"This has been a really strong evolution going from the 80s, the 90s, the 2000s, to take fat out of the supply chain, to tighten down everything," says supply-chain management expert Rich Weissman. He says in the past 10 years companies have come to "really rely on analytics to fine-tune supply chains to make sure that supply and demand absolutely line up". "And that's where I think we've gone too far.”

The heavy dependence on China across industry verticals is an obvious example of the sole-sourced nature of today’s supply chains.

"They're becoming more capable of conducting these attacks successfully," Goody says about the hackers. "As these criminal organizations grow, they're growing like a regular business would. They're building out different teams who can conduct these intrusion operations at a greater scale, or with greater efficiency, or without being detected. That's going to continue to grow as well."

‘While disclosure is critical, it is but one aspect of prudent corporate governance practices in connection with the mitigation of legal risks. Directors should be able to demonstrate that they have met their legal obligations in considering, managing and disclosing all material risks that may affect their companies. This includes any risks arising from climate change, be they physical or transitional risks.’ Mr Price said.

Download and read the update here.

Passengers were shut out of some of the country’s busiest train stations during the Friday evening rush hour, while hundreds of thousands of homes were left without electricity after what the National Grid described as a problem with two generators.

Risk & Insurance | 19 August 2015

Underwriters are modeling storms better and businesses are revamping their business continuity plans – but memories can be short.

Business Wire | 18 August 2015

Four thousand lives lost during the 2005 hurricane season, 80% of the city of New Orleans flooded, US $125 billion in overall damages and 1.7 million insurance claims filed: Hurricane Katrina, which struck the Gulf Coast on August 29, 2005, remains the largest-ever windstorm loss. To mark the 10-year anniversary of Katrina, a new risk bulletin from Allianz Global Corporate & Specialty (AGCS) Hurricane Katrina 10: Catastrophe Management and Global Windstorm Peril Review analyzes windstorm risks and losses and examines the business lessons learned from Katrina for future global windstorm loss mitigation, given increasing weather volatility.

EdTech Magazine | 17 August 2015

Significant portions of the country are at risk for severe weather and other natural disasters this fall, yet too few colleges and universities have thought pragmatically about the potential consequences to their IT infrastructure.

Computer Weekly | 4 August 2015

Nearly two-thirds of companies are hit by cyber attacks daily or weekly, yet only a quarter always incorporate measures in their technology and operating models to make them more resilient, a survey shows.