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Risk management and fraud news from around the web: February 19 – 23, 2024

Written on Feb 23, 2024

Ransomware activity is back with a vengeance with record payments in 2023 and continuing activity this year. 

The evolving landscape of climate transition planning is increasingly central to the global shift towards a low-greenhouse gas and climate-resilient economy, a new WTW report details. This change is not only driven by growing regulatory demands for businesses to disclose their net-zero roadmaps but also presents a unique business opportunity. 

More than three years after Citigroup was penalized in connection with risk management problems, regulators have stepped up their pressure on the New York megabank. 

Third-party risk management has moved from ad hoc questionnaires to automated, continuous assessment of those risks, driven by the higher frequency and sophistication of supply chain data breaches and increasing regulatory requirements. What trends will be at the forefront of evolving the practice of third-party risk management in 2024? 

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