. This aims to promote greater understanding of the relationship between cyber security risk management and ERM
FERMA, The Federation of European Risk Management Associations, has released the results of the 2020 European Risk Manager Report. This is the 10th edition of the survey report which represents the widest available information from professional risk managers across Europe.
Gartner has published the results from its 2Q20 Emerging Risks Monitor Report, which shows that senior executives see renewed outbreaks of the COVID-19 pandemic as their top emerging risk.
One in two companies believe the cost of a third-party risk incident – such as a supply chain failure, data privacy breach or disruption to IT services – has at least doubled in the past five years, according to Deloitte research.
Although the pandemic dominates the world’s attention, climate risk is simmering in the background, with more than 3 in 4 (77 percent) CEOs and CFOs at the largest companies in the world admitting their firms are not fully prepared for the adverse financial impact of a changing climate.
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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.
