Posts Tagged ‘technology’



April 5th, 2018

Organizations Have Made Some Revisions in Risk Mitigation Approaches in Response to New Technologies

Posted at 1:00 AM ET

While treasury and finance professionals are managing risks associated with technology enhancements at their companies, 28 percent report that their organizations have not taken steps to revise their approach to risk mitigation in response to increased risks. Fifteen percent of respondents confirm their companies have revised their risk mitigation approaches significantly to combat these new or increased risks. The remaining 57 percent of companies have made some revisions to their risk mitigation strategies.

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March 26th, 2018

Cybersecurity Risks on Radar

Posted at 1:00 AM ET

Cybersecurity risks are increasingly being managed as a result of growing use of technology. Organizations’ Treasury and Finance functions are tasked with managing risks resulting from recent technology adoptions. Three-fourths of corporate practitioners report that cybersecurity risks have surfaced at their companies as a result of the increased use of new technologies. Slightly less than half cite operational risk as a concern (47 percent), followed by business continuation (41 percent).

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March 19th, 2018

Exposure to New Risks

Posted at 1:00 AM ET

Some emerging technologies are exposing organizations to new risks, but few practitioners report a significant impact. Over half of survey respondents report that artificial intelligence is impacting risk exposure at their organizations, although only 14 percent indicate the effect is significant. Data engineering and spreadsheets are also viewed as technologies that will expose companies to new risks.

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March 1st, 2018

Cyber Risk Management Perspectives

Posted at 1:00 AM ET

Here we bring together recent GC Capital Ideas posts that discuss perspectives on the evolving cyber risk environment.

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February 28th, 2018

Predictive Analytics Most Likely to Increase Risk Management Efficiency

Posted at 1:00 AM ET

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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February 22nd, 2018

From Risk to Resilience: Marsh & McLennan Companies Cyber Handbook 2018: Perspectives on the Next Wave of Cyber

Posted at 1:22 AM ET

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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February 13th, 2018

Association of Financial Professionals/Marsh & McLennan Risk Survey Report: 2018

Posted at 1:00 AM ET

Finance and treasury professionals are looking to adopt technologies such as artificial intelligence, blockchain and robotic process automation, but few are prepared for the new business risks that may be associated with these technologies - especially cyber, business operations and regulatory risks.

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February 7th, 2018

Cyber Risk: The Stakes Have Changed for the C-Suite

Posted at 2:00 AM ET

cover-thumbnail1Three major cyber events in 2017 set new precedents for the scope of damage wrought by cyber-attacks. This new report from Marsh & McLennan Companies and FireEye identifies the trends that are further complicating this new cyber reality, including regulation and new attack vectors, and recommends tangible actions that executives and board members can take to manage the risks.

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February 1st, 2018

Cyber Risk in an Interconnected World; Part II

Posted at 1:00 AM ET

platt-jeremyJeremy S. Platt, Managing Director and U.S. Cyber Specialty Practice Leader

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The new year will also offer cyber carriers the chance to seize opportunities created by innovative technologies to adapt lessons from other lines of business. Today, risk management of a cyber event reflects characteristics of pandemic containment. The medical community has developed clearly defined metrics and rigorous procedures for public and private stakeholders to reduce the impact of an outbreak. Similarly, the date of occurrence, duration, common source connection, frequency and severity are significant factors in adjusting cyber (re)insurance claims, and often depend on some level of collaboration with public entities. But as discussed above, a common currency to analyze and discuss cyber exposures is still being perfected. Quantification of cyber losses is also complicated by “silent” all-risk policies where cyber is the peril, but no cyber exclusions exist.

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