Impact of cyber attacks continue to increase on a global level: Global Risk Index 2019
The 2019 Global Risk Index sees a further increase in the level of global risk, with expected loss increasing to 1.57% (or $577 bn) of global GDP, from 1.54% in the 2018 Global Risk Index. This rise has been driven … Continued
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 … Continued
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 … Continued
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 … Continued
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 … Continued
Realising 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 … Continued
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 … Continued
Pandora Event Bulletin: GDP@Risk in Houston
Please read the latest update of this evolving story.
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 … Continued
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, … Continued