For many, 2016 was an interesting albeit risky year.

In a well-publicized incident during the 2016 electoral cycle, acampaign official was embarrassed by the admission that he hadunwittingly clicked on a phishing email, which may have opened awindow to a significant security breach. In a completely separateseries of events, a well-known restaurant chain saw its brand undergo a seriesof tarnishing revelations regarding the difficulties withcontrolling certain bacteria during food preparation.

Both of these cases shared something in common: an initial orinherent risk as well as a larger exposure or series of follow-upeffects. In addition, they were both indicative of the kinds ofcomplex risks found in a fully networked and globalized economy. Itmight be instructive to look at a few recent trends in emergingrisks and consider why they may continue or even strengthen.

Cyber risk

Cyber risk is ever-evolving. Because everysecurity system is vulnerable, no cyber security policy isconsidered fully comprehensive. The constantly changing nature ofcyber risk threats means that while coverage can be written forknown risks, these are in a constant state of flux and the nextattack will have a different wrinkle.

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