resilience starts with information
Top 10 global business interruption risks
While business interruption repeatedly heads up the list of the greatest risks to businesses globally, newspaper headlines may be preventing leaders from identifying the causes to fear most.
In the great global pantheon of corporate risks, business interruption in all its many forms still ranks as the most prevalent and feared.
For its 2018 Risk Barometer report, global insurance firm Allianz sampled 1900 business respondents in 88 countries. While general business interrupters (including supply chain failures, natural disasters and factory fires) remain the top risks for companies worldwide (42 per cent of respondents), cyber risk (number two, with 40 per cent of respondents) is the most feared. Five years ago, it ranked just 15th…
85% of organisations could not survive without mission-critical IT systems – report
New research shows that 85% of organisations could not survive for longer than four weeks without mission-critical IT systems. Following TSB’s “IT meltdown” a couple of weeks ago, where poor upgrades to its online banking platform left several thousand customers able to access others online banking accounts, this research highlights the reliance that all businesses have on technology and equally the challenges that exist when it is no longer available to them…
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