Business Reporter

Cyber crime cost businesses worldwide £241bn last year, but liability insurance can protect your company from data and privacy breaches Cyber crime is not a fictional concept; it is a very real problem, says Ben Beeson, a data protection and security expert at global insurance broker Lockton. Last year, an individual fell victim to a [...]

What is the role of the risk manager when everybody in business seems to be managing risks? The Financial crisis may have turned attention on the issue of financial risk in a rather dramatic fashion, but today hyperawareness of risk in its assorted forms – political, regulatory, environmental, technological and so on – has become [...]

It’s time to knock heads together if firms are to manage cyber risks effectively Just over a year ago hackers gained access to the personal accounts of 77m Sony PlayStation customers, forcing the firm to shut down the PlayStation network for two weeks. This single breach of security cost the business £105m and did untold [...]

Economic woes drive more workers to commit fraud – and more organisations to bring in risk controls There has been a sharp rise in the most expensive, hard-to-detect and organisationally devastating type of fraud: that committed by employees and management. KPMG Fraud Barometer records a 74 per cent rise in staff fraud in 2011 at [...]