Risk Management Show 2024 in Review: Geopolitical Events and Risk Management Takeaways for Leaders with Dominic Bowen
Dec 19, 2024
In this insightful discussion, Dominic Bowen, a Partner at 2Secure and a European expert in risk management, tackles the significant geopolitical events of 2024 that impacted businesses. He emphasizes the importance of robust risk mitigation strategies and shares lessons learned from recent crises. The conversation also explores the role of AI in enhancing risk management practices and cyber threats facing organizations today. Bowen provides practical advice for CEOs on prioritizing risk initiatives to navigate uncertainties in an increasingly volatile world.
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2024 Geopolitical Risks
- Geopolitical events significantly impacted the 2024 global risk landscape, including cyber threats, economic uncertainty, and climate change.
- Businesses must balance opportunities from technologies like AI with risks like cybersecurity and data governance.
Effective Risk Mitigation
- Focus on cyber, governance, corporate reporting, and business continuity.
- Boards must understand company risks as part of their fiduciary duty.
Recent Events and Business Impact
- Recent events like South Korea's martial law, Romania's election annulment, and government collapses in Germany and France highlight unpreparedness.
- Romania saw 85,000 cyberattacks related to its electoral campaign, impacting businesses with Romanian operations.