The TM Bulletin: February 2024
Thomas Murray
Global Risk Intelligence | Safeguarding clients and their communities since 1994
Cyber attacks, groundbreaking research from our Analytics Lab, AI in the workplace, EU regulations and T+1 settlements in the Asia-Pacific region – as ever, February was another busy month, even with an extra day.
We trust you will enjoy these insights into what our experts and specialist teams have been working on over the last month, and the issues facing our clients.
Analytics Lab | Global markets | Cyber risk
Calculating the cost of cyber attacks: An economic analysis of the worldwide impact
We know that cyber attacks must do serious damage to economies around the world, but how can that damage be calculated when so few organisations report cyber crime and accurate data is so hard to come by??Thomas Murray's Analytics Lab tackles this problem with a groundbreaking approach to measuring the true economic impact of cyber attacks around the world.
Using a combination of standard macroeconomic data, digital economy indicators and data on cyber security incidents, the Lab analyses the harm that threat actors do to the GDPs of frontier, emerging and developed economies.
Although there is still much to be uncovered, the team's innovative methods have already revealed fascinating new perspectives on an issue that touches every one of the world's economies.
Regulation | Cyber risk
Understanding DORA
Cyber risk poses a major threat to the stability of the world's financial infrastructure. DORA regulation is an attempt to finally provide comprehensive guidance, frameworks and standards that will manage and reduce this risk. Our downloadable PDF sets out clearly and concisely:
To find out more about DORA, book a free, 15-minute consultation with our expert, Shreeji Doshi .
Cyber Risk | AI
AI in the workplace: Do you know who’s on your network?
Martin Nikel , our director of eDiscovery and legal disclosure, shares his thoughts about the use of AI in the workplace. Many employers may not be aware of just how widespread its use is among their teams – and the levels of risk this exposes their organisations to. From shadow IT and playful professionals to the new standards for data management and retrieval, are you ready for the growing role of large language models?
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Cyber advisory
Whitepaper: Cyber threat and the global economy
Cyber threat and the global economy provides a unique perspective on the world’s digital threat landscape. ? ?
This report draws on Thomas Murray’s 30 years of experience working with clients in some of the world’s most complex industries, and the unparalleled breadth of skills and expertise available across the business as a result. It also draws on the Cyber Risk and Advisory teams’ 170+ years of combined experience across a range of public and private sectors, from banking and finance to law enforcement and the military.
FMIs
Analysis: T+1 settlement cycles: India and the Asia-Pacific
In contrast to the US’s “big bang” approach to T+1 transition, India opted for a phased transition to T+1, that lasted from February 2022 until January 2023.
One year on, what has India’s experience been like? In this second report on how markets around the world are handling the transition to T+1, Gary King examines the move to T+1 (or not!) in India, Pakistan and the Asia-Pacific.
For more industry insights, check out our newsletters:
Cyber Series - Go behind the headlines with a weekly deep-dive into what’s shaping our digital world.
DORA Digest - Expert insights and analysis to help you on the DORA compliance journey.
Risk Committee Updates - Monthly highlights from our experts’ assessments of markets and entities.