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Businesses face energy crunches
Businesses face energy crunches and higher operating costs that could last for up to three years, according to the UK’s National Grid.
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US Treasury targets anonymity technologies
The US Treasury has increased efforts to target anonymity technologies, such as those used in the virtual asset sector. In August, the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned virtual currency mixer Tornado Cash. It said the service had laundered more than $7 billion worth of virtual currency since its creation in 2019. That…
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World@RISK: Climate Change & ESG Forum
StrategicRISK and the Institute of Risk Management [IRM] are delighted to be working in partnership to deliver a new series of events for professionals who manage risk and resilience for their business and all those handling risk at board/C-suite level across all sectors. As well as being a major networking event in London, our ‘On Demand’ format will…
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Supply chain professionals fail to assess climate-related risk
Over 70 per cent of supply chain professionals fail to conduct a climate change risk assessments to identify key risks, according to the analyst Gartner. The study found that 27 per cent of supply chain leaders conducted a climate change risk assessment to identify their most critical supply chain risks. In addition, 18 per cent said they…
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Insolvency risk looms as threat of recession grows
Insolvency risk looms amid growing warnings of a UK recession. In the second quarter of 2022, corporate insolvencies rose by 13 per cent as 5629 companies went under, according to official data. That means that registered company insolvencies increased by 81 percent compared to the same period last year. In addition, voluntary liquidations reached their…
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Whitepaper: Overhaul Your Security and Compliance with Integrated Risk Management
True data protection integrates cybersecurity, privacy, training and the human factor on one unified IRM platform for a holistic view to combat risk. Across today’s security landscape, organizations face constant threats. Multiplying exponentially, these risks carry the potential for catastrophic business failures. In response, companies are jettisoning the siloed approach of single-purpose security tools. The…
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Banks failing to assess climate risk
European banks are failing to assess climate risk properly in their loan books, according to the European Central Bank’s stress test. In fact, only four in ten banks have a climate risk stress-testing framework. Most banks said they struggled to get accurate data to create frameworks. Even where frameworks exist, accurate strategic or location-based climate…
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Hackers exploiting poor software service connections
Hackers are increasingly exploiting poor software service connections between IT platforms and businesses, according to an IT security report. In particular, businesses often ignore the way their systems are configured with software as a service providers. In the report’s survey, up to 63 per cent either said security problems arose in this area – or…
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Whitepaper: ESG – Strategic Approaches to Thrive in the New Era of Risk & Compliance Management
This primer on operationalizing Environmental, Safety and Governance (ESG) goals explores the evolution of risk and compliance management, articulates the key role of ethics and compliance learning, and highlights the transformative power of platforms that connect risk management data with an ethical culture across the enterprise. Expansion of the risk & compliance domain Streamlining safety…
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Risk from external fraud gathers pace
The risk from external fraud has gathered pace over the past twelve months with seven in ten businesses affected, according to the consultant PwC. In fact, over the past two years fraud perpetrated from hackers and organised crime rings rose substantially. External perpetrators caused the most disruptive or serious frauds in 43% of cases. In…
