CCI staff share recent surveys, reports and analysis on risk, compliance, governance, infosec and leadership issues. Share details of your survey with us: editor@corporatecomplianceinsights.com.
Hogan Lovells: 90% of businesses face moderate to high levels of risk associated with technology
Most companies are revisiting, improving and urgently investing in their technology risk management practices, according to survey findings by global law firm Hogan Lovells, which solicited opinions from 1,500 C-suite executives, general counsels and compliance officers from the U.S., Europe, China and Brazil. The reason for companies’ swift action is clear: More than nine in 10 (91%) are exposed to moderate or high levels of technology-related risk, according to the firm’s report, “The New Riskonomy.”
Still, while almost all companies surveyed have elevated risk levels around technology, the report found that two-thirds of leaders say they could be taking more proactive approaches to these risks.
“Companies across industries are racing to gain a competitive edge through the use of emerging technologies such as blockchain, IoT and AI,” said Des Hogan, the firm’s global head of litigation, arbitration and employment. “At the same time, every transformative technology also presents risk — and these…
