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Cyber Risk Management in the Digital Age: An event by the IRM’s Swiss Regional Group: 18th June, Zurich
Contributed by Martin Tang We are delighted to announce that Kai Grunwitz will be the opening keynote speaker at our forthcoming Cyber Risk Management in the Digital Age event. He is a well-known cyber security leader and influencer. We know of Industry 4.0, Kai’s keynote will review the newest development being Society 5.0, which was featured…
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EC pilots AI ethics assessment
The European Commission (EC) has published ethical guidelines detailing the parameters for how businesses and other public organisations should use artificial intelligence (AI). The document – Ethics guidelines for trustworthy AI – aims at helping organisations create AI that users can trust. Bias in algorithms used by financial services firms and other entities has become…
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Businesses failing on employee disclosure
Britain’s biggest companies are failing to produce adequate data on their workforce practices, according to a comprehensive analysis of their reports and accounts by the High Pay Centre (HPC) – an independent think tank. Its research found that there was “a significant variation in the quality and levels of FTSE 100 company reporting” on four…
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The changing face of payments fraud
Payments fraud is the top concern for professionals in the finance industry, according to a recent report by TD Bank. The issue has moved into first place – 44% of executives polled said it was their number one risk – up 12 percentage points in just one year. Online payment fraud losses are set to…
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Alternative investments: Transforming from ‘Too Risky’ to a ‘Safe Haven’ in Uncertain Times
By Michael Ferendinos – Owner of The Risk Tower High-net worth individuals are becoming increasingly concerned about the possible failure and collapse of the global political, financial, economic and monetary systems. To hedge against uncertainty ? such as Europe’s ongoing debt woes, Brexit delays and the economic and fiscal concerns in the United States ?…
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UK government plans online harm regulation
It has been a long time in coming, but the UK government has published extensive plans to tackle the problem of online harm.The government is to establish a new statutory duty of care, which it hopes will make “companies take more responsibility for the safety of their users and tackle harm caused by content or…
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The Conflict Between Reputation Risk & Discrimination Risk
Some of the older members of the Institute may recall my time in corporate risk management culminating in five years as Director of Risk Management for the Metropolitan Police up to 2008 and my year as Chairman of AIRMIC in 2003/4. I am now an autism specialist. My work in autism involves research, advocacy, mentoring,…
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New outsourcing governance for banks
The financial regulator the European Banking Authority (EBA) has set out a new governance framework for banks that outsource services, including those based in the cloud. The new guidelines – Final report on EBA guidelines on outsourcing arrangement – come into force in the UK at the end of September. Under the rules banks will…
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Embracing the solace of quantum security
Ongoing advances in computing technology have always meant that risk managers need to stay abreast of their organisation’s digital security. Now, the advent of quantum computers – super-powered computers built on quantum mechanical principles – makes one area of risk to keep a close eye on. Quantum computers are able to use subatomic particles to…
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Beware of ‘silent’ cyber risk
The UK’s insurance regulator has warned insurance companies that they need to do more to reduce and manage their exposure to ‘silent’ – or non-affirmative cyber risk. Non-affirmative cyber risk occurs when insurance policies are ‘silent’ on the matter, in that they don’t explicitly either include or exclude it. The shot across the bows from…
