Risk management and fraud news from around the web: July 28 – August 1, 2025

Legal, finance collaboration pivotal to business success — white paper 

A report from the Association of Corporate Counsel aims to quantify the importance of good relationships between legal chiefs and CFOs. 

Catastrophe costs show no sign of slowing in 2025 – Willis 

A new report by Willis indicates that insured losses from natural catastrophes in 2025 are once again expected to surpass $100 billion globally, marking the seventh consecutive year at or above that threshold. 

Your supply chain security strategy might be missing the biggest risk 

Third-party involvement in data breaches has doubled this year from 15% to nearly 30%. In response, many organizations have sharpened their focus on third-party risk management, carefully vetting the security practices of their vendors. However, a critical gap remains that many organizations overlook: fourth-party risk. 

CFOs proactively deploy strategies to combat tariffs’ impact 

Amid a recent surge in pessimism, companies are moving quickly to tighten their supply chains and take other cost-saving measures.