Tag: risk
The recent rash of cybersecurity breaches should have increased business awareness of risk that comes with being part of the digital economy. Yet, sadly, risk awareness and risk preparedness are not always high on the list of priorities of most businesses and small to medium enterprises in particular. You would expect that companies like communications […]
Corporate leadership is often veiled from the multitude of risks that are lurking behind the corners of their business. Critical risks embedded within business units often aren’t shared up to senior leadership because the systems and processes are not in place to enable this. The methodologies implemented for managing risks across the enterprise vary widely […]
The insurance industry is adjusting its offers on health, cars, the sharing economy and other services because of the growing amount of personal data becoming available. Zurich Insurance’s CTO Robert Dickie told EurActiv.com Editor Frédéric Simon in this interview that big data is changing the way insurance works and making the industry more competitive. The emergence of […]
Revenue losses and fraud may be higher on the agenda for communication service providers (CSPs) following independent research released by Neural Technologies. A new global survey of 113 CSPs has found that these losses have now reached 13.1 percent of gross revenues. Let’s take a moment to consider that, says Jeremy Cowan. For every $100 […]
When your business is a data business, it is risky – and probably based on advertising. Facebook, as an example, is a business valued at $250 or so billion and its revenues depend on advertising. And it would be a brave person who said out loud that Facebook’s business model is flawed (or that what […]
BOSTON (Reuters) – A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived to be a high risk scrambling for cover. On top of rate hikes, insurers are raising deductibles and in some cases limiting the […]
FRANKFURT (Reuters) – Hacker attacks or faulty software could shift the burden of legal and regulatory liability toward makers of self-driving cars and away from customers, experts say, forcing regulators and insurers to develop new models. Autonomous cars have the potential to reduce the rate of traffic accidents as sensors and software give a car […]
We all talk a lot about the impact of the Internet of Things (IoT). In almost every article about the topic, the author will include one sentence saying that personal data is important, and we need to think about privacy. Consider this recent article by Ali Durmus for Telcoprofessionals.com: 2015 – The year the wearables […]
The Risk and Insurance Management Society (RIMS) has issued the results of their 2015 survey on cyber exposure, purchasing of cyber insurance, and managing cyber risks. Registered users can download the report from here. However, you may want to read this review before troubling to register. The report is good in parts, but thin overall. […]
A new report from Tomorrow’s Company analyzes the role of risk leadership in non-financial companies, and provides a risk leadership toolkit for use by board members. Their analysis is based on consultations with 58 CEOs, CFOs, CROs and others. The authors state: It explores the case for a distinct and more specialist role within non-financial services […]
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