Security News > 2022 > March > Four key risks exacerbated by Russia’s invasion of Ukraine

Russia's invasion of Ukraine has altered the emerging risk landscape, and it requires enterprise risk management leaders to reassess previously established organizational risk profiles in at least four key areas, according to Gartner.

"Russia's invasion of Ukraine has increased the velocity of many risks we have tracked on a quarterly basis in our Emerging Risks survey," said Matt Shinkman, VP with the Gartner Risk and Audit Practice.

"As ERM leaders reassess their organizational risk models, they must also ensure a high frequency of communication with the C-Suite as to the critical changes that require attention now."

At an organizational level, talent risks can manifest through productivity constraints in the affected region, as well as disrupting access to the large amount of IT talent concentrated in the countries impacted by the war.

The research previously identified new models of ransomware that defy typical mitigation strategies as a key emerging risk impacting organizations.

Longer-term, ERM leaders should lead discussions on how their organizations will cope with the potential for key materials shortages, higher expenses, and assess alternative logistics options for obtaining materials and critical components.

News URL

https://www.helpnetsecurity.com/2022/03/17/erm-leaders-risk/