resilience (18)

In our Operational Resilience Outlook Report 2024, only half of all respondents reported having a common understanding or definition of operational resilience within their organisations, with 30.8% saying they do not, and 19.2% unsure.
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Australian mutuals, dedicated to sustainability for decades, lead the charge in building resilient enterprises against climate challenges. Ben Woods of Australian Mutuals History highlights their early actions, B Corp certifications, and eco-initiatives, inspiring a future of sustainability, transparency, and collaboration for all.
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Australian mutuals, resilient against evolving cyber threats, serve as a model for financial institutions. Explored by Ben Woods from Australian Mutuals History, their proactive approach emphasizes early awareness, collaboration, and innovation, offering essential lessons for building secure enterprises in the perpetual war against cybercrime.
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Corporate governance expert Nigel Kendall underscores the urgency for boards to build resilient enterprises in today's volatile business landscape, emphasizing the fiduciary duty beyond profitability. His insights explore the holistic approach to governance, linking ethical culture and adaptable business models, while drawing on case studies like Carillion and Wirecard to stress the consequences of negligence.
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The Bank of England, PRA, and FCA have put together a joint proposal, shedding light on the crucial aspects of fortifying critical third parties in the UK's financial sector. Explore the key events, regulatory strategic oversight, and proposed operational requirements that will shape the future landscape, providing you with valuable insights to navigate the evolving complexities of third-party dependencies.
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Hello Global Risk Community member,

In 2020, the average cost of a data breach was $8.64 million. Cyber risks are on the rise, partly due to the increasing influence of artificial intelligence. The Federal Reserve, as well as the Securities and Exchange Commission recently recognized the importance of a proactive and well-organized approach to cyber risk management.
Discover how to identify, assess, and address cyber risk to protect your business with Protecht
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Hi Global Risk Community member,

Join Protecht’s upcoming webinar on "How integrating IT and enterprise incident frameworks can improve your resilience" on Thursday, March 30th at 3pm-4pm ET. Protecht’s Michael Howell and Terence Lee will provide an overview of incident management, and how an integrated approach can improve your operational resilience.

They will cover:

  • Different types of incidents
  • Integrating IT-related incidents with enterprise incidents
  • Incidents in the operational resilie
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Hello Global Risk Community member,
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High inflation, the war in Ukraine, and Covid-19 have caused major disruptions to our economy. While we may not have control over these disruptions, we must develop the muscle memory to anticipate, mitigate, and minimize such shocks to our organizations. That is where operational resilience comes in.

In continuing the year-long series of risk management webinars, join thought leaders from The Protecht Group for a session on operational resilience. The web

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The uncertain times, coupled with the COVID-19 pandemic, have spur leaders to reflect on what kind of organization, culture, and Pic-1-Team-Resiliency-300x200.jpeg?profile=RESIZE_710xoperating model they need to put in place. This is to avoid returning to previous patterns of behavior and instead, be able to embrace the next normal.

In this rapidly changing environment, people in organizations need to respond with urgency, without senior executives and traditional governance slowing things down. Waiting to decide, or even waiting for approval, is th

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8028317477?profile=originalReducing the fragility of global Supply Chains in the event of disruption through natural or other disasters is a major concern for most senior executives.  This rings true more so now than ever, as the world grapples with COVID-19, the worst human health crisis in 100 years.

The strategies to enhance the effectiveness and readiness level of Supply Chains and to reduce risks associated with disruption come with a price.  These costs are critical to build Supply Chain Resilience across all industr

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This is a transcript of our interview with Jim Wetekamp, CEO at Riskonnect.

You can watch the original video interview here

 

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Boris: Hello ladies and gentlemen, and welcome to our interview with Jim Wetekamp. Jim is a CEO at Riskonnect, Riskonnect is a global leader in integrated risk management technology and the world’s largest risk information and system provider. Jim, thank you for coming to our interview today. Could you please tell me a short story about Riskonnect?

Jim: Sure, I appreciat

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In today’s digital age, organizations are faced with the changing nature of the demand curve and the element of uncertainty in the pic-1-Digital-Supply-Chain-Strategy-300x200.jpeg?profile=RESIZE_710xsupply chain. For operations teams, the challenge and competitive advantage have become: How well do you respond and execute against ongoing uncertainty.

With the world being so unpredictable, chaos is now the new normal. Timetables and priorities have shifted. A supplier fails to deliver. Demands on supply chains are increasing exponentially. A few years ago, supply

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This white paper is intended for readers who are familiar with Business Continuity Management (BCM) and Disaster Recovery (DR) and the processes to develop and manage related policies, standards and procedures.  The purpose is to provide guidance to the effective implementation and maintenance of resilience and disaster recovery capability of IT systems, and is applicable, by scaling, to all sizes of business organisation. A full copy of the paper is at http://www.austinriskconsultants.com/downl

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8028248460?profile=originalI recently authored a whitepaper for the Society of Actuaries 2016 Risk Symposium, exploring the strategic value of risk management.

Here is the Abstract:  

Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place.

Better still, companies gain real strategic value from a “risk adjusted” understanding not only of

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Risk Leadership: Beyond Resilience

Risk Leadership: Beyond Resilience

I have long described the aim of Enterprise Risk Management to be to develop an Adaptive and Resilient organisation (check out my RMP Healthcheck).  In recent times the concept of Organisational Resilience has become popular, in particular for those in government and the owners and operators of critical infrastructure.  Both concepts, in my opinion, have similar aims, drivers, benefits and barriers and are about nurturing a successful organisation for decades a

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Global Risks 2013

Well the time of year has come around again for the World Economic Forum and its various research publications on Risk Management. This year the whole program is dedicated to the theme of resilience.
 
In this short blog posting, we'll take a look at the WEF report on Global risks 2013 and which country comes out best as a leader in risk management.
 
Before reading on however, can you guess who is going to be at the top of the league table?
 
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