No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • CCI Magazine
    • Writing for CCI
    • Career Connection
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Library
    • Download Whitepapers & Reports
    • Download eBooks
    • New: Living Your Best Compliance Life by Mary Shirley
    • New: Ethics and Compliance for Humans by Adam Balfour
    • 2021: Raise Your Game, Not Your Voice by Lentini-Walker & Tschida
    • CCI Press & Compliance Bookshelf
  • Podcasts
    • Great Women in Compliance
    • Unless: The Podcast (Hemma Lomax)
  • Research
  • Webinars
  • Events
  • Subscribe
Jump to a Section
  • At the Office
    • Ethics
    • HR Compliance
    • Leadership & Career
    • Well-Being at Work
  • Compliance & Risk
    • Compliance
    • FCPA
    • Fraud
    • Risk
  • Finserv & Audit
    • Financial Services
    • Internal Audit
  • Governance
    • ESG
    • Getting Governance Right
  • Infosec
    • Cybersecurity
    • Data Privacy
  • Opinion
    • Adam Balfour
    • Jim DeLoach
    • Mary Shirley
    • Yan Tougas
No Result
View All Result
Corporate Compliance Insights
Home GRC Vendor News

FTI Consulting Publishes “2016: The Year in Crisis”

by Corporate Compliance Insights
March 1, 2017
in GRC Vendor News
FTI Consulting Publishes “2016: The Year in Crisis”

More than two-thirds of crisis managers believe the world will become a riskier place to do business in the next three years

  • 64 percent of crisis managers around the world believe that corporate risk escalated in 2016
  • 73 percent report crises that could have significantly harmed the reputation of their firm in 2016
  • Cyberinsecurity was the most frequent source of risk, accounting for 53 percent of major crises that threatened the firm’s reputation
  • 67 percent of crisis managers believe the world will become an even riskier place to do business in the next three years

2016: The year in crisis, a report by The Economist Intelligence Unit (EIU) and sponsored by FTI Consulting, is based on a global survey of 537 experienced managers of corporate crises. More than 50 percent of respondents were members of the board of directors or C-suite.

Executives across industries say that corporate risk has grown – for example, 71 percent of respondents in IT, 66 percent of those in financial services and 64 percent of energy executives believe risk escalated in 2016. When asked to name the crisis that had the greatest impact on their firms’ reputation, 27 percent reported cyberattacks that targeted sensitive data, 13 percent identified cyber theft and 13 percent cited hacking that released sensitive information. This totaled 53 percent of all attacks, making cyberattacks larger than all other crisis types combined.

Social media is seen as having a strong influence on how crises unfold. Seventy percent of the executives surveyed believe that social media amplifies corporate crises, and 73 percent believe it accelerates the pace of crisis management.

Looking ahead, executives identified the factors they expect to have the greatest influence on crises over the next three years. Cyber risk was cited most often (by 36 percent of respondents), while political risks such as abrupt policy changes (32 percent) and income inequality (31 percent) ranked second and third.

West Coghlan, the editor of the report, said:

“Firms are facing a perfect storm of risk. Standard risks – product recalls, regulatory investigations, environmental accidents – continue to create crises. Many executives believe there is increased risk in the political sphere. Cyberattacks are seen as a major source of future risk. Add them together and you have a perception that the world is becoming an increasingly risky place to do business.”

To download the report, click here.

About The Economist Intelligence Unit

We deliver vital business intelligence to executives the world over. With access to over 650 expert analysts and editors across 200 countries worldwide, underpinned by an unrivaled in-house survey panel that bolsters the qualitative and quantitative analysis, we uncover novel and forward-looking perspectives. We apply the same rigor of our editorial heritage to design content that goes beyond the expected. And our reputation for authority and independence ensures access to elite contributors in every market in the world, providing truly distinctive viewpoints. More information can be found at https://www.eiuperspectives.economist.com or https://twitter.com/EIUperspectives.

About FTI Consulting

FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 4,600 employees located in 29 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The company generated $1.78 billion in revenues during fiscal year 2015. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.


Previous Post

5 Compliance Benefits of Modernizing Legacy Business Applications

Next Post

Self-Appointed Leadership Positions

Corporate Compliance Insights

Corporate Compliance Insights

Corporate Compliance Insights

Related Posts

new york and us flags

New York Tightens the Breach Clock: 30 Days to Notify

by Melissa Crespo and Reiley Porter
May 12, 2025

State joins growing national trend toward broader personal information definitions and stricter notification timelines for data compromises

stablecoins

Exploring CorpFin’s New Perspective on Covered Stablecoins

by King & Spalding
May 12, 2025

Guidance clarifies when digital assets function as payment tools rather than investment vehicles

news roundup data grungy

DEI, Immigration Regulations Lead List of Employers’ Concerns

by Staff and Wire Reports
May 9, 2025

Half of fraud driven by AI; finserv firms cite tech risks in ’25

GFT Canada Update

GFT Expands AI Compliance Suite for Canadian Credit Unions

by Corporate Compliance Insights
May 8, 2025

Digital transformation company GFT has expanded its compliance suite to help Canadian credit unions combat payment scams and identity theft...

Next Post
man on tall ladder against city skyline

Self-Appointed Leadership Positions

No Result
View All Result

Privacy Policy | AI Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Research
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2025 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • About
    • About CCI
    • CCI Magazine
    • Writing for CCI
    • Career Connection
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Library
    • Download Whitepapers & Reports
    • Download eBooks
    • New: Living Your Best Compliance Life by Mary Shirley
    • New: Ethics and Compliance for Humans by Adam Balfour
    • 2021: Raise Your Game, Not Your Voice by Lentini-Walker & Tschida
    • CCI Press & Compliance Bookshelf
  • Podcasts
    • Great Women in Compliance
    • Unless: The Podcast (Hemma Lomax)
  • Research
  • Webinars
  • Events
  • Subscribe

© 2025 Corporate Compliance Insights