Cyber Resilience Perspectives
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Read morePerspective Putting Data-Based Insights at the Core of Your COVID-19 Strategy The COVID-19 pandemic’s rapid global spread brought business as usual to a screeching halt. Social distancing measures, essential to slowing the spread of the disease, compelled many organizations to alter their operations and/or rethink how they do business. -
Read morePerspective HR’s Increasingly Important Role in Cyber Risk Management Long a marginal player in many organizations’ cyber risk efforts, the HR function is becoming increasingly important to many aspects of cyber risk management. A more active regulatory environment, the pervasive use of technology and devices in the workforce, and the prioritization of a strong cybersecurity culture are spurring the change. We advocate for HR’s role as a key stakeholder in managing cyber risk, and the need for its close alignment with IT/InfoSec to protect organizations from technology, data, and cyber risks. -
Read morePerspective GDPR Turns Two as Privacy Regulatory Momentum Grows Globally When the EU’s General Data Protection Regulation (GDPR) took effect in May 2018, it marked a major turning point in data privacy regulation. Two years later, interpretation and enforcement of the GDPR continues to evolve, while data privacy regulation has expanded to become a truly global issue, with new or strengthened regulations in almost every major market. We survey notable privacy regulation developments in a dozen regions and examine the challenges for organizations as they try to keep pace with a fragmented and sometimes conflicting regulatory landscape. -
Read morePerspective Cyber risk grows as criminals exploit coronavirus crisis The coronavirus crisis is shuttering schools, businesses, and entire communities in an effort to slow the spread of the pandemic -
Read morePerspective With CCPA Enforcement Quickly Approaching, Now Is the Time to Prepare and Measure its Potential Impact In less than two months, the privacy protections enacted in the California Consumer Privacy Act (CCPA), a first-of-its-kind law for the US, will start to be formally enforced. Businesses — many of which are focusing on the COVID-19 pandemic — have called on California’s attorney general to delay enforcement, citing limited resources because of the pandemic and uncertainty about the law’s final regulations. Whether CCPA enforcement commences as planned on July 1 or is delayed, organizations — including those not based in California but with customers in the state — must prepare for what could be significant financial implications, including potentially severe penalties for noncompliance. Risk professionals and others must quantify their organizations’ exposure to the CCPA and other privacy regulations to articulate potential losses and manage financial risks. While quantifying all risks in financial terms should be a priority, calculating even approximate financial exposures from the CCPA is bound to be complicated due to lack of historical data. Still, companies can assess their potential exposure by taking the following three actions. -
Read morePerspective Redefining Enterprise Risk in a Post-COVID-19 Environment The COVID-19 crisis has outpaced the resiliency mechanisms of most global businesses, bringing two related elements into stark relief: First, the degree of businesses’ hyper-connectivity exceeded the comprehension of most organizations. Second, many firms did not account for the risks inherent in the trade-off between efficiency and resiliency. Together, these two dynamics have revealed a degree of fragility within organizations—and indeed, the overall system—previously thought impossible. Whether or not we face a second wave of the pandemic, systemic threats—such as climate change and cyberattacks—demand new approaches to managing risk at the board level. -
Read morePrespective Cybersecurity After COVID-19: 10 Ways to Protect Your Business and Refocus on Resilience In the wake of the COVID-19 pandemic and the resultant implementation of social distancing directives, altered business processes, and new economic realities, businesses must review and address their technology infrastructure and cybersecurity measures. -
Read moreReport COVID-19 Risks Outlook: A Preliminary Mapping and Its Implications Economic distress dominates companies’ top concerns, yet leaders must act now to address the knock-on effect of far-reaching environmental, societal, and technological risks -
Read morePerspective We need to start teaching young children about cybersecurity In this era of rapid technological advancement, children need to immerse themselves in technology at a young age in order to start learning the skills they will use throughout their lives. -
Read moreWebinar Cyber Risk in the COVID-19 Pandemic Webinar This webinar looks at the impacts of COVID-19 on the cyber threat landscape -
Read morePerspective Cyberattacks: The Increasing Risk For Retail Cyberattacks are an unfortunate reality and major source of damage in today’s digitally focused business environment. Successful cyberattacks have the potential to cripple companies through significant legal fines, reputational repercussions, and overall financial strain. The financial impact of attacks on retailers have reached hundreds of millions in the past. As retailers increasingly shift to a digital environment — and particularly as COVID-19 accelerates online purchasing — it is more important than ever for retailers to invest adequately in cybersecurity safeguards. -
Read morePodcast We Are All a Firewall During COVID-19 Paul Mee, Partner in Oliver Wyman's Digital & Financial Services joins Charlie Hoban from Oliver Wyman's Health & Life Sciences, to discuss cybersecurity best practices for healthcare leaders operating in a never before seen pandemic mode -
Read moreWebcast Winning The Digital Transformation Race Traditional businesses, especially those threatened by competition from technology companies, must adapt through digital transformation to stay in the game and be successful. This imperative has acclerated with the he emergence of COVID-19. But as traditional firms aim to transform, they must overcome the challenges associated with decades-old approaches, legacy systems, deeply embedded processes and capabilities, and deliberate execution and decision-making cultures. -
Read morePerspective Cyber Risk Grows as COVID-19 Spreads With millions of employees now working remotely, security and IT teams subject to new and heightened demands, supply-to-demand volatility, and escalating psychological stress, cybercriminals have begun to actively exploit this crisis -
Read moreEvent Building Digital Resilience in the Energy Transition Webinar Series 2020: March 10, April 21, June 2 -
Read moreReport Winning the Cyber Risk Challenge Digitalization is outpacing cyber defenses, presenting paramount risks to Energy/Power sector’s critical assets. The increasing exposure to more sophisticated cyber adversaries is further complicated by internal and external risk vectors
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For fast onset #risk events, it is vital to both construct a story as a platform for response but also avoid assumptions that may misconstrue how the crisis may evolve. https://t.co/R1oGrJjYXM via @MMC_Global #security #economy https://t.co/ZW46qOWDsp
#Remoteworking has seen significant growth compared to pre-#COVID19 rates. @mercer highlights their latest #flexibleworking results in this infographic: https://t.co/H7m0Zpnvns #futureofwork https://t.co/LHrxYAYWDH
There are 2 factors driving the treasury's greater strategic role at organizations during #COVID19 — liquidity management and managing cash. Our latest research with @AFPonline shares insight: https://t.co/RKDTUfGHkP #economy #treasury https://t.co/EWGOUQfFgM
Our collective ability to build #resilience and rebound from a #crisis depends on the distinctly human capability for proactive planning and navigating new. Disha Kausal of @mercer shares insight via @BRINKNewsNow: https://t.co/MAeMrS96hW #COVID19 https://t.co/z3OobaKZKu
Like any technology-based solution, there are inherent risks that should be considered as digital tools continue to expand in use. @TamaraMcCleary, @CyberBob1166 and @tkreagan share insight in our latest podcast: https://t.co/OGyUa6cLmw #cybersecurity #data #health https://t.co/BRciXdxqRw
Is active #aging the answer to the #retirement funding gap? @mercer shares insight: https://t.co/60Di5NEgjW #longevity https://t.co/GWI3USTi3E
There's a new #risk for those in the #retail and #restaurant industry as customers grow in fatigue and negligence for #COVID19 safety measures. @MarshGlobal shares more: https://t.co/ddxObTPW8L https://t.co/IxfaaEuYaG
Moving from predictions to surfacing the best course of action in real time is the transformation needed for meaningful change. @SamOnHealth of @OliverWyman shares the importance of #AI in #healthcare via @BRINKNewsNow: https://t.co/kPnU6JuNTT #machinelearning #COVID19 https://t.co/lqEPYRI3e6
Payer-provider coordination can minimize unnecessary and excessive use of care in the Asian #healthcare system. @OliverWyman shares how next-generation #enablement capabilities can better address patient needs and improve care quality: https://t.co/W49VrfGIF2 https://t.co/Rxgr5gFU7r
Did you know that 61% of people trust their employer to look after their #wellbeing? Learn more via @mercer: https://t.co/AYiwf7Q0VL #mentalhealth #health #futureofwork https://t.co/oYn8QDibM9