Chinese space station will fall to Earth within two weeks
What's Keeping Risk Experts Up At Night?
We are living in an era of unprecedented technological, scientific and financial resources. With this, comes a remarkable opportunity to address the increasingly complex systemic risks we face.
Yet we also see the world continues to live dangerously...and, there is very little hope that 2018 will be different.
In review of this year’s Global Risks Report, published by the World Economic Forum in collaboration with leading global institutions including Zurich Insurance Group, many challenges and key risks for the year ahead are identified, also suggesting that the urgency of taking action has intensified.
The Report points to several areas of significant concern in the areas of environmental, technological, geopolitical, societal and economic risks dimensions.
--First, we are pushing our degraded planet to the brink;
--Second, our defenses against catastrophic cyber risks are being seriously tested;
--Third, our growing vulnerability to systemic risks is confirmed with signs of strain in many of the systems on which we rely;
--Fourth, growth alone will not repair the social fabric;
--Lastly, the risks of international conflicts are increasing.
Read More Here
These Are the Biggest Risks for Businesses in 2018, According to the World Economic Forum
A slew of security, financial, and environmental threats will pose the greatest risk to businesses around the world in 2018, according to a wide-ranging report from the World Economic Forum (WEF) unveiled Wednesday ahead of the organization’s annual meeting in Davos, Switzerland next week. And two of the most prominent risks for American businesses, specifically, will be inadequate protections against cyberattacks and the potential environmental disasters stemming from climate change.
WEF’s new Global Risks Report is an 80-page compilation of risks to global business compiled with the help of business, government, academic, and other stakeholder around the world. These hazards span the gamut from the collapse of governments to poor urban planning to the spread of infectious diseases to infrastructure failures.
But one of the main takeaways from the 2018 Risks report is that a combination of environmental havoc and digital delinquency—from data breaches by online thieves to targeted attacks on nations’ security apparatuses—will be both the likeliest risks to businesses and the ones that have the biggest impact on them. Three of the top five largest risks in terms of both likelihood and overall impact are related to the environment, for instance; cyberattacks and data breaches rank in the top five most likely risks while cyberattacks fall just outside the top five when it comes to impact.
Read More Here