Businesses increasingly concerned about reputational risk according to Willis Towers Watson survey
68% of clients surveyed have no framework in place for reputational risk
LONDON, Jan. 21, 2021 (GLOBE NEWSWIRE) In its 2020 Reputational Risk Survey published late last year, Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, revealed that 86 percent of clients are concerned about loss of income and a reduced customer base due to reputational risk.
In a world where social media allows views and opinions to be shared globally in a matter of seconds, an organisation’s reputation can change very quickly. With less stringent checks in place compared to traditional media outlets, it is easy to see why organisations are concerned about protecting their hard-won reputations.
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