Enterprise risk management leaders have named a number of top emerging risks to their organizations, including escalating conflict in Europe, an impending recession, and more.

The Q2 2022 Emerging Risks Report from Gartner surveyed 306 business and risk management executives to determine the latest risk trends affecting enterprises today.

Enterprise risks in Q2 2022

The report identified five risks of concern to leadership:

#1: Macroeconomic downturn: As worries increase concerning a looming recession, enterprise organizations have begun bracing themselves for a new era of economic downturn. Between the conflict in Ukraine and the effects of COVID-19, many geopolitical issues will contribute to this economic phase.

#2: Escalation of conflict in Europe: The Russian invasion of Ukraine continues to greatly affect Eastern Europe and nations around the globe. The cyber and physical aspects of the conflict have affected 91% of enterprises, according to a recent survey.

#3: State-sponsored cyberattacks: Cyberattacks connected to the Russian and North Korean states have been observed targeting European and U.S. organizations in recent years, such as U.S. health organizations and the Italian Senate.

#4: Energy price inflation: Of major concern in the United States and globally is the inflation of energy prices. As energy firms reap record profits, the inflation bubble continues to grow.

#5: Critical material shortages: Affected by many other top emerging risks, supply chain shortages have ramifications throughout enterprise organizations. The absence or shortages of key materials affect not only product availability, but enterprise loss.

Security professionals will play a large role in business continuity and risk management efforts throughout the rest of 2022, especially with additional business risks such as climate change and insider threats targeting organizations.

For more report information, click here.