The latest enterprise risk management news from around the world

Redefining the definition of operational risk

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.

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One in three consumers instantly judges a brand if its site is down

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. 

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Report shows that global maritime industry is unprepared for main risks

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).

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New guidance shows how to use ERM to improve organizational resilience for environmental, social and governance-related risks

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.’ 

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