This post first appeared on Risk Management Monitor. Read the original article. Regardless of whether or not their organizations operate in states where the use of Official Disability Guidelines (ODG) has been adopted/mandated, risk managers can often leverage ODG data and the claim data from their risk management information systems (RMIS) to benchmark the medical (more…)
Census Bureau Isn’t Properly Managing Its Risk Management Review System
This post first appeared on Next Gov. Read the original article. A lack of continuous assessment and oversight led to bad reporting, which in turn led to bad decision-making and a weak cybersecurity posture.
Using Adaptive Behavioral Analytics to Detect Fraud
This post first appeared on Risk Management Monitor. Read the original article. While fraud threats are nothing new for payments processors and financial institutions, the degree and magnitude of such incidents have escalated in recent years. A February 2018 Javelin study found that nearly 16.7 million consumers were victims of identity fraud in 2017—up 8% (more…)
Mini Meteorologists: How Innovations in Satellite Technology Are Reducing Weather Risks
This post first appeared on Risk Management Magazine. Read the original article. “Even with all our technology and the inventions that make modern life so much easier than it once was, it takes just one big natural disaster to wipe all that away and remind us that, here on Earth, we’re still at the mercy (more…)
Mini Meteorologists: How Satellite Technology Is Reducing Weather Risks
This post first appeared on Risk Management Magazine. Read the original article. “Even with all our technology and the inventions that make modern life so much easier than it once was, it takes just one big natural disaster to wipe all that away and remind us that, here on Earth, we’re still at the mercy (more…)
Storm Surge: Lessons Learned from the 2018 Japan Floods
This post first appeared on Risk Management Magazine. Read the original article. In June and July, parts of western Japan were hit by torrential rains, with some regions experiencing record-breaking totals of more than 1,000 millimeters (39 inches) of precipitation in only a few days. The heavy rains led to widespread floods and mudslides throughout (more…)
A New Recipe for Food Contamination Risk Management
This post first appeared on Risk Management Magazine. Read the original article. In April 10, 2018, the Centers for Disease Control and Prevention (CDC) announced there had been an outbreak of E. coli O157:H7 that was eventually traced to romaine lettuce. By the time the outbreak was declared over on June 28, 210 people had (more…)
Taking a Stand Is Taking a Risk
This post first appeared on Risk Management Magazine. Read the original article. Businesses are increasingly dealing with a new type of risk that carries new threats to their reputation and bottom line: controversial social issues. Such crises often center on hot-button topics like social injustice, immigration, gun control and trade wars. While speaking out may (more…)
Continuity Planning with the Bowtie Method
This post first appeared on Risk Management Magazine. Read the original article. Many organizations make the mistake of treating risk management and business continuity as different programs. Rather, to be optimally effective, the two must be combined and aligned. Business continuity traditionally starts with a business impact assessment, but many companies fail to go beyond (more…)
An Enterprise Approach to Data Security
This post first appeared on Risk Management Magazine. Read the original article. Every organization today is undergoing a journey to take advantage of the technological advances that are transforming the way we do business. This business evolution has, in turn, made information and data some of the most valuable corporate assets. But like any asset, (more…)