Conventional risk management tools are appropriate for managing known or anticipated risks; but threats outside these areas need a different approach. Dr Sandra Bell says that stress testing is one tool that provides the answer, helping identify and correct organizational vulnerabilities in a safe environment.
The majority (79.2 percent) of C-suite and other executives recently polled by Deloitte say that significant operational risk events impact shareholder value over the long term; yet, just 39.5 percent leverage advanced analytics to manage operational risk and only 6 percent use emerging technologies like cognitive computing and machine learning to do so.
With the explosion of social media today, can you actually get a rendering of what is being said about you, your organization, etc. so as to enable you to protect your reputation? Or, is it just too much and too overwhelming due to the velocity of information that exists today? Geary Sikich explores…
Weather risks are some of the most common cause of disruption to businesses in all regions of the world; and like all risks, the actual impact is related to how well the risk is managed. Ann Pickren provides some useful advice…
Aon has published its Global Risk Management Survey 2019, a web-based biennial research report which this year features responses from 2,672 risk decision makers from 33 industry sectors.
Risk managers are operating in an environment rich in data that when combined with growing alternative risk solutions can result in more robust risk finance strategies and more resilient organizations, according to a new survey report published by Marsh and RIMS.
Researchers from the University of Shanghai for Science and Technology have written a paper which presents a new way to model the risk propagation mechanism of supply chain risk.
A new report by Cass Business School for the ACCA (the Association of Chartered Certified Accountants) uncovers how board-level risk management activities vary in organisations as a result of internal and external factors.
Although they are new and often not well understood, emerging risks can be identified, evaluated and response plans can be implemented to create a competitive advantage for the organization, according to a new RIMS executive report ‘Identifying and Evaluating Emerging Risks’.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
