While the majority of global organizations say that it is ‘vital’ their organisation is insured against information security breaches, less than half (41 percent) are fully covered for both security breaches and data loss and just over a third have dedicated cybersecurity insurance.
Aon Global Risk Consulting has published its 2016 Captive Cyber Survey report, which finds that the costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries.
Support for the UK remaining a member of the European Union has risen among chief financial officers (CFOs) of the UK’s largest companies, according to Deloitte’s latest CFO Survey.
New EU data protection rules were given their final approval by MEPs on Thursday and the countdown for European-based organizations to manage the compliance risk has started. The European Parliament’s vote ends more than four years of work on a complete overhaul of EU data protection rules.
Marsh and RIMS have jointly published the 13th annual Excellence in Risk Management report, which finds that, while risk professionals are increasingly relied upon to identify and assess emerging risks, there remain organizational and other barriers to providing that critical view ‘around the corner.
Due to declines in property and liability costs and overall risk management costs, businesses paid 2 percent less in 2015 than they did in 2014 to cover the total cost of risk (TCOR), according to the 2016 RIMS Benchmark Survey.
A formal risk appetite and risk tolerance statement can become a powerful strategic tool for not only managing risk but also for maintaining an effective balance between risk and reward: according to RIMS’ newly released Executive Report ‘Steps to Successful Risk Taking: Developing an Effective Risk Appetite and Risk Tolerance Statement.’
Aon Risk Solutions has published its annual Terrorism and Political Violence Map, which confirms that 2015 was the most lethal year for terrorist violence in Europe in nearly a decade as terrorists increasingly target private citizens and public gatherings. This marks the first net increase in global terrorism risk ratings since 2013
The number of large organizations citing risk and compliance as the largest driver for information management (IM) has risen hugely in the past year, from 38 percent to 59 percent, according to new AIIM research.
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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.
