Risky Business: What We See in 2023

As expected, the first few weeks of 2023 have been volatile and eventful, with escalating domestic and geopolitical tensions, a catastrophic earthquake and ensuing aftershocks, and the proliferation of generative artificial intelligence into the mainstream with yet unclear outcomes. We expect the rest of the year to follow in similar suit, with recessionary pressures, cyclical bouts of COVID-19 and war in Europe all continuing to amplify and further stress the security, reputational and operational risks facing C-suites and their organizations. Looking ahead, CEOs and corporate boards must remain steadfast in their resiliency planning and mitigation efforts. Facing a New Year of Challenges Companies today are facing an ever-expanding risk landscape that demands more attention from executives. On the security front, growing levels of both violent and petty crime are becoming significant enough to warrant the closure of franchise stores, while the increasingly remote nature of business is exposing companies to new and expanding cyber vulnerabilities from internal and external actors. Meanwhile, the growing politicization of domestic and global issues is prompting new vectors of risk around company reputation as customers begin to judge brands and their respective leadership by a corporation’s public response – or lack thereof – to […]

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