Mitigating Risk is often thought of in terms of IT safety. However, it applies to many different areas of operation, manufacturing etc. Considering risk properly is particularly important. But just assessing risk is not sufficient. To have impact we need to make a Decision (or Decision Policy) to change the course of the risks. In this webinar we will look at the basics of Risk Management uncertainty, the analysis of the risks, mitigation and how do deal with uncertainty in some of our assessmen

Virtual Customer Premises Equipment (vCPE) is an emerging branch of virtualization technology that allows service providers to offer managed and monitored services to their customers. In other words, it’s a set of applications hosted in the cloud which enables users to manage their network services from a centralized location.

If you are reading this as an aspiring network engineer, you might not understand why anyone would want to build another layer of abstraction between the user and their net

Introduction

Python is a popular high-level, general-purpose programming language. It was developed by the Python Software Foundation after its 1991 creation by Guido van Rossum. Code readability was a priority in the design. Programmers may convey their ideas with fewer lines of code because of Its Syntax.

Where is Python implemented?

Due to its support for Object Oriented Procedure Paradigm and ability to run on a variety of platforms (including Windows, Mac, Linux, Raspberry Pi), Python is frequ

Hi Global Risk Community member,

You are invited to attend our CPE webinar Enriching Third-Party Risk Processes with Targeted Risk Intelligence on Thursday October 20th at 1pm Eastern.

Targeted risk intelligence and automated data feeds can enable organizations to recognize risk sooner and respond with increased operational resilience, reducing the manual burden and cost. Attend this webinar to learn how to incorporate targeted risk intelligence end enrich your TPRM program, including how to:

A form of external beam radiation therapy known as proton radiation therapy uses hydrogen (proton) ions as the main treatment beam. Because all protons have the same positive charge, magnetic fields can affect them. By employing a particle accelerator, the protons are accelerated and transformed into charged particles.

They are inserted into the patient's tumour after being charged with energy and guided using magnetic fields. Despite being created in the 1920s, proton radiation treatment has onl

Hello Global Risk Community member,

I am writing to share with you how one of the largest privately-owned direct mortgage lenders in the United States was able to integrate continuous and real-time risk intelligence to enhance its Third-Party Management (TPM) function.
 
For more than two decades, New American Funding (NAF) has consistently focused on leveraging the latest technology to streamline operations and develop a highly efficient lending process to power its industry-leading loan closi

Craps is a gambling game using dice. It became well-known to me from the Hollywood movies of mid last century when players gathered around a Craps table and rolled and cheered or expressed their frustration at loss after loss.

Before you start rolling out your Risk Appetite Statement (RAS), and devolving decision making to evolve your organisation, as I wrote last week, you need to consider the quality of the RAS you have to roll out.

If you have ever seen those Hollywood movies when they play Cra

Archer got together with Alex Sidorenko, FERMA Risk Manager of the Year 2021, RIMS International Honoree 2021, to create this practical bootcamp designed to help companies implement quantitative risk management that pays for itself.

Imagine saving the company so much money that investing in risk management competencies and resources becomes a no brainer for the executives. Well, that’s exactly what Alex did at a global $10B chemical company and he has been kind enough to share his top tips and le

Just as electrification replaces technologies that use fossil fuels with those that use electricity, Chancification replaces computations based on deterministic numbers with those based on probability distributions.

Just as non-experts can illuminate light bulbs with electricity generated by power engineers, Chancification will allow everyday managers (even those suffering from Post-Traumatic Statistics Disorder, or PTSD) to illuminate uncertainty and fix the Flaw of Averages with stochastic libr

Annual virtual RISK AWARENESS WEEK is back from October 17, with over 40 workshops sharing the latest in risk management thinking. The five-day-long schedule includes sessions from 32 of the best risk management 2 and decision making practitioners in the world, sharing everything from practical case studies to model demonstrations.

With just few weeks to go, we spoke to past attendees who shared why they think you should attend this year’s #RAW2022.

Learn from the experts

“Majority of presenters ar

 Obtaining the title of Most Innovative Company of the Year is the aspiration of the vast majority of businesses.

In addition to selecting the most innovative companies of 2014, Boston Consulting Group's (BCG) innovation-focused research in 2014—consisting of more than 750 businesses in 17 diverse markets—revealed a number of surprising findings.

Clearly, the organizations that led the Innovation ranking utilized a methodical approach to managing Innovation. The study indicated that culture is a

Cloud computing has been making waves in the tech world for the past several years. It’s no wonder why; this fast-growing technology is quickly becoming the future of IT. In fact, cloud adoption is expected to increase by leaps and bounds over the next few years.

Consequently, more and more businesses are moving their applications, data, and services to the cloud to take advantage of its numerous benefits.

 So what exactly are the benefits of cloud computing?

Let’s take a look.

Cloud-Based Storage

Th

Automated risk assessment in any organization replaces manual duties with computerized technologies and improves efficiency with accuracy.

Many corporate executives are generally focused on increasing income and prospects for expansion, but they are not as focused on minimizing and assessing risk, progressively changing as time passes. Businesses can't afford room for mistakes, specifically when all the other parties are involved, as it could result in significant lost profits for their firm.

On t

Organizational resilience is surprisingly strange. It is not nearly as clear-cut and straight-forward as we typically believe. It is full of tensions and paradoxes, most of which have been overlooked, and few of which anyone has begun to carefully address.

In particular, leaders at all levels may have to actively surrender a great deal of control during times of great change, exactly the times where they will be tempted to ‘grab the reins’ most forcefully.

In this talk, Dr. David Lindstedt discuss

Some California utilities have been in the headlines for all the wrong reasons – including the 2010 San Bruno gas pipeline explosion that killed 8 people, the 2015/6 leak from Aliso Canyon gas storage, the 2018 Camp Fire that destroyed the town of Paradise, plus the Dominion Pipeline ransomware cyberattack that cut gasoline supply to the US Northeast.

The California Public Utilities Commission requires utilities to quantify these risks using risk-spend efficiency (RSE) to prioritize mitigations b