The 11 Top Threats That Organizations Face Today
Apparently, top executives in organizations today have plenty to worry about. It seems like a new federal, state or local compliance mandate is handed down every week. A company's reputation can crash and burn with one click of an angry customer's post on social media. And then there are all the problems that tie directly to IT, such as network breaches, productivity logjams and data loss. To pinpoint the top threats for organizations, KPMG International has released a survey that involved the participation of more than 1,000 global C-suite executives. The resulting report, Expectations of Risk Management Outpacing Capabilities: It's Time for Action, also reveals what businesses are doing—or not doing—to effectively measure the ROI of their risk-management programs. "We found that risk management is not advancing fast enough at most companies in the face of an array of threats in an increasingly complex global economy," says Mike Nolan, KPMG International's global leader for risk consulting. "But companies can transform these challenges into a competitive advantage. All of their competitors are in the same boat, but very few are going to take advantage of the regulatory onslaught to become more competitive."