Your Risks
Safer never stops
Risk, Security, Safety
Reputational Damage
Common causes: Data breaches, malware attacks, phishing scams, and social engineering.
Most affected sectors: Healthcare and Pharmaceuticals, Finance, Government, Retail, Telecoms and Technology.
Impact: Loss of customer trust, decreased brand value, and potential business failure.
Mitigation: Strong access controls, regular security audits of policies and controls, employee training, and incident response planning and practice.
Financial Loss
Common causes: Ransomware attacks, data breaches, fraud and natural disasters.
Most Affected Sectors: Finance, Retail, Manufacturing, Construction, Telecoms, Transportation.
Impact: Direct financial losses, increased operational costs, and potential legal liabilities.
Mitigation: Data encryption, risk assessment, robust backup systems, and insurance coverage.
Fines and Licence Revocation
Common causes: Non-compliance with data protection regulations (e.g., GDPR, CCPA), and failure to implement adequate security measures, legal violations, cyber security breaches.
Most Affected Sectors: Finance, Healthcare and Pharmaceuticals, Government, Telecoms, Technology, Manufacturing.
Impact: Significant financial penalties, legal disputes, loss of reputation, and loss of operational licence
Mitigation: Compliance training, robust governance, investment in security infrastructure, and proactive risk management.
Loss of Opportunity
Common causes: Service disruption, loss of competitivity, lack of risk assurance, data loss
Most Affected Sectors: Finance, Technology, Retail, Manufacturing, Telecoms.
Impact: Decreased market share and productivity, reduced innovation, loss of competitive advantage.
Mitigation: Business continuity and disaster recovery planning, and redundant systems, agile culture.
Loss of Life
Common causes: Attacks on critical infrastructure, such as power grids, transportation systems, and healthcare facilities.
Most Affected Sectors: Government, Utilities, Mining, Manufacturing, Transportation, Healthcare.
Impact: Human suffering, societal disruption, legal liabilities, negative publicity.
Mitigation: crisis preparedness, risk assessment, compliance with regulations (eg NIS2, DORA).and international cooperation.
