The EU’s General Data Protection Regulation (GDPR) comes into effect on May 25th 2018 and a survey from Tripwire identifies current preparedness trends. Findings show that 77 percent of companies subject to GDPR could meet the 72-hour notification window, with 24 percent claiming they could notify customers of a data breach within 24 hours.
For senior financial executives at large US-based companies with operations in Texas, Florida or Puerto Rico, last year’s hurricane season brought not only catastrophe to their communities, but a risk management wake-up call for 2018 and beyond.
A study from Veritas Technologies has found that the General Data Protection Regulation (GDPR) has the potential to drive major cultural changes in businesses worldwide. Nearly three in four respondents plan to incentivise employees to improve data hygiene and take accountability for data compliance.
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.
Communication is the key for risk management professionals to engage leadership, become trusted partners and strategic advisors, according to RIMS’ new professional report ‘The Top Five Steps for Communicating with Executives.’
Board members across all industries perceive a much riskier environment in 2018 relative to 2017, according to the results of the sixth annual ‘Executive Perspectives on Top Risks Survey’
ISO 31000, 'Risk management – Principles and guidelines', was published in 2009 and has been undergoing a revision. The new version will be available in mid-February and in this article Alexei Sidorenko, CRMP, provides a preview of what risk managers can expect from the new standard.
In the company’s annual RiskMap political and security risk forecast, Control Risks has published assessments of business risks in various regions of Africa.
With more than 400 human disease outbreaks in the past 10 years, the human and economic toll has been extensive. In fact, experts project the impact from a global human pandemic to be around $570 billion or 0.7 percent of global income.
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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.
