Posts Tagged ‘Global Risk Report’



December 13th, 2018

Europe Experienced Increased Cyberattacks in the First Half of 2018

Posted at 1:00 AM ET

banner-image_editedhmj-500x500Estimates suggest that the number of cyberattacks across Europe increased by around a third in the first quarter of 2018, compared to the same period last year, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

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December 6th, 2018

Cyberattacks Emerge as Leading Risk in East Asia and the Pacific

Posted at 1:00 AM ET

herde_thomasCyberattacks are the leading risk to doing business across East Asia and the Pacific, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

The WEF study surveyed about 12,500 executives across 140 countries on the five biggest risks to doing business in their respective countries over the next 10 years. In Asia Pacific, cyberattacks topped the list in Indonesia, Japan and Singapore. The prominence of cyberattacks as a concern among the region’s businesses reflects the rapid pace of digitization and the increasing sophistication of the region’s economies, the study says.

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November 27th, 2018

Cyberattacks Top the List of Risks in North America

Posted at 10:00 AM ET

For business executives in the United States and Canada, cyberattacks are now the number one risk to doing business, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

Jeremy S. Platt, Managing Director and Cyber Solutions Specialty Practice Leader at Guy Carpenter, says: “2017 was an important year in cybersecurity because businesses around the globe learned firsthand how far-reaching and devastating a cyberattack can be on a business. Last year, WannaCry and Petya/NotPetya proved the speed and breadth at which cyberattacks were able to cause widespread disruption, damages and loss at magnitudes not previously considered.”

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November 19th, 2018

Regional Risks for Doing Business

Posted at 1:00 AM ET

banner-image_editedhmj-500x500The recent World Economic Forum’s 2018 Executive Opinion Survey provides a snapshot of the global risks that executives say are of highest concern for doing business in their respective countries.

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October 10th, 2018

A New Boldness in Tackling Emerging Risks – Part II

Posted at 1:00 AM ET

For many risk leaders, implementing the seven imperatives in the previous article will prompt a rethink of the team’s capabilities and culture. Operationally, these strategies call for greater experimentation in analytics, creativity in stakeholder engagement, and agility in developing insights on the materiality of pressing concerns. Strategically, it means championing threats for which evidence is limited or conflicting, and helping to scope innovative risk mitigation solutions.

As outlined in the report Material Improbabilities, Getting Practical with Emerging Risks from Marsh & McLennan Companies Global Risk Center, some risk leaders may need to expand their comfort zone, but those who can mesh strategic vision, influencing skills, and technological fluency on top of their core risk-management expertise will be best positioned to help their firms negotiate dynamic risk environments laden with potential shocks and disruption.

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October 9th, 2018

A New Boldness in Tackling Emerging Risks – Part I

Posted at 1:00 AM ET

Risk teams are under increasing pressure to move beyond blocking and tackling to providing strategic risk advice that can help their companies achieve sustainable resilience in the face of critical emerging risks, according to the report Material Improbabilities, Getting Practical with Emerging Risks from Marsh & McLennan Companies Global Risk Center.

Where the expectation isn’t already there, it ought to be and probably will be in due course. This shift is vital for firms and a boost for the standing of the risk function when resource levels are otherwise threatened by cost pressures, opportunities for activity automation, and greater confidence in global economic conditions. Continue reading…