Reason Magazin 2014Q3 Seite 21

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You re only as strong as your weakest link The FM Global Resilience Index is the first tool designed to rank countries supply chain resilience To find out where in the world your company is vulnerable log on to fmglobal com resilienceindex Resilience Index There s endless value inherent in a tool like the FM Global Resilience Index Margareta Wahlström UN SPECIAL REPRESENTATIVE OF THE SECRETARY GENERAL FOR DISASTER RISK REDUCTION For a business with a global footprint a disruption in North America could have far reaching effects negatively impacting the supply chain or business reputation around the world In a world of rapid fire technological changes it is vital to consider risk when pursuing opportunity manufacturers will need to keep a close watch on how the technology is used The insurance and legal implications will surely be making headlines in the near future with patent infringement being a likely challenge The issue of how 3D digital technologies will be policed will also need debating in order to avoid the pitfalls and exploit the opportunities 3 Cyber risk The scale and speed of information creation and transfer around the world are histori cally unparalleled Individuals and organi zations have become heavily reliant on the technology which despite its proliferation remains a largely uncharted territory Social media increasingly allows information to spread globally and fast Intentionally or unintentionally misleading information can be spread instantaneously and with potentially serious consequences Ways of putting out these digital wildfires must be found and constantly reviewed for effectiveness More insidious cyber attacks all too often cause economic and other losses to a growing number of organizations Even more sinister now vehicles and medical devices are considered targets by an increas ingly well armed group of digital assailants The EC is clearly concerned about the risks that technology creates In Febru ary 2013 they published a proposal for a directive on Network and Information Secu rity 2013 0027 COD The aim is to have a directive that staunches the loss of intel lectual property through cyber crime The Commission also issued a call for informa tion in July 2013 as they explored the impact of information technology on the insurance market in particular insurance for autono mous ICT based systems as well as the cyber security insurance market Consider risk when rising to the challenge Emerging technologies present a consider able challenge to businesses and risk manag ers They have the potential to be disruptive mainly because many of the risks associated with them are still an enigma In accounting for the risks it is crucial to take into account the interconnectivity of global systems For a business with a global footprint a disruption in North America could have far reaching effects negatively impact ing the supply chain or business reputation around the world In a world of rapid fire technological changes it is vital to consider risk when pursuing opportunity the IDEA


Vorschau Reason Magazin 2014Q3 Seite 21