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Cyber Attacks / Data Breach
Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. All leaders need a cyber game plan.
Expanding global wealth and advancements in technology provide financial institutions with opportunities to grow in new markets, but also create risk and human capital challenges that require innovative solutions.
From the volatility created by climate change to geopolitical and financial headwinds to significant organizational threats in the form of regulatory pressures, cyber threats and shifting workforce expectations, the pressure is on across the industry.
The key to achieving success will be agility and resilience. Organizations in the industry face the challenge of assessing and managing their approach to both human and operational risk—including, adopting greater agility through innovation, anticipating future exposures and optimizing risk management to create the organizational resilience necessary for growth.
Looking ahead to 2024, predicted risks for the financial institutions industry include:
Article
Climate change is getting expensive. According to Aon, 421 notable disaster events last year generated $313 billion in economic loss, of which only $132 billion (42%) was insured loss; and it has never been more important to understand the risk that a changing climate poses today and in the future. Learn more about how banks quantify physical climate risk.
Stay in the loop on today's most pressing cyber security matters.
Explore Aon's latest environmental social and governance (ESG) insights.
Explore our hand-picked insights for human resources professionals.
How do businesses navigate their way through new forms of volatility and make decisions that protect and grow their organizations?
Article 11 Min Read
Climate modeling has been around for decades but mainly used by academic and government scientists. Led by the risk industry, the private sector is adapting these models to broadly assess the physical impacts of climate change.
Article 16 Min Read
In a move designed to close the gender pay gap, the European Commission is increasing pay transparency across member states. Prepare your firm now for potential implications and opportunities.
Article 12 Min Read
Financial institutions can weather industry volatility more effectively with enhanced risk management frameworks informed by people data and powered by technology.