Methodology for Designing Decision Support Systems for Visualising and Mitigating Supply Chain Cyber Risk from IoT Technologies

This paper proposes a methodology for designing decision support systems for visualising and mitigating the Internet of Things cyber risks. Digital technologies present new cyber risk in the supply chain which are often not visible to companies participating in the supply chains. This study investigates how the Internet of Things cyber risks can be visualised and mitigated in the process of designing business and supply chain strategies. The emerging DSS methodology present new findings on how digital technologies affect business and supply chain systems. Through epistemological analysis, the article derives with a decision support system for visualising supply chain cyber risk from Internet of Things digital technologies. Such methods do not exist at present and this represents the first attempt to devise a decision support system that would enable practitioners to develop a step by step process for visualising, assessing and mitigating the emerging cyber risk from IoT technologies on shared infrastructure in legacy supply chain systems

Model-Based Mitigation of Availability Risks

The assessment and mitigation of risks related to the availability of the IT infrastructure is becoming increasingly important in modern organizations. Unfortunately, present standards for Risk Assessment and Mitigation show limitations when evaluating and mitigating availability risks. This is due to the fact that they do not fully consider the dependencies between the constituents of an IT infrastructure that are paramount in large enterprises. These dependencies make the technical problem of assessing availability issues very challenging. In this paper we define a method and a tool for carrying out a Risk Mitigation activity which allows to assess the global impact of a set of risks and to choose the best set of countermeasures to cope with them. To this end, the presence of a tool is necessary due to the high complexity of the assessment problem. Our approach can be integrated in present Risk Management methodologies (e.g. COBIT) to provide a more precise Risk Mitigation activity. We substantiate the viability of this approach by showing that most of the input required by the tool is available as part of a standard business continuity plan, and/or by performing a common tool-assisted Risk Management

The Global Risks Report 2016, 11th Edition

Now in its 11th edition, The Global Risks Report 2016 draws attention to ways that global risks could evolve and interact in the next decade. The year 2016 marks a forceful departure from past findings, as the risks about which the Report has been warning over the past decade are starting to manifest themselves in new, sometimes unexpected ways and harm people, institutions and economies. Warming climate is likely to raise this year's temperature to 1° Celsius above the pre-industrial era, 60 million people, equivalent to the world's 24th largest country and largest number in recent history, are forcibly displaced, and crimes in cyberspace cost the global economy an estimated US$445 billion, higher than many economies' national incomes. In this context, the Reportcalls for action to build resilience – the "resilience imperative" – and identifies practical examples of how it could be done.The Report also steps back and explores how emerging global risks and major trends, such as climate change, the rise of cyber dependence and income and wealth disparity are impacting already-strained societies by highlighting three clusters of risks as Risks in Focus. As resilience building is helped by the ability to analyse global risks from the perspective of specific stakeholders, the Report also analyses the significance of global risks to the business community at a regional and country-level

Global Risks 2014, Ninth Edition.

The Global Risks 2014 report highlights how global risks are not only interconnected but also have systemic impacts. To manage global risks effectively and build resilience to their impacts, better efforts are needed to understand, measure and foresee the evolution of interdependencies between risks, supplementing traditional risk-management tools with new concepts designed for uncertain environments. If global risks are not effectively addressed, their social, economic and political fallouts could be far-reaching, as exemplified by the continuing impacts of the financial crisis of 2007-2008

Reading between the lines: Legal risk mitigation by equity crowdfunding platforms

The use of equity crowdfunding as a source of financing has rapidly gained traction. The key motivation of funders on such equity crowdfunding platforms (ECPs) is high financial returns, which is also associated with greater risk for all stakeholders: creators, funders and ECPs. We explore legal risk mitigation by ECPs in this paper and develop a taxonomy of legally mitigated risks. Content analysis of Terms of Service and Privacy Policy contracts of 17 most popular ECPs each, results in 544 references of legally mitigated risks and a taxonomy of 12 first level items and 18 second level items. We find that platforms fear and mitigate for risks associated with Information Security and Third Party most. The importance attached to Third Party risks is especially interesting. This theory and experience based systematic and comprehensive taxonomy of legally mitigated risks would not only help users understand a rapidly evolving phenomenon but also will help regulators monitor compliance issues

UK emergency preparedness - prepared for what?

We live in a world of increasing risk. Social and global processes continually construct new kinds of risk. Managing risk is an increasingly important function of government and in the UK has risen up the political agenda in recent years. There is evidence that the recent reform of the UK system of civil protection has been strongly influenced by the terrorist threat. Similar patterns can be seen in Europe and North America. The broader agenda of societal resilience and preparedness has been overshadowed by a security agenda. There is a danger that too great a focus on one form of threat can divert attention from the broader range of threats that we face in the future. This paper posits that preparedness should not be confined to institutional capacity but should include the wider public. There is a danger that neglecting the public will only serve to widen the gulf between state and citizen and weaken resilience

Cyber Babel: Finding the Lingua Franca in Cybersecurity Regulation

Cybersecurity regulations have proliferated over the past few years as the significance of the threat has drawn more attention. With breaches making headlines, the public and their representatives are imposing requirements on those that hold sensitive data with renewed vigor. As high-value targets that hold large amounts of sensitive data, financial institutions are among the most heavily regulated. Regulations are necessary. However, regulations also come with costs that impact both large and small companies, their customers, and local, national, and international economies. As the regulations have proliferated so have those costs. The regulations will inevitably and justifiably diverge where different governments view the needs of their citizens differently. However, that should not prevent regulators from recognizing areas of agreement. This Note examines the regulatory regimes governing the data and cybersecurity practices of financial institutions implemented by the Securities and Exchange Commission, the New York Department of Financial Services, and the General Data Protection Regulations of the European Union to identify areas where requirements overlap, with the goal of suggesting implementations that promote consistency, clarity, and cost reduction