Cyber-security risks and the increasing awareness, occurrence, and impact of cyber incidents confronting corporations are a rapidly growing concern to investors, senior executives, and policy setters. Driving this concern are unprecedented corporate dependencies on digital technologies which are growing at an exponential rate. Indeed, the impact of digital technologies on today's corporations are beyond what would have imagined at the turn of the 21st century, let alone two or three decades ago. Unfortunately, determining the actual, let alone potential, cyber security risks an impact of cyber incidents confronting corporations is far from an exact science.

The ability of businesses to survive and thrive often requires unconventional thinking and calculated risk-taking. The key is to make the right decisions-even under the most risky, uncertain, and turbulent conditions. Given the economic conditions of the last couple of years, surviving and thriving is what it's all about. To help senior executives and boards get smart about risk management and improve decision-making skills, Deloitte's book Surviving and Thriving in Uncertainty was published.

The European Parliament has taken a first step toward harmonizing risk management for insurers in the European Union by approving the Solvency II framework. But delegates quashed stronger plans for cross-border regulation. Listen and learn more.

Identify Risks by Source: Defining risks by outcome instead of by source often confuses risk scenario development and results in poor decision-making. Categorize Risks at the Same Level of Granularity: Risks can be missed or wrongly assessed if they are categorized at too high or too low a level.

Primary GRC Challenges: GRC Ownership: It should be shared across the organization. Sustainable Compliance: Leading companies have begun to develop a road map towards sustainable compliance. Primary GRC Trends: Acceptance of GRC: There is an increasing recognition that Governance, Risk and Compliance should be integrated. 

The focus on risk management has never been greater, especially for those tasked with governance. Effective risk management is essential to achieving growth goals and sustainable success. Corporate board directors are taking a more active oversight role, but many still struggle with how to put risk governance into action.

In this lunchtime series of lectures, a selection of LSE's academics from across the spectrum of the social sciences explain the latest thinking on how social scientists work to address the critical problems of the day. They survey the leading ideas and contributions made by their discipline, explain the types of problems that are addressed and the tools that are used, and explore the kinds of solutions proposed.

Risk managers armed with the most sophisticated quantitative tools available did not foresee the biggest development in a generation -- the systematic breakdown and global contagion of financial markets. In an interview with Knowledge@Wharton, John Drzik, president and CEO of the Oliver Wyman Group, Richard J. Herring, a finance professor at Wharton, and Francis X. Diebold, a Wharton professor of economics, finance and statistics, discussed how to build a more informed risk management model.

Wall Street. Rescate. Riesgos.Todo el mundo habla de ello, pero ¿qué significa exactamente? No parece existir acuerdo sobre esta cuestión. ¿Cómo es posible que los expertos estén estudiando exactamente el mismo fenómeno, y vean cosas totalmente distintas? ¿Quién tiene razón y quien no? Por ejemplo, en el caso del riesgo financiero, ¿qué es, y cómo deberíamos reaccionar ante él en la actualidad? ¿se trata de una moda más, o es realmente una prometedora fuente de innovación y beneficios?

El índice MSCI de mercados emergentes ha perdido la cuarta parte de su valor en los últimos 3 meses, fundamentalmente por miedo al riesgo, espoleado por la crisis financiera norteamericana, y el alza del dólar frente al euro y la libra, lo que tradicionalmente ha perjudicado a los mercados emergentes. Pero, ¿qué está ocurriendo realmente? ¿dejarán los mercados emergentes de ser un refugio seguro?

Desde principios de los 90, el volumen de datos e información que guardan las empresas ha crecido de forma exponencial. Gran parte de dicho volumen alimenta procesos internos y reporting externo mediante formas que crean riesgos y ofrecen oportunidades por descubrir. Robert Hillard, líder global en Soluciones de Gestión de Información de Bearingpoint expone dichos riesgos, y la necesidad de adoptar estándares en gestión de la información.

Paul Danik, director of global field marketing habla con Sandeep Vishru, managing director of financial services and risk management de BearingPoint, sobre el working paper que su equipo acaba de publicar sobre la gestión del riesgo en procesos de externalización, "Managing risk to improve offshoring results".