[Free to read upon sharing contact details] As the build-up and response to Russia’s invasion of Ukraine has clearly demonstrated, the US, EU, UK, and many other countries use sanctions as both a reactive and proactive tool in foreign policy. Whether used as deterrent to specific actions or in response to major geopolitical actions, the sanctions themselves have significant and widespread implications for business that increase legal, operational and reputational risks to business across the globe.

[Free to read upon starting a free account] Interviewees of the report commented that their organisations had been targeted more in the last we months. However, organisations seem to be better prepared in preventing cyber attacks thanks to better cyber security systems in place, more staff dedicated to Cyber Resilience and more extensive training and exercising programmes.

There is a growing market for technology platforms which support organisations to manage supplier risk, and respondents viewed these as the most effective commercial tool for managing supply chain cyber security risk. The government is committed to supporting this market.

Ransomware attacks have continued hitting the headlines, and has rapidly become the key cyber threat to organisations globally. This despite an increasingly active and disruptive geopolitical threat picture with individual organisations, global supply chains and critical infrastructure also increasingly targeted by state-linked actors.