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Cities at risk: Top threats affecting global urban centers

riskacademy — Tue, 03 Nov 2020 09:14:22 +0000

Johannesburg

Top threats: Civil conflict, sovereign default and market crash
Lloyd’s analysis: “On the one hand Johannesburg can be viewed as a global city with a key role in the southern hemisphere economy and a gateway to the African continent for business and investment. On the other, there is a risk of growing polarization as efforts to address social problems cannot keep pace with health epidemics, corruption, the social inequalities that are a legacy of apartheid, the growing threat of social unrest and tensions surrounding the volume of migrants from a wide African diaspora.”
(Photo: iStockphoto)

London

Top threats: Market crash, flood and cyber
Lloyd’s analysis: “Economic differences between London and the rest of the U.K. are reflected in higher average incomes and areas of particularly high house prices. London, like New York, faces the challenge of housing shortages and unaffordability. London is a smart city leader, highly connected internationally with well-developed infrastructure and services. This includes extensive digital connectivity generating large volumes of user data and enabling disruptive technologies, and new ways of working and…

How project managers can help companies better navigate security risks from COVID-19

riskacademy — Thu, 03 Sep 2020 22:03:30 +0000

Social distancing and remote working during COVID-19 have increased cybersecurity risks for companies worldwide, increasing the need for project managers to work on more security-related efforts.

Image: dj_aof, Getty Images/iStockphoto

Recently, Deloitte announced that it has observed: “a spike in phishing attacks, Malspams, and ransomware attacks as attackers are using COVID-19 as bait to impersonate brands thereby misleading employees and customers.” With cybercriminals around the world capitalizing on this crisis, security gap identification and resolution projects will become a frequent focus for project managers. The good news is project managers often excel under pressure and can be highly valuable assets to information security and internal audit teams.

SEE: Cybersecurity: Let’s get tactical (free PDF) (TechRepublic)

Working with internal auditors

Internal auditors have a unique view of organizations for virtually every vantage point. They…

Report: Most companies unaware of third-party IoT security measures

riskacademy — Fri, 12 Jun 2020 21:15:51 +0000

Only 37% of “high performer” organizations monitor the risk of IoT devices used by third parties, and current IoT risk-management programs can’t keep pace, study said.

Image: Getty Images/iStockphoto

Most organizations are unaware of what tracking and safeguarding their third-party Internet of Things (IoT) vendors have in place, according to the fourth annual IoT study by the Ponemon Institute and Shared Assessments. The report provided new insight into the growing deployment of IoT devices across supply chains and the ensuing risk.

Professionals whose main responsibilities lie in their organization’s third-party risk-management (TPRM) were surveyed, giving insight into the state and “mind-set” of business in regards to TPRM.

SEE: Research: Why Industrial IoT deployments are on the rise (TechRepublic Premium)

Improvement needed

It’s also very evident that there is an “acute need for IoT risk management improvement,” because an organization’s current…