Risk management and fraud news from around the web: May 12 – 16, 2025

NIST offers balance between identity security, risk management, customer experience

Federal agencies and their public sector counterparts are employing identity security in the face of an uphill challenge to provide the appropriate levels of security to protect their data. This is happening while also providing access to those working behind the scenes and the general public when necessary.

FERMA releases new risk management report

FERMA has released its inaugural NEXT (New EXposure Trends) Report, which warns that short-term thinking and cognitive biases at all levels are leaving companies and governments highly vulnerable to the widespread and long-lasting impacts of emerging risk trends such as geopolitical shifts and climate change.

Active cyber risk management drives 7% decrease in claims frequency

Despite claims severity remaining stable in 2024, proactive cyber security measures show a measurable impact in claims frequency, according to a new report.

Risk management analytics: Turning uncertainty into opportunity

Today’s financial services landscape requires sophisticated enterprise risk management approaches to address evolving regulations, market volatility and shifting customer expectations. Outdated systems and fragmented data create barriers to effective risk oversight, preventing institutions from gaining comprehensive insights.