Eliminating Language Barriers Between Information Security and the C-Suite
Whether or not security operations pose a core focus to a company or are an afterthought, the largest obstacle now affecting business and security outcomes is the language barrier that exists between...
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Increasing Risk Complexity Outpaces ERM Oversight
More organizations are recognizing the value of a structured focus on emerging risks. The number of organizations with a complete enterprise risk management (ERM) program in place has steadily risen...
View ArticleFirestorm Over Forced Removal Proves Costly for United
United Airlines stock tumbled nearly 4% in early trading Tuesday morning before recovering late in the day as the company continued to deal with fallout after video surfaced showing a passenger being...
View ArticleIt’s a Great Time to Be a Risk Manager
2017 has so far been a wild ride of change. Companies are navigating through a new U.S. administration, Brexit and cyber risks that are more daunting each day. We are bombarded with uncertainty and...
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Disruptive Technologies Present Opportunities for Risk Managers, Study Finds
PHILADELPHIA–Disruptive technologies are used more and more by businesses, but those organizations appear to be unprepared. What’s more, companies seem to lack understanding of the technologies and...
View ArticleTotal Cost of Risk Drops for Third Straight Year, RIMS Finds
Despite the challenges of a slowed economy in an election year, a shifting risk landscape as a result of technological advances, and a slow to negative growth rate in some sectors, 2016 saw the total...
View ArticleIn a Changing World, Questions For the CRO
Before the financial crisis in 2008-2009, many businesses didn’t think of risk as something to be proactively managed. After the crisis, however, that paradigm shifted. Companies began perceiving risk...
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Fewer Sleepless Nights for Compliance Executives
Improved compliance programs, sufficient resources and board access have meant fewer concerns about personal liability for compliance executives, according to a study by DLA Piper. In its 2017 Global...
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5 Strategies to Maximize Your Risk Assessments
While risk assessments enable organizations to understand their business issues and identify uncertainties, the best assessments go further. They prioritize top risks, assign risk ownership, and most...
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Can You Have Too Many Coffee Shops?
The collective mood among Starbucks (SBUX) shareholders may have been dark and intense on Wednesday, following a 1% downgrade of the coffee company’s share price by BMO Capital Markets due to “store...
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A New Approach to Managing a ‘Classic’ Reputation
A new Coca-Cola-sponsored contest seems to publicly acknowledge its reputational risk, but at a minimal cost that could manage or even reduce it. In early August, the beverage giant announced its...
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High Performance Risk Management
LOS ANGELES—Risk managers, whose job once focused on a basic “bucket of risks,” and making decisions about which risks are transferable and which ones the company should retain, have been “migrating...
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LIRR Misses Critical Juncture for Positive Train Control
Last week, the Long Island Rail Road (LIRR) confirmed interruptions in its ability to fully install positive train control (PTC) across its system by the end of the year. Newsday reported that the LIRR...
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Starbucks And Coffee Industry To Reassess Strategies
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...
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Resiliency in 2018: Q&A With BCI’s David Thorp
Organizational resiliency is a focus of the Business Continuity Institute (BCI) and executive director David Thorp. It was the theme of this year’s annual Business Continuity Awareness Week, which Risk...
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RIMS ERM 2018: Earning the ‘Mandate’ and a ‘Seat at the Table’
MONTREAL – More than 300 risk management professionals and students attended the 2018 RIMS ERM Conference on Monday and Tuesday in an effort to gain insight from, and network with, the industry’s...
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How a Strong(er) SRM Program Could Have Helped Boeing
A strategic risk management (SRM) program is designed to assist organizations in identifying, prioritizing, and planning for the strategic risks that could impair or destroy businesses and reduces the...
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Saint Joseph’s University Wins Spencer-RIMS Risk Management Challenge
BOSTON—Students from Saint Joseph’s University won the Spencer-RIMS Risk Management Challenge at RIMS 2019. Comprising team members Joseph Angelina, Katherine Branson, Ashley Myers, Daniel Tan, and...
View ArticleThe Case for Strategic Risk Management
At last week’s RIMS 2019 in Boston, a group of risk professionals got together for the panel session “NextGen ERM: Strategic Risk Management” to discuss the advantages of strategic risk management...
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The Risky ‘Business of Art’ Explored at Observer Event
From left: Massimo Sterpi, Elena Zavelev, Anne Bracegirdle, Devin Finzer, Curt Bilby / Photo: Keith Sherman & Associates NEW YORK—On May 21, the Observer’s inaugural “Business of Art Observed”...
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