IBM’s annual Cost of a Data Breach Report shows that the global average cost of a data breach amongst analyzed organizations reached $4.88 million in 2024, as breaches grow more disruptive and further expand demands on cyber teams.
Operational risk
The latest operational risk management news, articles, research, and reports.
HP Inc. has released the findings of a global survey highlighting the growing concern over nation-state threat actors targeting physical supply chains and tampering with device hardware and firmware integrity.
A new paper from the Cloud Security Alliance’s AI Technology and Risk Working Group discusses the importance of AI model risk management and explores the core components of a framework for model risk management.
The US NIST has published a new guidance document to help smaller businesses use its Risk Management Framework.
Aon has released the findings of its inaugural Business Decision Maker Survey, which found that 72 percent of business decision makers feel their businesses aren’t moving fast enough to address risks associated with global megatrends
The Basel Committee on Banking Supervision (BCBS) has issued a consultative document proposing Principles for the sound management of third-party risk in the banking sector.
New research has found that 78% of chief internal auditors believe AI will negatively impact cyber security and data security, while 58% say it will exacerbate fraud.
The Australian Prudential Regulation Authority (APRA) has published the final version of its Prudential Practice Guide [to] Operational Risk Management (CPG 230).
An open access paper published in the journal Risk Analysis explores the cascading impacts of AI-driven cyber attacks.
The opportunities are compelling but, explains Akber Datoo, to mitigate the significant risks associated with AI chatbots, it is vitally important to build the skills and knowledge to use AI legally, ethically, and effectively while maintaining data confidentiality.