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Risk Horizon Scanning Report 2013
Wednesday, 13 February 2013 11:28

The latest BCI Risk Horizon Scanning Report has been released. The report surveyed business continuity practitioners from all over the world on the near term business threats that they are concerned about.

The outlying finding of the report is that the digital age is continuing to bring new challenges to organisations around the world, with cyber attacks and data breaches worrying them the most. Lyndon Bird, technical director at the BCI commented that 'the cyber threat is a critical issue that boards and policy makers have yet to get to grips with'. That is one of the conclusions from this groundbreaking global research project carried out by the Business Continuity Institute (BCI). The cyber threat is one of five key threats alongside data breach, unplanned IT and telecom outages, utility supplies and adverse weather revealed in this study.

In regards to the underlying drivers of disruption, the survey indicated that increasing supply chain complexity is a major challenge, and concerns over a future pandemic is consistently affirmed across sectors and geographies. However, the standout trends of concern are all Internet related: the use of the Internet for malicious attacks, the influence of social media and the prevalence and high adoption of Internet-dependent services.

Howard Kerr, Chief Executive of the British Standards Institute states, "Developing your cyber resilience must be an integral part of an organisation's wider business resilience strategy. Those that fail to act are at risk of sleep walking towards a reputational time bomb. By putting in place a framework based on risk standards, you will be able to identify, priortise and manage threats more effectively".

This latest Risk Horizon Scanning report shows that businesses need to be more prepared than ever for every type of risk. Through careful management you can mitigate risk, increase recovery speeds and fulfill your regulatory and statutory obligations - helping you minimise the potential impact on your corporate reputation.

Read the full Risk Horizon Scanning Report 2013

EPS Client's Testimonials

EPS provided a first class service in guiding us through the BCM process from start to finish.  We now have a well structured, comprehensive and easy to follow BCM plan, an eager Crisis Management Team and a trusty Battle Bag - all we need now is a crisis!

Chris Ross
Partner, John McKee & Son Solictors

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