The development and application of artificial intelligence (AI) has growing implications for European risk managers, the Federation of European Risk Management Associations (FERMA) has told the European Commission.
Company executives are not adequately identifying and preparing for risks that can have potentially catastrophic implications on business operations, according to DuPont Sustainable Solutions’ (DSS) annual global survey of company executives.
The recently published Allianz Risk Barometer 2019 says that traditional risks such as natural catastrophes continue to challenge, while other threats, including business interruption and reputational risk, continue to evolve.
The Dubai Electricity and Water Authority (DEWA) and the British Standards Institution (BSI) have signed an agreement to develop the PAS 60518:2020 standard for risk management in the energy and utilities sector.
Today’s business climate dictates that organizations will need to continue to rely on third parties to remain competitive and alleviate internal processing burden. All of these relationships present some sort of risk to organizations that requires managing and monitoring.
Sword GRC has published findings from its annual survey of global risk managers. Almost 150 risk managers from highly risk-aware organizations worldwide were canvassed for their opinions. Overall, cyber risks are seen as the biggest threat to business, with a quarter of organizations stating that this is the case.
In a volatile market environment and with the edict to ‘do more with less’, many financial institutions are beginning efforts to re-engineer their risk management programs, according to a new survey by Deloitte.
Staff shortages have escalated in the last three months to become the top emerging risk organizations face globally, according to Gartner, Inc.’s latest Emerging Risks Survey.
A recent survey by Deloitte has shown that organizations are concerned about several extended enterprise risks, including supply chain, financial, regulatory, legal, and strategic. Organizations need to manage these areas centrally, leading to an expectation that ‘extended enterprise risk management’ (EERM) will be a 2019 priority.
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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.
