February Newsletter

2016 Risk Predictions

January always sees a flurry of predictions of the year ahead and this year was no exception. The full report from the Institute of Risk Management is here; however they highlight key risks as:

  • Cybersecurity
  • Oil price fluctuations and related political instability
  • Austerity measures: continued impact
  • Disruptive business models in the financial sector
  • Bribery regulation and corruption

 

The World Economic Forum have also issued their annual view of Global risks for the next 10 years. Whilst it is a lengthy read, there are some key messages on cyber, population migration and climate change. It can be downloaded here.

Operational resilience

Business continuity is broader than the responsibilities of your IT department. Do you know how your business would operate in the event of your offices being flooded? Who are those key personnel in your organisation who keep the business running? As one Client remarked to us, 'No one notices if the MD isn't around for a couple of days, but we all notice if the bins haven't been emptied!”. What are your key processes, which are your key suppliers and what happens if they aren't there? Contact us for a no obligation discussion on how we can help identify these hot spots in your business.

Supply Chain

free_20571845Supply chain risk continues to be a concern for many organisations as we have seen in this recent news item. The introduction of the Modern Slavery Act (2015) in March of last year requires companies with a turnover of £36m or more to prepare a slavery and human trafficking report; detailing the steps that they have taken to ensure compliance within their organisation and their supply chain. It provides another example of the additional demands large organisations are placing on their suppliers. If you are an organisation who supplies goods or services to larger business, you will need to ensure the viability of your processes. We can help you evidence this or respond to Client Audits of your processes.

Health & Safety

The latest draft of ISO45001 was released for review this month. ISO45001 will replace the Health & Safety standard BS OHSAS 18001 in Autumn 2016. Incredibly, across the world, 6300 people continue to lose their lives every day in work place accidents or work related diseases. BSI have released a white paper providing more information. If you require guidance of how the new standard integrates to ISO9001 (Quality Management) and ISO14001 (Environmental Management) using the High Level Structure (HLS) then please drop a note to info@riskevolves.com.

The BEST project we’ve been involved with?

Employees at Risk Evolves have been involved in the Inspiring the Future programme for a number of years. We were delighted to be asked by the Howes Primary School in Coventry to visit a group of year 6 pupils and explain our business. The BEST project is funded by the European Community and brings together school pupils in Norway, Poland, Malta, Greece and the UK, to work together to understand how businesses function in different countries. Armed with our box of cogs, we explained to them how organisations need to work together effectively in order to be successful; and how a business could fail even if the smallest piece of the process wasn’t working efficiently. We’ve since heard that the cogs have proved to be so popular that the children will be taking them to Poland next month when they meet one of the other schools. If you’d like to understand more about the BEST project, Inspiring the Future, or what we were doing with a box of cogs, then please contact us.

In the News

Cyber crime continues to be headline news and too many companies continue to believe that the challenge to prevent Cyber Crime is solely owned by the IT department. However as this article shows, employee behaviours are key to prevention. If you would like to talk to us about how you can reduce the risk to your business, please call us on 01926 800710 for more information.

We were passed details of a free tool to help small companies understand their IT risk. We believe this is suitable for individuals or companies with up to 10 employees. Larger organisations will need to purchase the full version. It produces easy to understand reports, detailing security exposures in your organization and supports Cyber Essentials; it is available here from the Titania Ltd website.

ICO launches new data protection self-assessment tool for SMEs

The Information Commissioner's Office have developed and launched an easy-to-use toolkit that explains the key obligations that SMEs have to fulfil when managing and processing their Clients’ personal information. The tool can be tailored to satisfy the needs of individual organisations and can be broken down into individual checklists. More details can be found here.

Out and About

We’re on the road again next month!

If you are in Leamington Spa on 4th March then please do come and see us at the Leamington Spa Business Show.

A week later we’re off to the Ricoh Arena for the Coventry & Warwickshire Chamber of Commerce Spring Business Show; we look forward to seeing you!

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