Risk & Resilience

The European Commission has updated its list of high-risk jurisdictions that pose strategic threats to the integrity of the EU financial system due to shortcomings in anti-money laundering and counter-terrorist financing (AML/CFT) regimes. Bolivia and the British Virgin Islands are the latest to join the list, meaning banks and other EU-regulated entities must apply enhanced vigilance to any dealings connected to those jurisdictions.

Southern Phone is facing tough scrutiny after paying US $1,607,600 (AUD 2,500,560) in penalties, the highest fine the Australian Communications and Media Authority has ever issued for this type of failure, for giving scammers an easy path to take over customers’ mobile numbers.

Social media crises sparked by negative content, customer complaints, or high-profile scandals can spread almost instantaneously across platforms such as Twitter, Instagram, TikTok, and Facebook. Unlike traditional public relations challenges, these crises escalate at viral speed, reaching millions within hours and leaving little time for brands to respond.

The European Union must rapidly scale up investment in climate resilience to protect its economy and communities from escalating climate-related threats, according to a new report delivered to Commissioner Wopke Hoekstra on Tuesday.

The UK telecoms watchdog has fined Virgin Media £23.8 million after vulnerable customers relying on telecare alarms were left disconnected during the company’s switch to digital landlines, a move Ofcom says put people directly at risk.

A data center glitch at the heart of the world’s futures markets offered a big reminder Friday that even the most sophisticated financial systems can hinge on something as ordinary as indoor temperature.

In this article, Norman Marks looks into why so many organizations continue to operate with ineffective risk management programs, even while acknowledging the consequences. Drawing on industry survey data and decades of experience, he explores how boards and CEOs often settle for compliance-driven approaches that fail to support decision-making, and why meaningful change must start at the top.