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Social distancing and mandated closures have shifted entire companies, school districts, universities, and government agencies to remote work, putting tremendous strain on existing technology infrastructures and support systems. Even the most prepared organizations that have advanced IT security and control capabilities have never encountered anything like the current level of crisis.
Cyber criminals are exploiting stressed out organizations and employees by targeting individua
Every industry has felt the effects of the COVID-19 pandemic – but some have clearly been impacted more deeply than others. Grocery stores saw soaring sales as customers stocked up on supplies. Revenue from sports venues, on the other hand, came to a crashing halt.
A look at incidents by industry tells a similar tale. Riskonnect examined the U.S. property and casualty incident data of over 400 organizations across 20 industries to help companies determine if their COVID-19 incid
Healthcare provider organizations were at the bullseye of the pandemic. As providers of care, a pandemic was something most organizations planned for. But the size and scope of COVID-19 still appeared to catch many off guard, with endless news stories about equipment shortages and overburdened staff. To find out how the view looked from the inside, Riskonnect surveyed healthcare provider organizations about their response to the pandemic. Here’s a snapshot of the results:
COVID-19 threw risk managers into the spotlight overnight - and they shined. Risk managers helped make business-critical decisions and drive corporate agendas, earning a well-deserved seat at the strategic table.
Even so, the pandemic was a wake-up call. The crisis uncovered how vulnerable businesses are to systemic events - and how ill-equipped the traditional risk management approach is to handle the fallout. The way risk is managed needs to be reinvented. And risk managers are read
With a return to “normal” still stubbornly distant, COVID-19 remains the prominent force shaping claims trends. In many places, restrictions were cautiously eased – just to be restarted when cases surged. And businesses were left trying to take it all in stride.
How does that uneven impact translate into incident experience? Here’s a look at current trends by line of coverage and by industry, based on the U.S. property and casualty incident data of more than 40