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From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.
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Recent Editions
Risk Channel
North America
The professional sports industry is increasingly being targeted by cyber criminals, with hackers seeking financial gain, politically motivated hackers disrupting events, and foreign governments interfering in international sporting events. A survey from the UK's National Cyber Security Centre (NCSC) found that 70% of sporting organizations are hit by at least one cyberattack annually. The sports industry faces various cybersecurity challenges, including digital transformation vulnerabilities, corporate espionage, ransomware threats, insider threats, and nation-state actors. Best practices to manage these risks include knowing and protecting sensitive data, implementing multi-factor authentication, monitoring networks, and having an up-to-date cyber incident response plan. Legal frameworks and guidance from institutions like NIST, CISA, PCI DSS, and the NCSC provide principles and resources for sports teams to mitigate cybersecurity risks. The sports industry must stay vigilant and adopt robust cybersecurity measures to protect sensitive data and ensure the integrity of sporting events.
Full Issue
Risk Channel
UK/Europe
The European Central Bank (ECB) has called for the monitoring and regulation of artificial intelligence (AI) in finance to prevent harm to consumers and ensure market functioning. The ECB acknowledges the benefits of AI in the financial sector, including improved information processing, customer service, and cyberthreat detection. However, it also warns of risks such as herding behaviour, over-reliance on limited providers, and sophisticated cyberattacks. The ECB stresses the need for close monitoring as AI technology evolves and suggests regulatory initiatives if market failures arise. The European Union has already introduced AI rules, but the ECB notes that the adoption of AI systems by European financial institutions is still in the early stages.
Full Issue
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Back in the distant 1980s if you wanted to demonstrate your environmental and ethical credentials it was sufficient to shop at or purchase shares in retailer The Body Shop.
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