International SOS has experienced a large rise in COVID-19 related physical security cases during the pandemic. The company has analysed trends related to this increase and is highlighting three emerging societal challenges that may impact organizations.
‘Prolonged global recession’, ‘high unemployment’, ‘another outbreak of infectious disease’, and protectionism dominate the list of near-term worries for companies, according to the World Economic Forum’s new report, COVID-19 Risks Outlook: A Preliminary Mapping and Its Implications.
According to the Global Board Risk Survey, conducted by Ernst & Young LLP (EY US) before the COVID-19 outbreak, only 21 percent of board members believed their organizations were very prepared to respond to an adverse risk event from a planning, communications, recovery and resilience standpoint.
The Federation of European Risk Management (FERMA) has called on the European Commission to create an EU resilience framework for catastrophic risks to ‘address the severe shortage of business interruption insurance without physical damage (NDBI)’.
Airmic, the UK association for risk and insurance professionals, has urged the insurance market to adopt a more responsible and business sensitive position on the COVID-19 pandemic or risk long-term damage to trust and reputation and loss of customers.
In an interview-style article, experts from the Institute of Operational Risk and Institute of Risk Management discuss COVID-19 and how the risk management profession is reacting.
NAVEX Global has provided a checklist of seven key considerations for business leaders and decision makers preparing their organizations for a return to work after COVID-19 lockdowns.
With businesses in many countries now preparing to reopen after a period of pandemic induced inactivity, Allianz Global Corporate & Specialty (AGCS) has highlighted a number of risks which need addressing before dormant facilities are reactivated.
It is important during the current COVID-19 crisis that organizations don’t take their eye of the data privacy and protection ball. This article by Chris Mullaney will discuss how businesses can ensure enterprise-grade data protection during the customer communications cycle.
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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.
