Geopolitics and ransomware attacks top cyberrisk concerns

Geopolitics and ransomware attacks lead the list of cyberrisk concerns for global businesses, according to Allianz. In addition, businesses say they are worried about government-backed attacks against companies, infrastructure and supply chains because of the war in Ukraine Read more

Supply chain waste costs businesses $163 billion annually

Supply chain waste costs businesses $163 billion annually, according to recent research.

Most commonly, goods either exceed their sell-by date while in transit or the waste arises from overproduction. In fact, according to the report The missing billions by Read more

Businesses failing the digital trust test

Businesses are failing the digital trust test as their ability to protect customers lags expectations, according to a survey by McKinsey.

It found that while 70 per cent of consumers trust the companies they do business with to protect Read more

Financial firms struggling to quantify climate-related risk

Financial firms are struggling to quantify climate-related risk, according to the sector watchdog the Prudential Regulatory Authority (PRA).

After analysing audit reports for 2021-2022, it wrote to firms in October highlighting key areas of note. Firms have taken action Read more

Cyberattack preparations may not be robust enough

Cyberattack preparations may not be robust enough to withstand real attacks at many organisations, according to a recent report.

The analyst IDC said that 85 per cent of organisations have playbooks for cyber intrusion detection, prevention and response. Read more

interconnected risks

Interconnected risks becoming systemic

Large-scale interconnected risk events are becoming systemic, according to a survey of chief audit executives. Organisations must regard crisis as the new normality and update their risk frameworks accordingly.

In fact, that traditional crisis management teams are ill-equipped Read more

UK Government to crack down on fraud

The UK Government is to crack down on fraud by reforming Companies House and strengthening anti-money laundering powers.

Proposals contained in a new Bill – the Economic Crime (Transparency and Enforcement) 2022 Act (ECTE) – specifically targets “foreign elites” Read more

Whitepaper: FCA Operational Resilience: Leveraging Technology to Reduce Risk in Pursuit of Operational Resilience

Covid-19 serves as a reminder of the unpredictable events that institutions are required to navigate, exposing a lack of operational resiliency and business continuity planning across the sector. As a result, in March 2021, the Financial Conduct Authority (FCA) Read more