In addition to cyber we are now faced with a new array of emerging risks from disruptive technologies
The Institute of Directors says two key themes – IT and people – dominate its annual Directors’ Risk Survey report.
From external, to internal, to emerging risks, directors raised concerns about cyber, IT disruption, the loss of a key person, talent attraction and retention, according to the report, which was produced in conjunction with Marsh.
Marcus Pearson, country head for Marsh New Zealand, says when the first Directors’ Risk Survey came out in 2013, cyber risks were perceived to be an emerging risk, or did not have an impact on businesses on a daily basis.
Five years later, cyber is the number one external risk and the number one emerging risk, he says.
“In addition to cyber we are now faced with a new array of emerging risks from disruptive technologies,” he says. “Artificial intelligence, blockchain and robotics are all set to interrupt and/or revolutionise the way we do things.”
Often referred to as the 4th Industrial Revolution, these…
