In February 2018 ISO issued an updated version of the ISO 31000:2018 risk management standard. Standards Australia has now released a version of the new standard, adapted for the Australian market.
In a survey report released by Deloitte, almost all (96 percent) of CEOs and board members say that they expect their organizations will face serious threats or disruptions to their growth prospects in the next two to three years.
Adesh Rampat explains why he believes that the definition of operational risk needs updating to take into account the development of cyber security related risks, and including aspects of internal controls and user awareness.
New research from managed hosting company Hyve quantifies the reputational damage caused by website downtime. Over a third (36 percent) of UK shoppers say a non-functioning site immediately damages their opinion of a brand, causing perceptions of an ‘unprofessional’ and ‘poorly managed’ business.
According to a survey of 1,002 UK workers in full or part-time employment, carried out by Probrand, the majority (68 percent) of businesses failed to wipe the data from IT equipment they have disposed of in the two months following the launch of GDPR.
Senior stakeholders believe that the global maritime industry is not prepared to deal with major risks that are likely to impact it over the next ten years. This is according to the Global Maritime Issues Monitor 2018, published by the Global Maritime Forum, Marsh, and the International Union of Marine Insurance (IUMI).
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the World Business Council for Sustainable Development (WBCSD) have released a jointly developed document, ‘Guidance for Applying Enterprise Risk Management (ERM) to Environmental, Social and Governance (ESG)-related Risks.’
The Shared Assessments Program has released its latest risk management guidance, ‘Innovations in Third Party Continuous Monitoring’, the latest addition to the organization’s Building Best Practices series.
Gartner’s quarterly Emerging Risks Report has found that talent shortage has joined privacy regulation and cloud computing as the top three business risks that organizations are concerned about.
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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.
