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US government budget : A wall or a shutdown?

06 September 2017

On August 22, US President Trump threatened a government shutdown if the Congress disagrees to finance the construction of the wall on the border with Mexico.

BDO advises urgent assessment of cyber risk and warns against ‘one size fits all’ cyber insurance

04 September 2017

• Cyber risk is becoming increasingly diverse. Ransomware has become now the fifth most common type of malware, and the cost of freeing up computer systems from ransomware has tripled since 2016.[i] • Organisations are continuing to spend up to four times more on insuring other company assets (e.g. property, equipment etc.) than on cyber insurance, despite an increasingly widespread belief that their cyber assets are in fact up to 14% more valuable [ii] • As cyber incidents increase, they become more difficult – and therefore more expensive – to defend 3 • BDO advises business leadership to take urgent steps to understand their cyber risk posture, evaluate their cyber risk exposure and ensure adequate cyber insurance coverage for all non-remediated risks identified.

Moving risk management forward

04 September 2017

While risk management has always been an important part of the financial services industry, recent events have highlighted the importance of it. Most recently there have been some questions as to whether insurers are taking risk management as seriously as they should.