Q2 2016. CEB Risk Management Leadership Councilâ¢. Drones, the Internet of ... The risk that rapid expansion of innovat
Top 10 Emerging Risks Q2 2016 CEB Risk Management Leadership Council™
Drones, the Internet of Things, contractors’ actions that hurt your company’s brand, malware that locks your data and extorts payment for restoring access: risk, audit, and compliance executives tell us every quarter about the threats they see looming on the horizon. These are the most recent results.
Risk Name
Definition
Technological
The risk that rapid expansion of innovative solutions, such as drone technology or the Internet of Things, will challenge traditional business models and their operations
Evolving Customer
The risk of organizations not developing new customer-oriented strategies or products to accommodate customers’ rapidly changing expectations in the technology-driven economy
Vendor Relationship
The risk of operational failures, reputation damage, and exposure to significant commercial losses and fines as a result of vendor/third-party actions
4 Political Landscape
Unpredictable
The risk that a rise of perceived radical leaders on the right and the left will lead to increased uncertainty and instability in global markets
5 Ransomware
The risk that malware installed on your network would allow criminals to encrypt your data, preventing access to it, and extort your organization for the decryption key.
1 Disruption
2 Expectations 3 Management
Energy
6 Price Shock Supply Chain
The risk that persistently low oil prices will increase the fragility of the global economy and lead to financial damages for the business community
7 Disruption
The risk that disruptions in the supply chain will affect the organization’s operations
8 Asset Bubble
The risk that an asset bubble (equities, real estate, government bonds) will materialize and create systemic shocks similar to the 2007–2008 financial crisis
US Monetary
9 Policy Uncertainty 10
Ineffective Millennial Engagement and Retention
The risk that the US Federal Reserve’s decision to increase interest rates, coupled with extreme market volatility, will lead to an uncertain interest rate environment and an inability to adequately prepare for the resulting impact on the global business community The risk of organizations not having adequate strategies to attract, develop, and retain the increasing millennial workforce
n = 81. Source: CEB Q2 2016 Emerging Risk Survey.
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