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The latest stories and news affecting the wider business environment as interpreted by our infographics team
Potential “tipping points” for catastrophe increasing
In ten years’ time, the risk landscape may be less volatile in general, but more susceptible to progressively risky trends
Progressive tipping points and persistent crises leading to catastrophic outcomes
2 Years - 13% | 10 years - 20%
Consistently volatile across economies and industries with multiple shocks accentuating divergent trajectories
2 Years - 69% | 10 years - 34%
Slightly volatile with occasional localised surprises
2 Years - 14% | 10 years - 22%
Limited volatility with relative stability
2 Years - 2% | 10 years - 11%
Renewed stability with a revival of global resilience
2 Years - 2% | 10 years - 9%
Source: World Economic Forum, Global Risks Perception Survey 2022-2023
AI looms as compliance risk
Proportion of compliance professionals in financial firms who say they struggle to comply with evolving regulations today
The accelerated use of Al - 57%
GlobaI economic instability - 56%
Digital assets and crypto markets - 40%
The geopolitical situation - 30%
Source: eflow, Global trends in market abuse and trade surveillance
Executives become increasingly concerned over digital disruption by 2034
Over the next ten years, executives expect talent and digital risks to predominate
Top 5 risks for 2024
#1 Economic conditions including inflationary pressures - 5.96
#2 Ability to attract, develop and retain top talent, manage shifts in labor expectations, and address succession challenges - 5.93
#3 Cyber threats - 5.9
#4 Third-party risks - 5.63
#5 Heightened regulatory changes and scrutiny - 5.61
Top 5 risks for 2034
#1 Cyber threats - 6.44
#2 Ability to attract, develop and retain top talent, manage shifts in labour expectations, and address succession challenges - 6.27
#3 Adoption of digital technologies requiring new skills in short supply - 6.16
#4 Rapid speed of disruptive innovations enabled by new and emerging technologies and/or other market forces - 6.15
#5 Heightened regulatory changes and scrutiny - 6.13
Risks with an average score of 6.0 or higher are classified as having a “significant impact” over the next 12 months
Risks with an average score of 4.51 through 5.99 are classified as having a “potential impact” over the next 12 months (2024)/over the next decade (2034).
Source: Protiviti.com, Executive Perspectives on Top Risks for 2024 and a Decade Later
Data breaches top 2024 cyber worry list
Cyber risk is seen by executives as the top risk globally with data breaches the main concern
Data breaches 59%
Cyber-attacks on critical infrastructure and physical assets - 53%
Increase in malware/ransomware attacks - 53%
Disruption from failure of digital supply chains, cloud/service platforms - 25%
