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Globalization has increased the complexity of supply chains beyond recognition with many businesses having thousands, and often tens of thousands, of direct and indirect suppliers. Major crises such as the global pandemic… More

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… More

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… More

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… More

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… More

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… More

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… More

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… More

IRM Board member and East Africa Regional Group Chair Dorothy Maseke, CMIRM, recently gave a presentation to Non-Governmental Organisation (NGO) colleagues working across Somalia.  The session addressed risk-sharing approaches in humanitarian action globally and discussed how… More