Managing Pain in the Workforce

This post first appeared on Risk Management Magazine. Read the original article. Pain is the top cause of adult disability in the United States, costing the workforce as much as $334 billion each year in lost productivity costs, according to a 2012 study in the Journal of Pain. While the musculoskeletal “pain points,” such as (more…)

Cyberrisk, Talent Pose Top Risks for Financial Services

This post first appeared on Risk Management Magazine. Read the original article. Risk management is gaining prominence in the financial services industry, with 44% of boards of directors devoting more time to oversight of risk management, according to Deloitte’s latest Global Risk Management Survey. The most common risk management responsibilities cited by boards were reviewing (more…)

Zombie Risk Management 101

This post first appeared on Risk Management Monitor. Read the original article. An emerging risk over the past 10 years has been the rise of undead walkers, or “zombies” and their influence on supply chains, natural resources and mortality rates. These once-alive individuals thrive on human flesh and spread deadly diseases; their exploits have been (more…)

Critical Infrastructure Protection: DHS Risk Assessments Inform Owner and Operator Protection Efforts and Departmental Strategic Planning, Oct 30, 2017

This post first appeared on GAO Reports. Read the original article. What GAO Found The Department of Homeland Security (DHS) primarily conducts assessments for each of the three elements of risk—threat, vulnerability, and consequence—for critical infrastructures from the three sectors GAO reviewed—Critical Manufacturing; Nuclear Reactors, Materials, and Waste; and Transportation Systems. In limited circumstances, DHS (more…)

Federal Facility Security: Selected Agencies Should Improve Methods for Assessing and Monitoring Risk, Oct 26, 2017

This post first appeared on GAO Reports. Read the original article. What GAO Found None of the four agencies GAO reviewed—U.S. Customs and Border Protection (CBP), the Federal Aviation Administration (FAA), the Agricultural Research Service (ARS), and the Forest Service—used security assessment methodologies that fully aligned with the Interagency Security Committee’s Risk Management Process for (more…)

Protecting Your Company from Rogue Employees

This post first appeared on Risk Management Monitor. Read the original article. While employee malfeasance rarely takes down entire companies, it can result in serious fines, sanctions, court judgments, settlements and reputational damage. Big data analytics is one way leading companies are able to mitigate risk, by proactively detecting threatening or illegal behavior. Traditional ERM (more…)

Recovery Plans Critical Following Active Shooter Incidents

This post first appeared on Risk Management Monitor. Read the original article. October has been mired by mass shootings in the United States. Incidents in which four or more people were shot—the criteria for a mass shooting—have occurred 15 times in the last 18 days. The Oct. 18 occurrence at a business park in Maryland, (more…)

A Legacy of Risk: Technology Transformation in Practice

This post first appeared on Risk Library. Read the original article. This white paper examines the challenges faced by risk management executives when attempting to replace their risk technology architectures. It highlights lessons learned during this process and pitfalls to avoid, including those related to technical, operational, and cultural factors.

RIMS Legislative Summit 2017: Focus on Flood

This post first appeared on Risk Management Monitor. Read the original article. WASHINGTON—The RIMS Legislative Summit kicked off on Wednesday in Washington, D.C. with a panel lead by Congressional office staff. Panelists included Lisa Peto, chief counsel for the Financial Services Committee; Democratic Staff in the U.S. House of Representatives: Jason Tuber, Senior Advisor to (more…)