This post first appeared on Risk Management Monitor. Read the original article. Risk Management magazine and the Risk Management Monitor team wish our readers a very safe and happy Independence Day!
Starbucks And Coffee Industry To Reassess Strategies
This post first appeared on Risk Management Monitor. Read the original article. The coffee industry is poised for moderate growth in the next five years, but is warned of an emerging risk: an informed consumer, according to a recent IBISWorld report. “Despite long-term, aggregate declines in healthy eating, consumers are more aware of health issues (more…)
Information Technology: IRS Needs to Take Additional Actions to Address Significant Risks to Tax Processing, Jun 28, 2018
This post first appeared on GAO Reports. Read the original article. What GAO Found The performance of the Internal Revenue Service’s (IRS) selected information technology (IT) investments that GAO reviewed varied. Specifically, the four selected investments in the development phase that GAO reviewed spent less than planned, but most were behind schedule and delivered less (more…)
U.S. Border Agents Hacked Their “Risk Assessment” System to Recommend Detention 100% of the Time
This post first appeared on Next Gov. Read the original article. The Trump administration has modified that system that was created in 2013.
Medicaid: Actions Needed to Mitigate Billions in Improper Payments and Program Integrity Risks, Jun 27, 2018
This post first appeared on GAO Reports. Read the original article. What GAO Found GAO’s work has identified three broad areas of risk in Medicaid that also contribute to overall growth in program spending, projected to exceed $900 billion in fiscal year 2025. 1) Improper payments, including payments made for services not actually provided. Regarding (more…)
Safety Groups Warn of Added Summer Risks
This post first appeared on Risk Management Monitor. Read the original article. Summer has arrived, but it is not a time for total relaxation. According to the National Safety Council (NSC), July and August typically see more accidental deaths than any other two-month period—a trend that includes drowning, pediatric vehicular heatstroke, pedestrian deaths, natural disasters and (more…)
Border Agents Hacked Their ‘Risk Assessment’ System To Recommend Detention 100% Of The Time
This post first appeared on Government Executive. Read the original article. Risk assessment was already problematic. Now immigration authorities are throwing its “scientific veneer” to the wind.
Despite A ‘Near-Average’ Forecast, Hurricane Flooding May Increase
This post first appeared on Risk Management Monitor. Read the original article. With so many businesses and individuals affected by Hurricanes including Maria, Harvey and Irma in 2017, risk managers and insurers are looking to revised forecasts of this year’s hurricane season for a glimmer of hope that 2018 will not bring the same destruction. (more…)
New RIMS Report Delivers a ‘Wakeup Call’ To Risk Managers
This post first appeared on Risk Management Monitor. Read the original article. According to the new RIMS report, Enterprise Risk Management’s Wakeup Call: 10 Years After, an increasing number of organizations are at least partially integrating ERM into their frameworks as they prepare for the possibility of another financial crisis or a new threat. “The (more…)
Multiple Risks to Watch Out For at 2018 World Cup
This post first appeared on Risk Management Monitor. Read the original article. Above: Luzhniki Stadium in Moscow The 2018 World Cup tournament began on June 14 and lasts until July 15. Thousands of fans will travel to Russia for the event, which consists of 64 matches and 32 teams in 11 cities. Like other mega events, it (more…)