War in Ukraine: scenarios, outlooks, and implications for business
Russia’s attack on Ukraine has continued to intensify in and around all major Ukrainian cities as Putin moved almost all the forces he had positioned at the border into the country while the use of artillery, rockets, and missiles to … Continued
How well did economic models perform in the COVID-19 economic crisis?
This article compares forecasts from 2020 with actual outcomes. You can view the latest economic forecasts from the Cambridge Centre for Risk Studies by visiting the Cambridge Business Risk Hub. By Dr Scott Kelly, Senior Risk Researcher, Cambridge Centre for … Continued
Three ways to hack the election (and every election to come)
The advances in internet communication have allowed for thoughts and ideas to flow from one continent to the next, pushing education, medicine, and new discoveries further and faster than ever before. In an ideal world, this platform would be used … Continued
Shen attack cyber risk scenario: up to $110 billion at risk from maritime malware attack
What would be the impact on insurers and the global economy if key ports in Asia-Pacific were closed as a result of a cyber attack? Our new scenario report explores the impact of a hypothetical computer virus which closes up … Continued
How Turkey’s new offensive into Syria threatens world order
Turkey’s recent military offensive in Syria, which began last week, has complicated the balance of power in the Middle East and exacerbated the fractures in NATO. Knock-on effects include intensifying an already standoffish relationship between the US Congress and President … Continued
California’s wildfire mitigation is a risky gamble
On the evening of Wednesday, 9 October, Pacific Gas & Electric began the process of cutting off the electricity supply for 2.4 million Californians in order to diminish its wildfire risk. Meteorological forecasts suggested dry, gusty winds in certain areas, … Continued
The attack on Saudi Arabia’s oil industry increases the risk in every sector
A suspected missile attack against Saudi Aramco holdings in northern Saudi Arabia on the morning of Saturday, 13 September has further enflamed geopolitical tensions in the region. Saudi Aramco is a strategically-vital pillar of industry for the kingdom and important … Continued
What was the cost of Friday’s UK power outage?
Power outages have significant impacts on business continuity. They lead to reduced foot traffic, damaged perishable inventory, and an inability to process payments or communicate with customers. The three-hour outage in England and Wales on Friday, 9 August, demonstrated the … Continued
The next decade in risk: technology risks
Looking back at the last decade of cyber risk offers insight into what can be expected for the future growth of technologies and vulnerabilities. The most expensive cyber attacks of the last decade were both contagious malware events that struck … Continued
The next decade in risk: geopolitical and security risks
Geopolitical conflict is one of the oldest risks known to society and yet a simple explanation of its various causes, impacts, and solutions continuously eludes us. We have acquired a general understanding that the legacy of protracted conflicts in the … Continued