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DRI’s Global Risk and Resilience Trends Report: Major Impacts by Region

January 14, 2019 Leave a comment DRI Admin

The DRI International Global Risk and Resilience Trends Report provides a global perspective and comprehensive trends analysis of how resilience professionals view their industry and the external factors that are shaping it. But every region defines its risks differently. Here’s the current landscape.

The DRI Future Vision Committee analyzed probability and impact responses for each of the following regions:

  • North America
  • Latin America
  • Europe
  • Asia
  • Rest of World (R.o.W)*

The top five issues per region were identified for both probability and impact. There were 10 issues that appeared in at least one PROBABILITY Top 5.

Probability

Impact

*R.o.W participants were mainly from Australia and Africa, and since the numbers were relatively low, they did not justify individual analysis for this edition of the report.

Result Highlights

Technology failure, both deliberate attacks and accidental errors, score highest in Europe and North America. Severe data breach scores high everywhere except Asia. Surprisingly, Asia ranks the probability of severe data breach less than that of man-made disaster, global financial crash, or failure due to the lack of crisis management expertise. There also were differences of opinion among regions when it came to impact, although all of the IT risks — particularly severe data breach — scored well in all regions. However, the impact of technical failure was the overwhelming concern in Europe and the U.S., but it scored slightly lower in Asia and lowest overall in Latin America. This is perhaps because Asia feels itself technically able to prevent or mitigate impacts, whereas Latin America may still be on a learning curve regarding the full scope of resilience management.

The impact upon the organization should senior management make inappropriate decisions during a major disruptive event is a concern to many. This issue is surprisingly ranked second in Latin America, third in Asia, and in the top ten in all regions. While North America recently suffered more than its share of weather-related natural disasters, the survey indicates that although the probability is recognized as high (ranked 2), the impact is considered much lower (ranked 6). This suggests that resilience professionals in the U.S. and Canada are experienced in dealing with such problems and have measures. in place to mitigate impact. To some extent, it might also reflect the type of natural disasters experienced and the region in the country where they have occurred.

Additional Resources

You can download the complete Fourth Annual Risk and Resilience Trends Report from the DRI Resource Library (log in with your free DRI account).

Hear more about this report – as well as predictions for 2019 – at the Future Vision Committee session at DRI2019 in Las Vegas Feb. 17-20.

DRI’s regional blogs provide resources and local analysis from professionals worldwide:

As a globally recognized certification organization, DRI provides education and credentials for resilience professionals around the world, including:

  • Business Continuity
  • Business Continuity Audit
  • Healthcare Continuity
  • Risk Management Continuity
  • Public Sector Continuity, and
  • Cyber-Resilience Continuity.

Click here for our 2019 global course list, or call 866-542-3744.

Our webinar series covers many of the major issues featured in the report. Recent presentations include:

  • GDPR
  • Cyber-Resilience
  • Public-Private Partnerships
  • Compliance and Regulations
  • Internet of Things
  • Active Shooter and Mass Casualty Response