Risk

Risk refers to threats an organization faces -- loss of earnings, loss of reputation, or harm of any kind.  These articles explore the challenges of preventing, identifying and mitigating risk. Risk can come in many forms, including financial issues, legal liabilities, strategic or leadership errors, or accidents and natural disasters. Today,  IT- and data-related risks are growing concerns. The following articles about risk look at the issue from many angles, especially from that of compliance officers and risk managers.

Preparing for the Unexpected

Preparing for the Unexpected

Having rapid-response teams in place and prepared for the eventuality of a crisis does more for your organization than simply prime it to communicate quickly with shareholders and the public. Failure to respond and act appropriately in the immediate wake of a crisis could be the kiss of death for an organization. Risk assessment, however, can truly bolster your preparedness...

6 Steps to Reduce Business Travel Risks

6 Steps to Reduce Business Travel Risks

There are some crises you can predict and plan for, and there are some you can't. Surprises such as an earthquake or a sudden medical emergency are stressful enough when you're in the comfort of your hometown -- even more so when you're traveling for business. Companies can prepare themselves for dealing with these crisis, however. Practice makes perfect!

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Nepal: Risk from the Theoretical to Reality

Risk is in the eye of the beholder. At least that's how it seems, since one person's perception of risk can be vastly different from someone else's in a similar situation. The reality is, however, that risk has much more to do with probability than perception. And while probabilistic modeling isn't a science, it may help your organization improve its...

Justice Department Provides Cybersecurity Guidance

Justice Department Provides Cybersecurity Guidance

If preparation is the key to success, then the Department of Justice is handing keys out left and right. The DOJ has compiled a list of best practices for how to handle cyber incidents. As abundant as these risks have been of late, organizations ought to be planning for the eventuality that they will come under attack by cyber criminals....

The Importance of Risk Culture

The Importance of Risk Culture

Risk culture - a reflection of a company's goals and values - evolves as the organization does. That's not to say that it can be ignored; on the contrary, it should be regularly evaluated and improved. Jim DeLoach outlines a myriad of ways executive management and the Board can make assessments and drive enhancements to risk culture.

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