Operational Risk
Legal and Regulatory
Hackers using stolen insurance documents to tailor ransomware demands
Cyber criminals are using stolen insurance documents to extort the maximum ransom from their victims, with one such group declaring, ‘we are very well informed and precise in our operations, so we know that Wootton have cyber insurance that reaches £500k’
Directors face rising compliance and enforcement risk as ECCTA rules bite
New ECCTA rules bring mandatory identity checks and tougher anti-fraud obligations, raising compliance and enforcement risks for UK directors at a time when many admit gaps in their statutory knowledge.
Case study: How STMicroelectronics embedded double materiality into enterprise risk
When the CSRD brought in a new level of rigour for ESG reporting, STMicroelectronics saw the challenge as an opportunity. At a Risk-!n session, the risk team outlined how they embedded double materiality into their enterprise risk processes – fusing sustainability with strategy.
Business urge governments across the globe to accelerate energy transition plans
New landmark report shows businesses are prepared to relocate if governments fail to prioritise energy transition plans. Here’s what risk managers need to know
Interview: Five minutes with David Arick, the new president of RIMS
As David Arick begins his new role as RIMS president, StrategicRISK caught up with him to find out about his top priorities for his tenure and how he thinks the profession can evolve to meet the challenges of the future.
![Luke Carrivick[48]](https://d9x705hv73pny.cloudfront.net/Pictures/460x307/0/5/2/115052_lukecarrivick48_520631.jpg)
Why it’s time to transform operational risk
Gone are the days when digitalisation was a competitive edge. Today, it’s the minimum requirement to survive, says Luke Carrivick, executive director, ORX
SR 500: Cyber resilience takes centre stage
Previously a back-office function, resilience in the digital space is now in the spotlight. At an SR:500 roundtable in asssociation with Marsh, risk leaders explored how AI, regulation and culture are highlighting new strategies and demanding board-level attention.
Spotlight on: the risks facing the global retail sector
Many have rung the death knell for retail over the years, but the sector isn’t dying – it’s just changing. Retail risk managers have their hands full, managing disruptors like AI integration and the next generations’ consumer habits, alongside supply chain issues and loss prevention. Trevor Treharne reports.
DORA: The buck now stops at the top
In a new regulatory era heralded by DORA, accountability is on a whole new level. If you are a decision-maker, you could be held responsible for compliance failures far down your vendor chain. Companies must be insurance ready, warns BHSI’s Koen Cambré and Adrienne Sitbon.
Distraction not dishonesty
Negligence claims against lawyers are growing in severity. Travelers Europe senior risk management consultants Philippa Wilkin and Paul Smith explain why distraction caused by technology could be at the heart of the problem.
Webinar: Harnessing technology & AI for smarter risk identification
Last chance to register for our elevating risk intelligence webinar, in assocation with Origami
In partnership with 
Why risk managers are turning to parametrics to solve operational challenges
As nat cats grow more severe, insurance gaps are widening - but parametric solutions might hold the key to resilience, says Dianna Nelson, a senior structurer at Swiss Re Corporate Solutions
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