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Cyber Attack or Data Breach
Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. All leaders need a cyber game plan.
Industry Overview
Public Sector
Digitization Brings Service Delivery Improvements and New Risks
Public sector organizations continue to embrace new technologies to deliver citizen services and improve governance and public administration. These advancements generate incredible efficiencies and enhance user experiences, but also expose new risks and workforce needs.
For example, inconsistent data controls, immature cyber practices and rising geopolitical risk mean the threat of cyber attacks and data breaches are on the rise. At the same time, due to ongoing reliance on traditional human resources policies and slower career progression, organizations often struggle to attract much-needed technical talent into public service.
As the pace of change accelerates, public sector organizations must adopt new risk and people management strategies to keep up. Resiliency, in all its forms, will be key to these efforts. From establishing stronger disaster recovery protocols to protect physical assets to implementing novel health, benefit and rewards offerings, the public sector has opportunities to boost operational and workforce resilience.
At Aon, our teams have deep experience across all segments of the public sector, and we partner with clients to identify, quantify and manage their risk exposures, design and implement sustainable benefits and retirement programs, and improve overall employee health and wellbeing.
Top 5 Current Risks
According to our latest Global Risk Management Survey, the biggest risks facing the Public Sector industry include:
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Climate Change and the Threat to Water Security
Climate change is contributing to water crises around the world, and public and private stakeholders are seeking ways to respond.
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Leading the Biofuels Transition: Risk Strategies to Cut Through Complexity
Companies aiming to be a net-zero company may face many challenges during the biofuels transition. Read more on risk strategies to cut through complexity.
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Podcast 1 mins
On Aon Podcast 70: What Climate Risk Means for the Future of Responsible Investing
Episode 70: Aon experts discuss decarbonization, responsible investing, and tactics for greater resilience and how critical it is to navigate the broad landscape of climate-related investment risks and opportunities.
