The events of the past three years have wreaked havoc on even the best laid business plans. These times have brought into focus how inadequate our collective ability to discover and manage major risk events can be in the face of rapid change. While global enterprises are adjusting to constant upheaval in business operations, the face of risk to businesses will continue to be defined by its dynamic, pervasive nature.

Unfortunately, many risk management professionals take too narrow a view of the risks to their business. For example, just 31% of surveyed risk leaders completely agree that risks to their business can come from anywhere, yet the rise of digital business only opens up more opportunities for incidents to occur as more employees and third-party partners access critical business systems virtually, as climate risk increases the intensity and frequency of natural disasters, as cloud adoption grows, and as customer experience and customer expectations can make or break a brand.