Security News > 2020 > July > Apple was the only Fortune 50 company to foresee COVID-19 pandemic risk and properly insure against it – Forrester
Apple was alone among corporate giants in foreseeing the pandemic risk in the run-up to the global COVID-19 outbreak, according to analysis by research firm Forrester.
As part of a report that predicts the continuing rise of blockchain, robotic process automation and Kubernetes among the technology responses to the pandemic, Forrester also looked at how organisations are set to change their approach to operational and technological risk.
"COVID-19 wasn't a black swan; any infectious disease expert could have told you a pandemic was inevitable. Yet when we reviewed the Fortune 50's current 10-K reports, we saw that while 50 per cent mentioned a pandemic in their risk profiles for investors, they classified it as an 'act of God'. Only Apple had insured the downside," it said.
Forrester said it sees firms bringing "Islands" of risk management in cybersecurity, IT, and operations under the umbrella of "ERM" - enterprise risk management.
Companies likely to lead in the pandemic recovery will be those that get rid of technical debt fast.