Risk Management
The Lead
Tips For Scoring Risk & Performing The Risk Assessment
March 2, 2013 2:18 pm | by Luke Simpson, Editor | Videos | Comments
At the 2012 Continuity Insights Management Conference in Scottsdale, AZ, business continuity experts discuss ways to develop a balanced scorecard, the benefits of using a standards-based approach (ISO 31000) and a common pitfall: analysis paralysis.
UN Reports $2.5 Trillion In Disaster Losses Since 2000
May 20, 2013 11:31 am | by EDITH M. LEDERER,Associated Press | News | CommentsThe U.N. Office for Disaster Risk Reduction warned in the 246-page report that economic losses from floods, earthquakes and drought will continue to escalate unless businesses take action to reduce their exposure to disaster risks. U.N. Secretary-General Ban Ki-moon launched the report saying the review of disaster losses in 56 countries clearly demonstrates that "economic losses from disasters are out of control."
Next-Generation Business Continuity
March 27, 2013 10:18 am | by Kathleen Lucey, FBCI, President, Montague Risk Management | Articles | CommentsBeing proactive embodies the intent to go beyond recovery to identify what information we need on a continuous basis, in order to identify opportunities for competitive advantage in an adverse situation. The target is an improved competitive position that can in fact increase revenues and develop long-term competitive superiority.
North Korea Training Teams Of 'Cyber Warriors'
March 25, 2013 12:29 pm | by YOUKYUNG LEE,AP Technology Writer | News | CommentsInvestigators have yet to pinpoint the culprit behind a synchronized cyberattack in South Korea last week. But in Seoul, the focus is fixed on North Korea, which South Korean security experts say has been training a team of computer-savvy "cyber warriors" as cyberspace becomes a fertile battleground in the nations' rivalry.
SKorea Flubs Cyberattack Investigation, Misidentifies IP Address
March 22, 2013 4:57 pm | by Sam Kim, The Associated Pres | News | CommentsIn an embarrassing twist to a co-ordinated cyberattack on six major South Korean companies this week, investigators said they wrongly identified a Chinese Internet Protocol address as the source. "We were careless in our efforts to double-check and triple-check," KCC official Lee Seung-won told reporters.
nScaled Recovery As A Service Solution Supports NetApp Storage Systems
March 8, 2013 4:56 pm | News | CommentsnScaled, provider of online backup and disaster recovery service solutions, has announced that its enterprise-class recovery as a service (RaaS) solution now supports NetApp storage systems. The nScaled service puts comprehensive disaster recovery squarely in the hands of business professionals.
Agiliance Sets New Threshold For Automating Security Data Collection
November 27, 2012 5:31 pm | News | CommentsThe rising tide of insider and advanced persistent threats, mounting regulatory pressure, and the impact of big security data on an organization’s operational efficiency have led many progressive organizations to adopt a “risk-based” approach to security.
Redstone Federal Credit Union’s Redstone Consulting Group & Fusion Risk Management Announce Strategic Alliance To Deliver Continuity Risk Management Services To Credit Unions & Community Banks
November 5, 2012 10:39 am | News | CommentsRedstone Consulting Group and Fusion Risk Management will begin offering enterprise resilience management services and software centered on business continuity, crisis management and IT disaster recovery. Offerings will leverage proven capabilities implemented at Redstone Federal Credit Union.
The Risky Business Of Technology Moves & Transitions
October 26, 2012 10:31 am | News | CommentsTrillium's ITtransitions@ practice provides the skills, experience, and proven methodologies to mitigate risks and guide organizations through the pitfalls associated with technology transitions. Real-world experience includes a critical datacenter move with a major insurance company and a colocation move for the world's largest asset management firm.
7 Experts Convicted For Not Warning Of Quake Risk
October 23, 2012 12:01 pm | by ANNALISA CAMILLI & FRANCES D'EMILIO, Associated Press | News | CommentsIn a verdict that sent shock waves through the scientific community, an Italian court convicted seven experts of manslaughter on Monday for failing to adequately warn residents of the risk before an earthquake struck central Italy in 2009, killing more than 300 people.
Japan Utility Agrees Nuclear Crisis Was Avoidable
October 12, 2012 11:39 am | by MARI YAMAGUCHI, Associated Press | News | CommentsTokyo Electric Power Co. said in a statement that it had known safety improvements were needed before last year's tsunami triggered three meltdowns, but it had feared the political, economic and legal consequences of implementing them.
Speakers' Soapbox: David Nolan On The Evolution Of BC & Michael Andretti
October 12, 2012 10:12 am | Articles | CommentsIn the leadup to Continuity Insights New York, October 29-30, 2012 at The Hotel Pennsylvania in New York City, David Nolan, CEO of Fusion Risk Management, discusses the concept of continuity risk management, game changing technology and Michael Andretti's measured risks.
Avalution Announces New Features For Catalyst Business Continuity Software
October 8, 2012 5:07 pm | News | CommentsCatalyst combines a simple user interface and on-screen guides with Avalution’s industry-leading methodology to make continuity planning easy and repeatable for every organization, regardless of size. New features include risk assesssment and corrective actions.
Survey: Intensifying Economic & Political Volatility Ushers In Barrage Of Corporate External Risks
September 21, 2012 9:47 am | News | CommentsThe Eurozone debt crisis and U.S. political uncertainty, combined with extreme and unexpected events, are continuing to create external risks that companies are grappling to overcome, according to a new PwC US Risk in Review paper.
Speakers’ Soapbox: Mike Errity On Reputation, Leadership & Bruce Springsteen
September 13, 2012 3:37 pm | by Luke Simpson, Editor | News | CommentsIn the leadup to Continuity Insights New York, Continuity Insights asks presenters about their chosen topics, critical business continuity skills, how prepared we can be, and which famous person would have made a good business continuity professional. This week Mike Errity, Director, IBM Business Continuity and Resiliency Services, discusses the need for strong leadership skills and reputational risks.
xMatters & Fusion Risk Management Announce Integration Of Risk Management & Crisis Response For The Enterprise & Supply Chain
September 6, 2012 9:58 am | News | CommentsEnterprise organizations can now manage their people records as "Teams" and "Rosters" within the context of contingency plans in the Fusion Framework System, and synchronize these with the xMatters notification system. While reducing costs and work effort, this capability speeds response times and removes the potential for errors and delays resulting from out of date or incorrect contact information.
Agiliance Riskvision Minimizes Threat Of Business Disruptions
September 6, 2012 9:23 am | News | CommentsThe Agiliance ISO 22301 Content Pack provides the necessary framework to identify potential threats to an organization and the impacts to business operations they pose. It breaks down the processes into simple and effective steps, enabling organizations to not just create a business continuity strategy but also to manage, maintain, and continually improve the plan.
How Business Continuity Groups Can Partner With ERM & IT Groups
August 13, 2012 11:46 am | by Jason Merante, an executive in Accenture Technology Consulting | Articles | CommentsAs a consultant, I have had the opportunity to work for some of the largest and most complex corporations in the world. Based on my observations over the years, both positive and negative, I would like to share some ideas that will help bring the two disciplines of BCM and ERM together to achieve real business value and improve loss avoidance.
Cost Of Software Glitch For Knight Capital: $440 Million
August 3, 2012 11:38 am | by CHRISTINA REXRODE & PALLAVI GOGOI, AP Business Writers | News | CommentsKnight Capital Group said the problem was triggered when it installed new trading software, which resulted in the company sending numerous erroneous orders in 140 stocks listed in the New York Stock Exchange. Those orders were behind some sudden swings in stock price.
The Ins & Outs Of BCM Governance
June 25, 2012 8:16 pm | by Luke Simpson, Editor | Articles | CommentsThe World Congress on Disaster Management (WCDM) kicked off in Toronto yesterday with delegates from around the globe coming together to discuss emergency management and, to a lesser extent, business continuity. Continuity Insights caught up with Gayle Mitcham, Vice President, Risk Consulting -- Business Continuity Practice at Marsh Canada Limited, to discuss how BCM governance is layered on top of existing BCM programs.
F. Enterprise Risk Management Track — 2012 Continuity Insights Management Conference
April 4, 2012 11:45 am | Events | CommentsA listing of Enterprise Risk Management educational sessions at the 2012 Continuity Insights Management Conference and links to download presentation slides.
Nuclear Plant Inspection Reveals Flood Risk
January 2, 2012 6:06 pm | by EMERY P. DALESIO, Associated Press | News | CommentsNRC inspectors determined that a room housing fuel oil tanks serving the Brunswick nuclear plant's emergency diesel generators could have flooded in a hurricane.
Systematic Failures Of Leadership
December 5, 2011 8:05 am | by Mike Rainone, Co-Founder, PCDworks | Blogs | CommentsFor some time I have been interested in the whole notion of risk. Subsumed in the concept of risk is the idea that decisions, and the behaviors that result from those decisions, have positive and negative consequences. Virtually every decision we make is a hypothesis about the future, a bet; and we place thousands of internal wagers every single day, large and small.
ISO 22301 Business Continuity Standard On Track Despite ISO 22323 Compatibility Issues Raised At Beijing Meeting
November 14, 2011 9:34 am | by Luke Simpson, Editor | News | CommentsBrian Zawada, member of the U.S. Technical Advisory Group to ISO Technical Committee 223, discusses the apparent compatibility issues between the proposed business continuity standard and ISO 22323, the proposed organizational resilience standard.
Continuity Risk Management: The New 'Big Dog'
October 14, 2011 10:47 am | by By David Nolan, CEO, Fusion Risk Management, Inc. | Articles | CommentsThere are compelling signals that clearly indicate continuity risk management is now front and center, with traditional continuity programs falling in line as part of a bigger risk management agenda.
Avalution’s Consulting Services & Software Solution, The Planning Portal, Now Available Via GSA Schedule 70
October 14, 2011 7:53 am | News | CommentsThe Planning Portal is all about simplifying business continuity and COOP planning, so a GSA schedule is a natural fit because it provides a simple procurement process.
