Global survey of business leaders reveals pandemic-associated risks are currently top-of-mind, while technology disruptions and the future of work are concerns for the next decade
February 3, 2021
Board members and C-suite executives around the globe are most concerned in 2021 with risks associated with COVID-19-related government policies and regulations, economic conditions that may restrict growth and market conditions that may continue to impact customer demand, according to a new survey from Protiviti and North Carolina State University. Amid these near-term headwinds, when asked about top concerns through 2030, business leaders cite challenges that ultimately ladder up to talent. High ranking risks – including the adoption of technology that requires new or upgraded skills, rapid innovation that threatens business models and the reimagining of creative strategies – point to a need to attract and retain top talent and invest in reskilling and upskilling workforces to ensure agility and resilience in the future.
The 10th Allianz Risk Barometer 2021 survey reports potential disruption and loss scenarios companies are facing; this year's top three business risks all relate to the coronavirus pandemic: business interruption (#1 with 41% responses); pandemic outbreak (#2 with 40%) and cyber incidents (#3 with 40%).
Anti-government extremists known as sovereign citizens present many domestic threats. Read on to learn more about this homeland security threat, along with key issues security leaders and law enforcement should consider exploring to combat the risks.
Fake news, which is promoted by social media, is common in elections and it continues to proliferate in spite of the somewhat limited efforts social media companies and governments to stem the tide and defend against it. It is only a matter of time before these tools are redeployed on a more widespread basis to target companies, indeed there is evidence of this already happening. University College London has come up with a tool to detect fake news before it becomes a problem.
Eric Holmquist joined Customers Bank as Executive Vice President and Chief Risk Officer. Holmquist has more than thirty-five years of financial industry expertise, spanning enterprise risk management, executive reporting, information management programs, and is skilled in creating operational efficiency and risk alignment.
With the rapid growth of business travelers, especially millennial business travelers, companies often find it difficult to manage travel safety, health and security of their employees. This rapid growth also brings changes to the diverse composition of a mobile workforce and the risks associated with it. As the modern workforce continues to grow, there is no one-size-fits all approach to answering questions surrounding workplace law and lesbian, gay, bisexual, transgender and queer or questioning (LGBTQ) employees.
Applying security technology to business continuity and operational efficiency was a major theme for 2018, and will be especially important in 2019. As technology is an integral part of business operations - and with cybersecurity risks at an all-time high - many organizations are utilizing their security platforms beyond traditional applications to improve operations and increase efficiency.