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Economists say that financial stability comes with low inflation rates. Where is the evidence? The lowest inflation rate nations are among the most unstable.

The Macro-economic Design and Management group is the only group looking at other causes. They are setting up a course in macro-economic design and management to show where the problems are coming from.

As one of the peer reviews says, "“When people realize what you have done all hell will break loose.” The innovations will be disruptive to e

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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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A Comparison Among the Three Most Important Strategic Frameworks: Porter, the Resource-Based View of the Firm, and the Delta Model

Enrique Suarez

http://www.wix.com/suarezenrique/delta

suarezenrique@yahoo.com

According to former MIT professor Arnoldo Hax, creator of the Delta Model, in spite of the enormous proliferation of competing schemes in the business strategy literature, there are two fundamental paradigms that have emerged as the most influential in the last two decades. First, Competitive

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The Biggest Botnet Was Shut Down

The German authorities in cooperation with the United States and Europol dismantled the Avalanche botnet.

Five people arrested, 37 searches, 39 seized servers and 221 servers taken offline, more than 800,000 domains blocked with the help of numerous cyber security experts. It is the biggest International operation in the history.

After four years of investigation, the final phase occurred on Wednesday 30 November 2016, under the leadership of the German authorities, in cooperation with their Ameri

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It is crazy to think that insurers are now the ones that need to manage their risk in the face of disruption. They must reinvent their business processes and strategies from the inside out to keep up with the rate of change. So, what are insurers doing to take action?

 

Insurance Nexus conducted exclusive interviews with the largest life insurer – Manulife and a mid-tier insurer IAT and created an exclusive white paper on analytics, business transformation and customer-centricity.

Take a look at th

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IMPACT 2016 has come and gone, and risk practitioners from across the United States and Europe were thrilled with the results. IMPACT 2016 was differentiated by the passion behind real customer stories, all shared with actionable takeaways. Topics included third-party risk management, performance integration, cybersecurity, and reporting to the board.

LogicManager’s annual ERM community conference was a breeding ground for new ideas and best practices, drawn from a broad range of industries. We’r

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Your team needs another team

In my last blog I spoke of your organisation as a market place where you and your team compete for resources. Those resources include money, people and the most valuable resource, people’s time. What you need is another team competing on your behalf. A team of advocates located in the key business units you want to engage with to ensure the valuable resources you need, you get.

In Seth Godin’s book Tribe he describes how he did just that in 1984 at the age of 24 after he joined software company S

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Several hours ago, infosec expert Derek Knight found a brand new Locky virus variant spreading out email messages that simulate an Internet service provider (ISP) alert declaring that SPAM has been identified originating from the PC.

After the initial examination of this Locky build, other researches from the Malware Hunter Team spotted that Locky had additionally altered the file extension for locked data to .aesir. This latest extension remains to be connected with the Norse mythology, with ear

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8028245283?profile=originalCyber risks like data breaches and ransomware are too often shrugged aside. The possibility of a cyberattack is rarely ignored, but it also rarely receives the attention it deserves. There are a few reasons for this:

  • Risk-based governance vs technology. Cybersecurity incidents result from internal governance deficiencies as often as from vulnerable technology. 63% of data breaches are caused by weak or infrequently changed internal passwords, according to Verizon’s 2016 Data Breach Investigations
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The list of recent FBI’s Internet Crime Complaint Center announcements focuses on the point that today, more than ever, business and private travelers should carefully protect their sensitive and personally identifiable information everywhere travel.

The FBI warns of numerous cases in which travelers’ laptops are corrupted with hostile applications and tools when using airport and hotel Internet connections.

Even though public Wi-Fi spots appear to be exceptionally unsafe, from a computer security

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The Boards of Directors of banks continue to face increasing accountability for ensuring their banks are effectively managing risk. Yet, despite improvements in risk identification, reporting, and strategic risk management initiatives, regulators still question whether banks are truly engaging in the right ways on the top risks that could bring down an individual bank or have a broader systemic impact.

Banks and banking rely on trust; and while it takes years to establish that with the public, it

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I think it all went wrong from the beginning; calling the risk practitioners "risk managers" creating the perception that they manage the risk, including the perception that the CRO is responsible for risk "management", Then the independent risk functions were mostly "born" out of the internal audit function and called the 2nd Line of Defense; creating the perception that it's another level of policemen and that there is something to "defend" against.

After all of that we created Red/Amber/ Green

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Your organisation is a market place.

I have had a few discussions lately about the importance of being crystal clear on why we do what we do. Our purpose. The reason this is so important is beautifully described by Simon Sinek in his book Start with Why: “…people don’t buy what you do, they buy why you do it”.

The same applies within your organisation. An organisation is in effect a market place. People are trading resources such as budget, people, assets and their time based on their perceptions of the value it will bring them in p

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The New Mind Control. “Subliminal Stimulation”, Controlling People without Their Knowledge

The internet has spawned subtle forms of influence that can flip elections and manipulate everything we say, think and do

By Robert Epstein

Global Research, March 03, 2016

Aeon 18 February 2016

Over the past century, more than a few great writers have expressed concern about humanity’s future. In The Iron Heel(1908), the American writer Jack London pictured a world in which a handful of wealthy corporate titans

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Author: Richard Pike, Non Executive Director, Permanent TSB

“Without data you’re just another person with an opinion” W Edwards Deming, Data Scientist

 

“Reports should be easy to understand yet comprehensive enough to facilitate informed decision-making. Reports should include meaningful information tailored to the needs of the recipients”

BCBS 239

This is a very true statement, however it can equally said that too much data with too few opinions is equally ineffectual. Therefore the balance between

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SEEKING TRAINEE PROFESSORS, TUTORS, AND EXAMINATION PAPER MARKERS.

GlobalRisk Community is seeking professors and others at the top of their financial professions to assist with checking out this course and subsequently being paid for tutoring and marking examination papers.

  

This is based upon well understood principles from Adam Smith and  M Keynes and the complex systems theorem which explains why everything simplifies and dozens of problems vanish, and systems control theorems, like having en

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The October anniversary of the liability shift has passed, and anniversaries are an excellent time to look back on progress…this is no exception. The U.S. EMV migration plan was set four years ago as a way to fight card fraud and to protect both consumers and merchants.

Back in the day, we had one choice when we wanted to purchase something, and that was cold, hard cash. However, a few decades ago, people began using credit cards for everyday purchases instead of for only big ticket items, such a

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Cyber Wack-a-mole - It's not a game

It can be all to easy to get caught in the trap of cyber wack-a-mole, where as soon as you need with one cyber threat several more appear. The link that follows will take you to a short (2 minute) video that outlines the the situation most of us find ourselves in.

www.naganresearchgroup.com/CWAM.mp4.

Take a look. I appreciate your feedback.

Thanks.

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A message from our partner:

Dear Global Risk Community member,

-

As Britain begins negotiations with Brussels on their post-EU relationship, the banking sector is left like the child of a long, ugly divorce.

If the UK does not settle passporting rights and regulatory equivalencies for the interim, this uncertainty could lead to a mass relocation for banking institutions and potentially a decentralisation of operations.


The question whether to ‘leave’ or ‘stay’ now lies with the banks, a

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How do we maximize Customer Satisfaction?

So, you have a robust product roadmap. It's got all the product features you need, from the most basic to the most innovative. Now, how did you prioritize these features?

And, are you sure you prioritized things correctly?

With limited resources, all organizations strive to prioritize those activities that drive the most value. This is particularly true in product development. Focusing on the right or wrong set of features can make or break your product (or even company).

The Kano Customer Satisfac

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