Information management

Enhanced cyberrisk reporting: Opening doors to risk-based cybersecurity

Jim Boehm, James M. Kaplan, Peter Merrath, Thomas Poppensieker and Tobias Stähle New cyberrisk management information systems provide executives with the risk transparency they need to transform organizational cyberresilience. Executives in all sectors have deepened their understanding of the dangers cyberrisk poses to their business. As hacks, cyberattacks, and data leaks proliferate in industry after industry, a holistic, enterprise-wide approach to cybersecurity […]

5 Risks for Legal and Compliance Leaders to Watch in 2020

The Gartner Legal and Compliance Hot Spots report identifies the top risk trends legal, compliance and privacy leaders should focus on in the next two years. The adage “The only constant is change” is one with which legal, compliance and privacy executives are all too familiar. Technological advancement is a primary, most obvious, driver of such change, creating both efficiencies […]

The risk-based approach to cybersecurity

Jim Boehm, Nick Curcio, Peter Merrath, Lucy Shenton and Tobias Stähle The most sophisticated institutions are moving from a “maturity based” to a “risk based” approach for managing cyberrisk. Here is how they are doing it. Top managers at most companies recognize cyberrisk as an essential topic on their agendas. Worldwide, boards and executive leaders want to know how well cyberrisk […]

Controlling the digital risk / Maîtrise du risque numérique

This guide owes its existence to the following observation: the digital risk that bears down increasingly every day on organisations can go as far as putting their very survival in peril and the one of their stakeholders. According to ANSSI (National Cybersecurity Agency of France) and AMRAE (French Association for Risk Management and Company Insurance), this must be considered as […]

Technology & Society

Information Paradox : Drowning in Information, Starving for Knowledge

Technology & Society We are living in an age of information. Staggering amounts of information are collected, stored, and widely disseminated. Yet, we may be less informed and less knowledgeable than ever. This paradox of increasing information, yet decreasing knowledge and insight, has many possible causes, some of which are subtle and difficult to identify, and even more difficult to […]

“Human beings are the biggest risk to innovations”

Inaugural lecture Mariëlle Stoelinga. The Dutch have no problem texting while cycling and are happy to install solar panels, but are troubled by nuclear energy and afraid of terrorist attacks. These are just a few situations in which people act and react based on intuition instead of reason. Because looking at the statistics, one can see that a terrorist attack […]

Cyber risk measurement and the holistic cybersecurity approach

McKinsey&Company. Comprehensive dashboards can accurately identify, size, and prioritize cyberthreats for treatment. Here is how to build them. Damaging cyberattacks and streams of suspicious digital communications have made cybersecurity a top concern of the world’s business leaders. So say the overwhelming majority of responding board members in a recent McKinsey survey. Their answers are further evidence that cyber risk is […]

Insider threat: The human element of cyberrisk

Tucker Bailey, Brian Kolo, Karthik Rajagopalan and David Ware | McKinsey&Company Cyber programs often miss the significant portion of risk generated by employees, and current tools are blunt instruments. A new method can yield better results. Insider threat via a company’s own employees (and contractors and vendors) is one of the largest unsolved issues in cybersecurity. It’s present in 50 percent […]

Cybersecurity and Cyberwar: What Everyone Needs to Know

By: Peter W. Singer, Allan Friedman | Oxford University Press Dependence on computers has had a transformative effect on human society. Cybernetics is now woven into the core functions of virtually every basic institution, including our oldest ones. War is one such institution, and the digital revolution’s impact on it has been profound. T he American military, which has no peer, is […]

The future of risk management in the digital era

By McKinsey&Company. We collaborated with the Institute of International Finance (IIF) and more than 50 institutions around the world, including banks, regulators, and fintechs, to explore critical questions on the future of risk management. This report aims to answer these questions and shares insights to help organizations navigate a digital transformation of the risk function—now and in the long term. […]