The focus today is on agility and resilience as much as it is on prevention and detection.
Top 10 Risks in 2024 and 2034
Top 10 Risks in 2024
- Economic conditions, including inflationary pressures
- Ability to attract, develop and retain top talent, manage shifts in labor expectations, and address succession challenges
- Cyber threats
- Third-party risks
- Heightened regulatory changes and scrutiny
- Adoption of digital technologies requiring new skills in short supply
- Existing operations and legacy IT infrastructure unable to meet performance expectations as well as “born digital” competitors
- Change in current interest rate environment
- Increases in labor costs
- Ensuring privacy and compliance with growing identity protection expectations
Top 10 Risks in 2034
- Cyber threats
- Ability to attract, develop and retain top talent, manage shifts in labor expectations, and address succession challenges
- Adoption of digital technologies requiring new skills in short supply
- Rapid speed of disruptive innovations enabled by new and emerging technologies and/or other market forces
- Heightened regulatory changes and scrutiny
- Third-party risks
- Economic conditions, including inflationary pressures
- Existing operations and legacy IT infrastructure unable to meet performance expectations as well as “born digital” competitors
- Increases in labor costs
- Inability to utilize rigorous data analytics to achieve market intelligence and increase productivity and efficiency