Adnkronos (Adnkronos) – Artificial intelligence, cybersecurity, regulations, and geopolitical tensions: the risks affecting businesses and institutions are increasingly numerous and interconnected. Addressing them requires siloed management, not a holistic view capable of anticipating critical issues and assessing their impact. EY, a global leader in professional services for audit and organization, tax and legal assistance, strategy, transaction, and consulting, has developed EY Hub Risk, a platform that integrates professional expertise, technology, and data to support public and private organizations in managing risk.
In real crises, risks rarely occur in isolation. A cyber breach can turn into a privacy and liability issue; geopolitical tension can compromise the supply chain; financial difficulty can generate reputational consequences. A domino effect that requires a coordinated approach. Growing regulatory pressure further complicates the scenario.
According to EY analyses, 50% of organizations are struggling to keep pace with regulatory changes, while over 80% plan to increase investments in compliance technology and automation. On the financial crime front, a LexisNexis study for the EMEA region found a 78% increase in anti-money laundering screening alerts, with growing volumes not always translating into a greater ability to identify actual critical issues.
The challenge, therefore, is not just controlling individual risks, but understanding their interconnections. Digital transformation expands exposure to cyber threats, artificial intelligence opens up new areas of responsibility, and global supply chains increase exposure to operational and geopolitical shocks. These factors are compounded by fraud, financial crime, and ESG risks, which are increasingly relevant to strategic decisions. In this context, EY Hub Risk proposes an integrated management model that connects specialized skills, information, and control systems with the aim of overcoming data and accountability fragmentation, building a comprehensive map of risks and their interconnections, and strengthening monitoring capacity.
"In a context where uncertainty has become a structural component, managing risk must also serve to make the organization more aware, resilient, and capable of adapting," comments Francesco Lecis, Partner Client & Industries and BD Leader at EY Italy. "This is the goal behind EY Hub Risk: to bring together skills, technologies, and AI to interpret the various dimensions of risk with a shared perspective, geared toward decision-making and value creation. The most resilient organizations are those that integrate risk into their decisions and transform uncertainty into a tool for guiding investments and sustaining long-term growth. When risks are interconnected, the response must be interconnected as well."
Technology, data analytics, artificial intelligence, and automation also enable more continuous monitoring and strengthen the ability to anticipate risks and opportunities, provided they are integrated with multidisciplinary knowledge. Professionals from individual fields retain a central role, but must be able to communicate with each other. Transforming information from different contexts into useful tools for management decisions means moving from a predominantly reactive approach to one capable of anticipating critical issues, guiding investments, and strengthening organizational resilience.
“Today the real issue is understanding the connections between risks, even before identifying them individually,” explains Luca Galli, Hub Risk Leader of EY Italy. “A cyber, geopolitical, or financial event can
rapidly spread to other dimensions of the organization, generating consequences that no one had foreseen. With EY Hub Risk, we help companies and institutions overcome the silo logic and develop a comprehensive vision, capable of anticipating cascading effects and supporting more timely decisions.”
For more information: https://www.ey.com/it_it/insights/hub-risk/governare-i-rischi-ey-punta-su-un-modello-integrato
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