WTW rolls out new cyber risk assessment services

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To help clients manage cyber risk better, the global insurance brokerage and risk management firm has launched Workforce Cyber Culture Assessment (WCCA) and Ransomware Risk Assessment (RRA) services.

WCCA assesses people risk and the impact of business culture in a cyber context. It can highlight any perceived “high risk” attitudes and behaviours within the workforce to cyber risk, such as current working environment and workplace pressures.

Meanwhile, RRA focuses on the most severe cyber threats facing organisations globally and observes the entirety of a client’s ransomware threat surface across several key risk areas. It provides clients with a unique, tailored

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Global M&A market sees rebound in fourth quarter – WTW

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Acquirers globally have now on average failed to add value from transactions for the last four years, based on share-price performance – underperforming the Global Index by -1.99 percentage points over the past year, Willis Towers Watson said.

While the COVID-19 pandemic deadened M&A activity for much of 2020, QDPM data showed a sharp uptick in volume in the fourth quarter, with 246 deals completed worldwide. That’s up from 210 in Q4 2019, and includes the highest ever number of large deals ever completed in a final quarter at 61.

European buyers outperformed their regional index by 5.3 percentage points

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Unlocking the value of digital identity in the payments ecosystem

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In ever more challenging times, the payments industry needs to maintain trust by finding a way to protect consumers from the constant threat of payment fraud and theft. Consumer’s wishing to limit physical contact during the current pandemic has led to the popularity of contactless payments which has accelerated in multiple territories.

Unlocking the value of digital identity in payments

In the US, one in five shoppers have made a contactless payment for the first time during the pandemic according to research published in August by the National Retail Federation and Forrester. The bad guys have unfortunately taken note.

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Future of fraud forecast reveals threats facing businesses in 2021

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With the growing threat of fraud fuelled by the digital acceleration that took place in 2020, the 2021 Future of Fraud Forecast reveals five emerging fraud threats facing businesses.

The rapid increase in digital use created a perfect storm for fraudsters to quickly find new ways to steal funds, capitalising on consumers’ lack of familiarity with digital platforms and the resource constraints faced by many businesses, according to Experian.

In fact, from January 2020 to early January 2021, the Federal Trade Commission released that consumers reported over 275,000 complaints resulting in more than $210 million in COVID-19-related fraud loss.1

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