Stress Testing in a World of Compound Risks and Polycrises

Stress testing has become a tool of choice in banking for risk managers and regulators alike, and it is used more widely as a way to assess resilience to severely adverse events. Yet even the most creative risk manager would have been challenged to design a scenario that would have adequately captured the plethora of shocks that manifested from early 2020 to the present (April 2023). We make use of the polycrisis concept to motivate a rethinking of stress test design.

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The Cyber Defense Assistance: Imperative Lessons from Ukraine

| Written By Gregory Rattray, Geoff Brown, and Robert Taj Moore | Russia’s further invasion of Ukraine in February 2022 was a watershed moment. Governments, citizens, and companies faced a choice—they could support Ukraine in its fight to defend its independence or they could sit back while Russia destroyed the post-war order that has stood since 1945. On an unprecedented scale, a major nation-state had engaged in coordinated, convergent digital and physical attacks in an effort to conquer a neighboring country.

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Multilateral Cyber Action Committee (MCAC) led by Next Peak’s Greg Rattray, Releases Joint Statement

Greg Rattray, Executive Director, and Ian Pelekis, Senior Cyber Risk Analyst at Next Peak helped form and drive the activities Multilateral Cyber Action Committee (MCAC). Recently, the MCAC brought together…

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CDAC Featured on “Click Here” Podcast Episode: “Rounding up a cyber posse for Ukraine”

They call themselves the Cyber Defense Assistance Collaboration (CDAC), and it is the brainchild of Greg Rattray, a former chief information security officer at JP Morgan Chase. For months, he has been helping build a kind of public-private partnership to combat destructive cyberattacks. This is the first time he’s speaking in depth about the initiative publicly.

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The Increasing Threat from Inside: A Proactive and Targeted Approach to Managing Insider Risk

Extracts from a report co-authored by Next Peak co-founder Jim Cummings in his capacity as Senior Advisor at Oliver Wyman. Co-authors: Paul Mee, Rico Brandenburg and Matthew Gruber. This report…

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