This post first appeared on Risk Management Magazine. Read the original article. Never has senior management been faced with so many daily organizational threats stemming from computer-enabled perils. Risk management for protection of senior officers and the board has taken on new dimensions with unparalleled cybercrime and sweeping new data privacy regulations. The coronavirus pandemic (more…)

The breach at one of the networks of the Defense Information Systems Agency (DISA), which secures communications for President Trump and military intelligence and other government officials, affected as many as 200,000 people

This post first appeared on Risk Management Magazine. Read the original article. Each new, unforeseen black swan event highlights valuable lessons for businesses and risk managers about how to respond. The coronavirus (COVID-19) outbreak is no exception. Based on what is known so far about the disease, we can already draw some general conclusions about (more…)

This post first appeared on Risk Management Magazine. Read the original article. Today’s business landscape is constantly evolving, producing new risks and opportunities that require a renewed focus on education, planning and developing proactive measures to respond effectively. What threats should risk leaders prepare for? The following six trends have the potential to significantly alter (more…)

This post first appeared on Risk Management Magazine. Read the original article. Technology promises to alter the practice of risk management. Will these advances simply change how risk professionals work or create new, more strategic roles? As organizations rely more heavily on advances in areas like artificial intelligence, data analytics and machine learning, the nature (more…)

This post first appeared on Risk Management Magazine. Read the original article. The World Economic Forum reports that more than 25% of a company’s market value is directly attributable to its reputation. Yet, according to a Deloitte survey, only half of business leaders can identify reputational risk events and only 53% have the capacity to (more…)

This post first appeared on Risk Management Magazine. Read the original article. As cybercrime becomes increasingly sophisticated, risk professionals must work in conjunction with their company’s chief information security officer, general counsel, CFO/treasurer, operations managers and human resources department to adopt a comprehensive approach to manage and respond to cyber-related exposures. Effective preparation is vital (more…)

This post first appeared on Risk Management Magazine. Read the original article. Consider the following scenario: A U.S. salesperson attended an annual sales meeting in Italy. She spent the morning at business meetings and then went on a hiking excursion at her own leisure. While hiking, she fell and broke her leg. Since the injury (more…)

This post first appeared on Risk Management Magazine. Read the original article. Schools confront many challenges related to students’ safety, from illnesses, bullying and self-harm to mass shootings. To address these concerns, they are increasingly turning to a variety of technological options to track students and their activities. But while these tools may offer innovative (more…)

This post first appeared on Risk Management Magazine. Read the original article. In 2019, U.S. risk management professionals saw a 3.8% average increase in their base salary over the previous year, while their Canadian counterparts received a 3.6% raise, according to the biannual 2019 RIMS Risk Management Compensation Survey. Compared to 2017 results, however, these (more…)