Operational Risk Horizon 2022
- 25 April 2022
About the study
Part of our risk landscape work, this year’s report builds on our 2021 study, which found that viewing the emerging risk horizon as a set of standalone emerging risks limits visibility and understanding of the wider risk landscape.
With risks becoming increasingly interconnected, viewing the landscape holistically is essential to understanding how different risk categories impact and influence each other, how individual factors are linked, and how this affects current and future material risk exposures and outcomes.
The full report is now available for all ORX members to access as part of their annual membership subscription or is available for non-members to purchase as part of ORX Select.
“The world is more turbulent than it has been in a long time. The events of more than the last 24 months have created a highly dynamic and uncertain risk landscape. As a result, the focus is on the here and now as well as the things we are able to assess, but we do also urge firms to incorporate additional longer-term horizon scanning to facilitate more predictive analysis to identify future changes in the risk landscape.”
Steve Bishop, Research & Information Director at ORX
What did the study find?
The study found that speed of change is making assessing emerging risks difficult according. The report predicts cyber threats, macroeconomic change and geopolitical turbulence will significantly influence the emerging risk landscape.
Top 3 risks
In this year's Horizon study, advanced cybercrime, in particular cyber warfare, is cited as the most worrying emerging risk category. The second and third largest risks identified in the report are digital strategies and emerging technologies. The report shows a broader and more complex digital ecosystem has emerged and will continue to evolve.
Get the full report for more insights
This report was conducted as part of our new range of monitoring the risk landscape studies, which cover both emerging and material risks. The studies are free for ORX members and if you're not a member of ORX, you can buy a copy of the Operational Risk Horizon 2022 report for just £900.
Alternatively, you can choose to pay £1,900 for access to all three studies from our 2022 Monitoring the Risk Landscape package (this includes the Operational Risk Horizon 2022 report and the two Top Risk Review studies, published in July and Q4) saving your firm £800 across the year.