MITIGATING RISK DURING DISRUPTION
We are in uncharted territory. Businesses worldwide are facing significant risks – from supply chain disruption to new data privacy and cybersecurity concerns, to navigating insurance claims and contract compliance, and the potential for litigation, fraud and disputes.
Companies face risk from every direction. But it’s how you respond to that risk that will determine whether you mitigate the fallout.
Globally, COVID-19 is having a ripple effect throughout supply chains. Manufacturing operations continue to be hit hard, with many companies around the world forced to temporarily close facilities and travel restrictions hampering cross-border commerce.
The large-scale shift to remote work is also increasing potential attack vectors for cybercriminals—and they’re taking full advantage. Processes implemented to help secure systems and protect data and information must be followed.
Business leaders must weigh the biggest risks to their organization and take proactive risk mitigation measures to ensure business continuity for their customers.