In today’s business environment, risk is a constant companion for every company – a reality which requires entities to identify the basic elements of risk and to explore how these elements can affect the potential for mission success. Risk management policies and procedures deployed by companies to manage the range of risks they face – which can include financial, strategic, operational, environmental, technological, political, economic and regulatory, among others – are of paramount importance. Of course, the more successfully a company manages risk, the more successful and fruitful its business will be – driving it forward toward growth and sustainability and helping militate against the threats posed by increasing regulation and volatile global economies.
FORUM: Ransomware risk management
FW moderates a discussion on ransomware risk management between Paul van Kessel at EY, Raj Samani at Intel Security, Jonathan C. Trull at Microsoft, and Simon Edwards at Trend Micro.
Leading cyber security from the boardroom
Advent IM Ltd. According to Elizabeth Denham, the UK Information Commissioner, “Cyber security is not an IT issue, it is a boardroom issue. Companies must be diligent and vigilant. They must do this not only because it is their duty under law, but because...
Shook, Hardy & Bacon L.L.P. Every chief information security officer (CISO) and in-house lawyer responsible for data security legal issues should take an hour and read the New York State Department of Financial Services Cybersecurity Requirements for Financial Services...
Cyber security is creating significant cyber insecurity: new EU regulation only adds to the anxiety
Edelman In a survey just released by the Economist Intelligence Unit, 53 percent of the executives that were asked what type of crisis had the greatest impact on their firm’s reputation cited cyber attacks. And when asked which crisis threatened financial value...
The changing landscape of corporate risks
Allianz AG Which global risks are most feared by businesses? It turns out there are plenty but the upshot of any risk is that which is most worrisome: business interruption (BI). As they face increasing uncertainties, businesses are more sensitive to distractors that...
What companies can learn from the DOJ’s approach to evaluating corporate compliance programmes
Miller & Chevalier Chartered In late 2015, the US Department of Justice (DOJ) Criminal Division Fraud Section kicked off a compliance initiative with the hiring of a full time compliance expert whose role is to “help prosecutors develop appropriate benchmarks...
Risk management trends and developments: what are leading asset managers and investors now doing?
Global Risk Management Advisors, Inc. In the proverbial ‘beginning’, formal risk management – which entails not only measurement and reporting of risks, but, also, prudent management and governance of risks – was primarily only practiced by a select number of large global...
Brexit: the legal contract review and repapering dilemma
D2 Legal Technology With considerable uncertainty over the future of the UK’s relationship with the European Union (EU) after the conclusion of the exit negotiations, financial institutions are in the midst of a complex risk assessment exercise. From the risk of lost...
Supply chain risks under US and EU sanctions and export controls
Reed Smith Firms with international supply chains confront a complex web of sanctions and export controls imposed by the US and the European Union (EU), among others. To avoid getting caught in this web, it is essential that companies...
Litigation risk for companies which historically used fluorinated chemicals in manufacturing
Clark Hill PLC For several decades, manufacturing companies have used perfluorooctanoic acid (PFOA) and other long-chained perfluorinated compounds – compounds with extended perfluorinated alkyl chains greater than or equal to eight carbons...
Get ahead of the curve with IFRS 15 & 16 compliance
Tagetik UK With the introduction of new International Financial Reporting Standards (IFRS) just over a year or two away, companies should be gearing up for changes that may cause some upheaval. Largely principles-based, IFRS...
The ‘nuts and bolts’ of D&O insurance in Germany
Berner Fleck Wettich Most multinational corporations have placed directors and officers (D&Os) liability insurance policies with worldwide cover in their home country. This can leave D&Os serving on supervisory and executive boards of subsidiary companies in Germany...
CONTRIBUTORS
Advent IM Ltd.
Allianz AG
Berner Fleck Wettich
Clark Hill PLC
D2 Legal Technology
Edelman
EY
Global Risk Management Advisors, Inc.
Intel Security
Microsoft
Miller & Chevalier Chartered
Reed Smith
Shook, Hardy & Bacon L.L.P.
Tagetik UK
Trend Micro