Businesses in the United Kingdom could be facing a very challenging year with threats from the spreading bird flu virus and concerns over increased sophistication of cyber crime, a major brokerage firm said.
Chicago-based Aon's London office released its "2007 Risk Report" warning senior management to take the lead in stepping up their business continuity plans in the face of these major risk challenges.
Outlining the most prominent risks in 2007 from environmental liability to pandemics, the report underscored the growing importance of business continuity management (BCM), which it identified as the single process that can mean the difference between business survival and collapse.
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