March 2nd, 2018

Week’s Top Stories: February 24 - March 2, 2018

Posted at 11:00 AM ET

Three Takeaways from Global Risks Report 2018: Marsh & McLennan, in collaboration with the World Economic Forum, launched the 13th edition of the Global Risks Report. The report offers a rich perspective on the major threats to global prosperity. The global risks landscape is being shaped by the extraordinary pace of change, characterized by rapid technological advances (such as AI and automation) on the one hand, and seismic shifts in the political and geopolitical landscape on the other.

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Cyber Response Plans Lacking: Only 30 percent of organizations have a cyber response plan, according to survey results.

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Predictive Analytics Most Likely to Increase Risk Management Efficiency: Predictive analytics is a technology being used at some organizations-and being evaluated at others-to manage risk within Treasury and Finance. Two-thirds of survey respondents believe that this technology will increase risk management efficiency.

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Cyber Risk Management Perspectives: Here we bring together recent GC Capital Ideas posts that discuss perspectives on the evolving cyber risk environment.

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From Risk to Resilience: Marsh & McLennan Companies Cyber Handbook 2018: Perspectives on the Next Wave of Cyber: Cyber risk continues to grow as technology innovation increases and societal dependence on information technology expands. A new and important turning point has been reached in the struggle to manage this complex risk. In the war between cyber attackers and cyber defenders, we have reached what Winston Churchill might call “the end of the beginning.”

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And, you may have missed….

By the Numbers: Global Cyber Risk Perception Survey: Cyber risk is now at the forefront of the corporate risk agenda, but cyber risk management strategies are not keeping pace despite an increasingly complex threat environment and escalating potential financial impact. A new global survey of more than 1,300 executives, undertaken by Guy Carpenter sister organization Marsh in partnership with Microsoft, examines cyber risk concerns and management strategies by organizations of all sizes in a range of industries worldwide.

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