Mapping 500 Trillion Dollars of Insured Exposure

Mapping 500 Trillion Dollars of Insured Exposure

Cambridge Centre for Risk Studies (CCRS) has just completed a two year exercise documenting all the different types of insurance that are available in the market and a classification system for all the assets that they protect. This has been published as a data definitions document v1.0 – a standardized schema for insurance companies toRead more

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Cambridge Global Risk Index 2018 sees 16% increased risk from geopolitical threats

Cambridge Global Risk Index 2018 sees 16% increased risk from geopolitical threats

by Daniel Ralph, Andrew Coburn, Jennifer Copic, Simon Ruffle, Michelle Tuveson. The 2018 version of the Cambridge Global Risk index sees risk up, with expected loss increasing to 1.54% of the world’s 2018 GDP, compared to last year’s index of 1.48% of 2017 GDP. This change is largely driven by an increase in geopolitical risks,Read more

Global Risks Report: making the global into local

Global Risks Report: making the global into local

The Global Risks Report, now in its 13th edition, has become the vehicle for an international discussion of risk linked to the Davos World Economic Forum (WEF) the following week. Its findings in 2018 are generally unsurprising. The overall picture is of increasing uncertainty, especially related to the natural environment and conflict, with somewhat reducedRead more

Chipmageddon: New security vulnerability in modern CPUs could enable the mother of all data breaches

Chipmageddon: New security vulnerability in modern CPUs could enable the mother of all data breaches

As users continue to demand faster performance from computers, chip designers have baked in a serious design flaw that exposes a computer’s internal memory to hackers via two major security exploits, code named Meltdown and Spectre. These exploits allow an adversary to access kernel-level memory without proper security checks, potentially gaining access to passwords andRead more

Realizing Greater Competitive Advantages from Risk Management in a Corporation: Marrying the Upside and Downsides of Risk

Realizing Greater Competitive Advantages from Risk Management in a Corporation: Marrying the Upside and Downsides of Risk

This post was originally written as part of the Institute for Risk Management’s Risk Agenda 2025 – a project investigating the future of risk and risk management in 2025. Dr Tuveson’s post is also available to be read here.  It is a truth universally acknowledged that a corporation in possession of a good fortune isRead more

Pandora Event Bulletin: GDP@Risk in Houston (updated)

Pandora Event Bulletin: GDP@Risk in Houston (updated)

  As this is an on-going event and news story, please check back for regular updates. Pandora scenarios suggest Houston economy could lose $27 to $60 Bn of output as a result of Hurricane Harvey Flooding The economy of Houston, Texas could lose $27-60 Bn of economic output in the next year as result ofRead more

The Age of Ransomware: mitigating the next cyber heartbreak after WannaCry

The Age of Ransomware: mitigating the next cyber heartbreak after WannaCry

A cyber catastrophe has occurred. A little before noon on Friday, 12 May 2017, a highly virulent strain of the ransomware WannaCry (known as WannaCrypt) began to spread through Windows systems worldwide, crippling the NHS healthcare system, Russian government ministries and French automobile plants, and ultimately impacting more than 200,000 computers in 150 countries byRead more

Cyber-extortionists Take a Bite at Apple – Update

Cyber-extortionists Take a Bite at Apple – Update

The Turkish Crime Family (TFC) versus Apple cyber extortion case is unique in being one of the first widely reported incidents of a large tech company being subjected to extortion. TCF claimed access to hundreds of millions of iCloud accounts, which they threatened to wipe if Apple did not pay a ransom (the amount inRead more

Cyber-extortionists Take a Bite at Apple

Cyber-extortionists Take a Bite at Apple

On Friday April 7, a group of cybercriminals calling themselves the ‘Turkish Crime Family’ claim that they will wipe hundreds of millions of iCloud credentials, instantaneously rendering Apple users unable to play or purchase music, use apps, or access email or Cloud file backups, perhaps indefinitely. That is, unless Apple pays the extortionists a ransomRead more

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