Risk

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Counterintuitive

It takes guts - and a new way of thinking - to change the status quo. But challenging the way things have been done can be a very good thing, particularly if outcomes have been less than ideal. While it's not a scientific discipline per se, the way companies practice risk management could be much improved ...

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An Earthquake Survival Guide

Until a crisis presents itself, it's not apparent from the outside whether sufficient resources have been dedicated to managing risks. But if and when that disaster eventually arrives, it will be too late to plan for the worst. Take proactive, preventive steps now to ensure your firm is prepared to handle its greatest risks and boost its ...

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Defining the Five Lines of Defense

Rather than segregating risk management responsibilities into their own silo, making them the purview of only a select few, companies would benefit greatly from an integrated approach in which every person in the organization is responsible to some extent in managing risk. Jim DeLoach presents a method involving five distinct lines of defense. Read on for details. ...

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Avoid Data Leaks: Make Content Sharing Safe and Compliant

The necessity of guarding against data breaches is more apparent with each passing day and each new scandal. Finding the right solution, though - that's the tricky part. There are a plethora of options available, and not all are created equal. Implement the right one for your company to protect your firm, your staff and your ...

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Scoping Out Your Program/Risk Assessment

There is no one-size-fits-all risk assessment. Assessments should be fairly different, in fact, from one organization to another, since needs and risks are necessarily quite different depending on industry, location, lines of business, etc. The need for customized assessments is even greater when businesses are using combined risk and program assessments, in fact. Read on for ...

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Using a Risk Model as a Common Language

Risk management cannot possibly go well when the parties involved aren't speaking the same (risk) language. Minimize misunderstandings by making sure that everyone involved is operating from the same framework when it comes to uncertainty in environment, process and information for decision making. Jim DeLoach breaks down for us exactly what that means.

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What Every Board Member Should Know About Cybersecurity

Cybersecurity is as pressing a problem as ever, so the discussions around how to maintain privacy and protect the business should not only be ongoing, but also be happening at the Board level, involving senior management and other power players in the organization. As scams and hackers' schemes evolve, so to should your company's understanding of the risks ...

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Do You Have a Cybersecurity Problem?

If you believe cybersecurity risks are entirely the purview of the IT department, you're not alone. But you're also mistaken. Compliance has to partner with IT in conducting risk assessments, addressing threats and implementing solutions to keep the organization both on the technological forefront and protected as much as possible from data breaches.

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Understanding and Reducing Business Travel Risks for Employees

Companies doing business internationally face a great deal of risks and challenges. This article explores the necessity of accounting for employees' health and safety while they travel abroad. Having international insurance coverage may not be enough. Here, Mike Kelly addresses ways to reduce travel risk and ensure your staff are protected both stateside and overseas.

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Risk Management’s Tower of Babel

Put a dozen leaders in a room, set them to the task of defining risk management and you'll quickly find that when it comes to risk, most of us are speaking different languages. If Risk Managers are to be effective -- in everyone's eyes -- we'd all better find some common ground in terms of what constitutes a ...