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Cyber-threat: Is your business prepared for an attack?

Despite the emphasis on and investment in cyber-security, traditional approaches, which tend to focus on either technology or risk, are failing to protect businesses and their customers. This article explains the benefits of adopting a new, unified approach that brings together technology and risk...
Risk

Food contamination: Understanding and preventing risks

A structured approach to fostering food safety and defense

Globalization and increasing legislative complexity have brought high levels of market pressure to food companies, hampering production and supply chain management. Companies are urged to develop risk-based management frameworks to prevent notable losses and protect their reputations and licenses...
Consumer goods & retail, Risk

The sixth sense of risk

Building foresight to navigate the emerging risk landscape

Today’s executives face an increasingly uncertain risk landscape. The business environment exposes organizations to greater vulnerabilities, more complex dependencies and less predictable competition than ever before. At the same time there is intensifying pressure and expectation on the CEO’s...
Risk

Transforming business resilience

Implementing key risk indicators

The risk landscape of the modern business environment is constantly evolving, and companies need to maintain continuous oversight to deal with key risks that could threaten their businesses. Over the past decade, a number of highprofile corporate crises, many directly attributed to failures in risk...
Risk

Risk as a value generator

Embracing complexity, developing forward-looking risk capability and optimizing the ‘total cost of risk’

Boards and investors of leading corporations are necessarily becoming more active in risk management. However, effectively tackling what are often unforeseen risks is increasingly challenging as the risk landscape becomes ever more complex. Embracing this complexity requires a truly forward-looking...
Risk

Loss prevention framework for insurance companies

An innovative approach to measuring and controlling risk

Innovative, homogenous and structured risk valuation approaches have played a unique role in reducing risk exposure and uncertainty surrounding insurance companies. However, market resilience, lack of information and specialty business require a tune-up in subjective and swung risk valuations. A...
Financial services, Strategy, Organization & transformation, Risk

Effective corporate risk governance

Mastering risk governance in an increasingly uncertain and fast-changing world

Failures in risk governance are visible on a daily basis through “breaking news” stories which demonstrate limitations in the effectiveness of typical approaches to risk management. The evolving business environment – breakthrough innovations, new security risks, accelerated diversification of...
Risk

Generating business value from data

Safeguarding reputation and improving efficiency through data-driven risk models

With advances in technology, companies are now collecting far greater quantities of data about their business processes and assets than before. However, existing assurance processes rarely benefit from this data, which limits access to richer insight and may lead to false assurance on...
Risk

Beyond carrots and sticks

Unlocking safety gains through understanding irrational behavior

Many organizations that have undertaken safety improvement initiatives have found that while easy wins are typically accomplished early on, further progress often becomes increasingly difficult. Safety improvement typically depends on changing human behavior, which is driven by underlying...
Risk