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Volume 31, Issue 2

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Wednesday, 03 January 2018 15:07

3 New Risk Management Trends for 2018

So 2017 is in the rear-view mirror, and here comes 2018, all bright-eyed and bushy-tailed. What should we be ready for this year in terms of risk management trends? Here are three that are likely to have an outsized impact:

  • Cyber security risks will continue and get more dangerous. Maintaining information and network security will grow even more challenging.
  • The cloud will bring risk. The increased dependence on cloud-based services is creating a new kind of risk that many companies have yet to address. 2018 is likely to see a deepening engagement with the vulnerabilities caused by this new reality.
  • New rules will bring unexpected risks. As companies adapt to the new regulatory regimes, the changes they are obliged to make will create unexpected new dangers.

The traditional threats to business operations from nature, people, and technology are still out there and will doubtless rear up and make themselves felt in 2018. These will include bad weather, employee mistakes, and so on. But in terms of new risk management trends, the three developments mentioned above are likely to be especially prominent. We’ll take a closer look at each one below.