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JUNE 2017 11 INTERNAL AUDITOR
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O M 29%
risks in business
A14 percent rise in terrorist incidents globally in 2016 and a wave of populism are contributing to increasingly volatile operating conditions for international business, according
to risk management, insurance, and reinsurance provider Aon plc.
The firm’s 2017 Risk Maps report,
produced in conjunction with Roubini
Global Economics and The Risk Advisory
Group, also found that while terrorist
strikes increased by 174 percent in the U.S.
and Europe, attacks on those countries
account for less than 3 percent of terrorist
violence globally. Last year, the number of
terrorist incidents in the U.S. was the highest it’s been in a decade, though the Risk
Maps report notes that the threat will likely
be moderate in 2017.
More country risk ratings in 2016
increased ( 19) than decreased (11), marking
the second year in a row this has occurred.
Moreover, the report notes that overall terrorism and political violence ratings are at
their highest levels in four years. A total of
17 countries are currently at highest risk,
comprising regions of instability that contain international terrorism threats and significantly increase business risk exposures in
adjacent areas. Pockets of severe risk stretch
Violence and political
uncertainty threaten business
THE HIGH RISK
Only a small percentage of
U.K. businesses exercise
good security practices to
combat cyber threats.
Source: U. K. government, Ipsos
MORI Social Research, and
University of Portsmouth, Cyber
Security Breaches Survey 2017