Centre for Risk Studies
The Centre for Risk Studies provides frameworks for recognising, assessing and managing the impacts of systemic threats. The research programme is concerned with catastrophes and how their impacts ripple across an increasingly connected world with consequent effects on the international economy, financial markets, firms in the financial sectors and global corporations. To test our research outputs and guide our research agenda, the Centre engages with the business community, government policy makers, regulators and industry bodies.
Who we are
At the heart of the Centre is a dynamic, multidisciplinary team of individuals drawn from varied fields researching a range of topics as diverse as cyber insurance to geopolitical conflict.
What we do
Research
Currently pursuing many inter-related research tracks, exploring a wide range of different threats and developing a common framework for risk analysis aimed at quantifying resilience.
The Risk Prize
An annual competition held with McKinsey & Company to recognise the best submission on risk management by a current postgraduate student at the University of Cambridge and the School.
Risk Summits
Annually bringing together senior executives and decision makers from business, government and industry backgrounds, as well as a variety of researchers, to explore pressing issues in risk management.
Risk events
The Centre runs an active programme of events in which academics, business leaders, policy makers and other stakeholders discuss and develop responses to risk-management issues.
There are currently no upcoming events. Please check back again later.
News and insights from Centre for Risk Studies
Read the latest news and insights from Centre for Risk Studies.
From taking a risk at Cambridge Judge Business School to founding the CJBS Centre for Risk Studies, we meet Danny Ralph, Professor of Operations Research, Academic Director of the Centre for Risk Studies (CRS), Director of Studies in Management Studies and Fellow of Churchill College.
AI and technology
How your firm can defend itself from a ransomware attack
Ransom was paid in 72% of ransomware cases in which companies sought professional assistance, says report by Centre for Risk Studies at Cambridge Judge Business School and Kivu Consulting based on a novel dataset.
The Centre for Risk Studies and BitSight today announced a new research partnership that will analyse the relationship between organisational cybersecurity investments and risk reduction. The partnership combines security programme investment costs, BitSight's cybersecurity performance data, and the Centre's sophisticated risk and incident modelling in order to help organisations evaluate security and risk management decisions and measure the efficacy of their investments in reducing risk. The partnership comes at a critical time for security professionals to demonstrate the value of their investments to senior leaders. In spite of record spending on cybersecurity technology in 2021, cyber attacks continue to escalate and cause massive financial damage to organisations across all sizes and sectors. Security and risk professionals face growing pressure from executives and boards to quantify the effectiveness of their investments in reducing risk. Jacob Olcott, BitSight's Vice President of Communications and Government Affairs said, "For far too long, organisational cybersecurity decisions and investments have been influenced by fear and marketing. It is critical for security and risk professionals to leverage data analysis in strategic decision making. This partnership will produce unique and valuable research to help leaders consider the financial costs and risk reduction benefits of their cybersecurity strategies. We…