Report

Operational Risk Horizon 2022

Understand the emerging operational risk landscape

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Report - March 2022

This report was conducted as part of our new range of monitoring the risk landscape studies, which cover both emerging and material risks.

The 2022 Operational Risk Horizon 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.

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.