Top 10 Op Risks 2019: Data Compromise
Big data provides big target for hackers, as banks wrestle with risk of monetary and reputational loss. The threat of data loss through cyber attack, combined with an awareness among managers that defences are vulnerable, has made data compromise a perennial concern for op risk managers. But the advent of strict new regulation has intensified those fears, helping propel the category to the top of our annual survey for the first time.
Risk managers are discovering that big data – or the aggregation and cross-referencing of multiple sources of information – can play an important part in fraud
From the Business Continuity Institute
BCI Horizon Scan
The Business Continuity Institute’s most popular piece of research looks at the top 10 disruptions of the past 12 months and looks forward to what industry professionals predict will be the biggest threats over the next 12 months. Not surprisingly, cyber attack & data breach is the number 1 threat for 2019 but can you name the rest? The report also covers uptake of ISO 22301, the cost of disruptions, and case studies.
Download the Horizon Scan Report.
BCI Continuity and Resilience
Did you know the average cost of a severe business disruption is $350,000, or that more than half of BC professionals believe that current investment levels are not adequate? The findings of the report address a range of issues to measure the impact of business continuity, such as its levels of investment, top management buy-in and its role during a crisis. It emerges that business continuity plays a central role across different scenarios, such as adverse weather, cyber-attacks or the outbreak of a new pandemic.
Download the Business Continuity Institute’s Continuity and Resilience Report.
BCI Supply Chain
The purpose of this report is largely to answer a number of key questions for organizations around the resilience of their supply chain, in terms of what the current key risks are and how risk and supply chain managers can identify, assess and practically improve the scenarios they face. Through the years, we have seen higher levels of awareness and adoption of best practices, as the majority of the organizations acknowledge the importance of reporting disruptions (73%). There are more organizations that have business continuity arrangements in place in dealing with supply chain (74% to 76%) compared to last year. This tends to have a positive impact on areas such as supply chain visibility and top management commitment.
Download the Supply Chain Report.
BCI Brexit Preparedness
This report has been designed to provide a view of how prepared organizations are across the world to deal with the potential issues that could arise from Britain exiting the EU on 29 March 2019. The public sector appears to be some distance behind their private sector peers in terms of preparedness, just 55% of those surveyed can say with certainty they will keep operations within the UK and a significant minority (14%) have only started thinking about what Brexit might mean to their organization within the past three months.
Download the Brexit Preparedness Report.Recommend0 recommendationsPublished in