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Tag / risk

Effective travel risk plans are imperative in current environment

Effective travel risk plans are imperative in current environment

News   •   Jun 15, 2017 09:49 BST

Organizations are not doing enough to ensure their travel risk strategies are fit for the 21st century realities of business travel and fulfil their legal duty of care, according to a new report published by ​Airmic.

Airmic launches major study to understand resilience in digital age

Airmic launches major study to understand resilience in digital age

News   •   Jun 13, 2017 20:31 BST

​Airmic has launched a major new study to determine what resilience looks like in a digitally-transformed business world. According to the association, the digital revolution is fundamentally altering the ways in which organizations develop and execute strategy, which will impact business models and their approach to risk and resilience.

SMEs waken to cyber risks and reputational damage

SMEs waken to cyber risks and reputational damage

News   •   Sep 27, 2016 16:04 BST

The risks posed by cyber attacks and reputational damage are increasingly worrying small and medium-sized enterprises according to Zurich Insurance Group’s third annual global SME survey. Among respondents, concerns about cybercrime have almost tripled since 2013 (11% vs 4%), while worries about reputational damage have also increased (14% vs 8% three years ago).

The riskiest countries in the world

The riskiest countries in the world

News   •   Sep 15, 2016 16:41 BST

Inadequate infrastructure and weak logistic chains substantially increase the risk that an extreme natural event will become a disaster. This is a core finding of the World Risk Report 2016, produced by the Institute for Environment and Human Security at the United Nations University and the Bündnis Entwicklung Hilft – Gemeinsam für Menschen in Not, in cooperation with the University of Stuttgart.

​The value of business continuity: upside risk

​The value of business continuity: upside risk

Blog posts   •   May 05, 2016 11:29 BST

As we take a look at our organizations during ​Business Continuity Awareness Week, perhaps one of the most consistent challenges has been the business case. The definition of value is the cornerstone for clear communication with senior management, and continues to be a quandary. The struggle for definitions in BC, must have us ask: “What is the value of ​business continuity?”

South Asia struggles to build resilience

South Asia struggles to build resilience

News   •   Mar 23, 2016 14:12 GMT

1.4 billion people in South Asia, 81% of the region’s population, are acutely exposed to at least one type of natural hazard and live in areas considered to have insufficient resources to cope with and rebound from an extreme event, according to a new study by Verisk Maplecroft.

Organizations ill-equipped to manage the risks posed by third parties

Organizations ill-equipped to manage the risks posed by third parties

News   •   Mar 18, 2016 16:37 GMT

Almost nine in 10 (87%) organizations have faced a disruptive incident involving third parties in the last three years, with incidents including loss of data by a third party, or failure to deliver a service or product on time. The new study by ​Delo​itte also highlighted the increasing frequency and impact of these disruptions.

Under cover?

Under cover?

Blog posts   •   Feb 18, 2016 16:47 GMT

“We’re insured, so why do we need a business continuity plan?” is a more common question than you might think, particularly amongst smaller businesses (and some larger ones too, actually). And it’s a reasonable question - if a tad naïve.

A world at risk in 2016

A world at risk in 2016

News   •   Jan 19, 2016 11:40 GMT

While cyberattacks rises slightly in terms of likelihood and impact in 2016, others, including failure of critical information infrastructure, appear to be declining as a risk in the eyes of experts. Technological crises have yet to impact economies or securities in a systemic way, but the risk still remains high, something that potentially may not have been fully priced in by experts.

Cyber incidents rank as major new threats

Cyber incidents rank as major new threats

News   •   Jan 13, 2016 14:39 GMT

The risk landscape for businesses is substantially changing in 2016 according to a new report by ​Allianz Global Corporate and Specialty. While businesses are less concerned about the impact of traditional industrial risks such as natural catastrophes or fire, they are increasingly worried about the impact of other disruptive events such as cyber incidents.

Terrorism as a lasting threat

Terrorism as a lasting threat

News   •   Dec 16, 2015 12:40 GMT

Terrorism and its effects influence the perception of risks and individual feelings. Business continuity, risk and resilience practitioners are not free from these effects. Given their important role, they are in a position where their tasks require them to critically examine their environment in a more considered way.

Damage to reputation considered a top risk for organizations

Damage to reputation considered a top risk for organizations

News   •   May 05, 2015 16:33 BST

​According to a new study by ​Aon Risk Solutions, damage to brand and reputation was cited as the top overall concern facing organizations globally. The ​Aon Global Risk Management Survey also revealed that, for the first time ever, cyber risk had entered the top ten at number nine.

Risks posed by natural hazards to major cities across the world

Risks posed by natural hazards to major cities across the world

News   •   Apr 15, 2015 10:29 BST

The strategic markets of Philippines, China, Japan and Bangladesh are home to over half of the 100 cities most exposed to natural hazards, highlighting the potential risks to foreign business, supply chains and economic output in Asia from extreme weather events and seismic disasters, according to new research from global risk analytics company, Verisk Maplecroft.

Business Continuity Institute Working Paper: Organisational resilience

Business Continuity Institute Working Paper: Organisational resilience

News   •   Nov 20, 2014 11:59 GMT

In the latest edition of the Business Continuity Institute’s Working Paper Series, Patrick Alcantara and Tim Jordan attempt to interrogate the literature behind organisational resilience and relate its implications to business continuity practitioners.

Information - friend or foe?

Information - friend or foe?

Blog posts   •   May 25, 2014 20:18 BST

Information is both a risk and a resource when thinking about organisational resilience, including business continuity. There are plenty of examples of information losses that have caused major embarrassment, cost a considerable amount of money to resolve and resulted in a loss of trust as well as clients.

A vision of the future

A vision of the future

Blog posts   •   Feb 13, 2014 11:13 GMT

I’m relatively new to business continuity management, with only a little over ten years’ experience in this industry that is said to be made up of the 'Men in Grey'. Someone said this to me at last year’s BCI World Conference, I then looked in the mirror and sure enough that was me already. So what incenses me and what gives me hope that as an Institute we are making progress?

Vision Therapy - helping you to see more risks

Vision Therapy - helping you to see more risks

Blog posts   •   Apr 01, 2013 10:26 BST

Ken Simpson argued in his recent BCAW 2013 webinar that there are risks we see and ones we don't see (because we are not looking or we refuse to recognise them) and then there are those that you cannot see - the Black Swan events. Ken argued that there are less Black Swans than we think and more of the events we don't see because we don't look and recognize the threats and vulnerabilities.

Cyber Threats and Cyber Security – are they real and can they be managed?

Cyber Threats and Cyber Security – are they real and can they be managed?

Blog posts   •   Mar 22, 2013 08:50 GMT

According to a recent IBM survey, the biggest threat perceived by Business Continuity professionals is cyber-security. Some of the challenges faced include BYOD (Bring Your Own Device) which is on the increase; the widespread use of social media with its pros and cons; workforce mobility and the increasing use of cloud-based solutions.

How well are you weathering the storm? Lorraine Darke, Executive Director of the BCI provides the insider view on the official launch of the CMI’s annual BCM Survey Report

How well are you weathering the storm? Lorraine Darke, Executive Director of the BCI provides the insider view on the official launch of the CMI’s annual BCM Survey Report

Blog posts   •   Mar 20, 2013 14:00 GMT

Tuesday of Business Continuity Awareness Week saw the launch of the Chartered Management Institute’s annual Business Continuity Management Survey which is supported by the BCI, the BSI and the UK’s Civil Contingencies Secretariat. The setting for this year’s launch was the rather imposing setting of the Grand Committee Room, House of Commons, Palace of Westminster....

Big picture – long picture: the value of horizon scanning

Big picture – long picture: the value of horizon scanning

Blog posts   •   Jan 14, 2013 12:42 GMT

How can you ensure that your BCM programme and resources are allocated in a way proportionate to the current and potential threats that the company is and will be facing? That’s a real question one of our members faced last year from her senior management team.