The latest enterprise risk management news from around the world

Each year the World Economic Forum’s Global Risks Report identifies and analyzes risks facing countries, economies and organizations. As the pace of change accelerates, and as risk interconnections deepen, this year’s report highlights the growing strain placed on many of the global systems we rely on.

The Global Risks Report 2018 covers more risks than ever, but focuses in particular on four key areas: environmental degradation, cybersecurity breaches, economic strains and geopolitical tensions. And in a new series called ‘Future Shocks’ the report cautions against complacency and highlights the need to prepare for sudden and dramatic disruptions.

The report identifies the top ten risks in terms of impact as:

  • Weapons of mass destruction
  • Extreme weather events
  • Natural disasters
  • Failure of climate-change mitigation and adaptation
  • Water crises
  • Cyberattacks
  • Food crises
  • Biodiversity loss and ecosystem collapse
  • Large-scale involuntary migration
  • Spread of infectious diseases.

The top ten risks in terms of likelihood are:

  • Extreme weather events
  • Natural disasters
  • Cyberattacks
  • Data fraud or theft
  • Failure of climate-change mitigation and adaptation
  • Large-scale involuntary migration
  • Man-made environmental disasters
  • Terrorist attacks
  • Illicit trade
  • Asset bubbles in a major economy.

Read the report.

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