Los Angeles Chapter of Risk and Insurance Management Society
 
 

News Items Archive

Friday, June 09th, 2017
5 Strategies to Maximize Your Risk Assessments
While risk assessments enable organizations to understand their business issues and identify uncertainties, the best assessments go further. They prioritize top risks, assign risk ownership, and most critically, integrate risk management and accountability into front line business decision-making. Simply put, "checking the boxes" just isn't enough to achieve an organization's real objectives.
read more >>


Wednesday, June 07th, 2017
Lloyd’s Plans for Post-Brexit Subsidiary
Just one day after the U.K. set in motion its process for withdrawal from the European Union by triggering Article 50, Lloyd's announced it was establishing a subsidiary in Brussels, intending to be able to write EU business for the Jan. 1, 2019, renewal season.
read more >>


Monday, June 05th, 2017
RIMS 2018 Annual Conference & Exhibition
Do you have a great risk management idea or success story that you want to share with 10,000 of your colleagues from around the world?
read more >>


Friday, June 02nd, 2017
Preventing Heat Illness: Water, Rest, Shade
With summer comes hot, humid weather and a greater chance of heat-related illness for outdoor workers. How to prevent heat illness? Three words: water, rest and shade, according to the Occupational Safety and Health Administration (OSHA).
read more >>


Wednesday, May 31st, 2017
More Insurers Opting to Form EU Subsidiaries
A growing list of insurers are choosing to form subsidiaries in the European Union to ensure continuous coverage for their European clients following the United Kingdom's withdrawal from the EU in June 2016. They wish to protect themselves in case Brexit impacts their ability to sell insurance policies and products across the EU from bases in Britain.
read more >>


Tuesday, May 30th, 2017
Large Venues Reviewing Security Measures
Venues that attract crowds, such as large sports events and concerts are reviewing their security measures, both inside and out, to prevent an attack such as the suicide bombing after an Ariana Grande concert in Manchester, England, that killed at least 22 people.
read more >>


Thursday, May 25th, 2017
Fewer Sleepless Nights for Compliance Executives
Improved compliance programs, sufficient resources and board access have meant fewer concerns about personal liability for compliance executives, according to a study by DLA Piper.
read more >>


Tuesday, May 23rd, 2017
Workforce Drug Positivity Rate Highest Since 2004
Workforce use of illicit drugs across the board-including cocaine, marijuana and methamphetamine-has climbed to the highest rate in 12 years, a study by Quest Diagnostics found.
read more >>


Tuesday, May 16th, 2017
North Korea Now Suspected in Ransomware Attack
The massive cyberattack that has struck businesses, government agencies and citizens in more than 150 countries may be tied to hackers affiliated with North Korea. Called WannaCry, the ransomware encrypts the victim's hard drive and demands a ransom of about $300 in the virtual currency bitcoin.
read more >>


Thursday, May 11th, 2017
Make Your Hurricane Preparations Now
With the Atlantic hurricane season's official start on June 1, the time to check your buildings and existing contingency plans-or start a new one-is now, during hurricane preparedness week.
read more >>


Tuesday, May 09th, 2017
Navigating Risk Management Around the Globe
Over the past few years, I'e had the wonderful opportunity to travel the world and visit factories, distribution centers, ports, warehouses, and several offices for the company where I work. Apart from being a great way to see the world, it has also been an opportunity to learn from the ways different cultures see and manage risk.
read more >>


Tuesday, May 09th, 2017
CSUN Students Sponsored by LA RIMS attend RIMS Conference -Philadelphia, PA
Each participating student receives a LA RIMS scholarship of $1,100 to attend this conference.
read more >>


Wednesday, May 03rd, 2017
In a Changing World, Questions For the CRO
Before the financial crisis in 2008-2009, many businesses didn't think of risk as something to be proactively managed. After the crisis, however, that paradigm shifted. Companies began perceiving risk management as a way to protect both their reputations and their stakeholders.
read more >>


Tuesday, May 02nd, 2017
Ransomware Attacks Increase, With U.S. the Primary Target
Ransomware attacks constituted the greatest cybercrime danger in 2016 as the volume and value of attacks rose sharply, according to a new report from internet security firm Symantec.
read more >>


Monday, May 01st, 2017
Total Cost of Risk Drops for Third Straight Year, RIMS Finds
Despite the challenges of a slowed economy in an election year, a shifting risk landscape as a result of technological advances, and a slow to negative growth rate in some sectors, 2016 saw the total cost of risk (TCOR) decline for the third consecutive year, according to the 2017 RIMS Benchmark Survey.
read more >>


Tuesday, April 25th, 2017
Disruptive Technologies Present Opportunities for Risk Managers, Study Finds
PHILADELPHIA - Disruptive technologies are used more and more by businesses, but those organizations appear to be unprepared. What's more, companies seem to lack understanding of the technologies and many are not conducting risk assessments, according to the 14th annual Excellence in Risk Management report, released at the RIMS conference here.
read more >>


Monday, April 24th, 2017
And the 2017 RIMS Awards Go to…
PHILADELPHIA-At today's RIMS 2017 Awards Luncheon, the society issued its top honors for achievement in the risk management and insurance industry.
read more >>


Thursday, April 20th, 2017
GM Halts Venezuela Operations Following Plant Seizure
General Motors has ended its operations in Venezuela after authorities in the strife-torn country seized the company's plant there on Wednesday.
read more >>


Monday, April 17th, 2017
It’s a Great Time to Be a Risk Manager
2017 has so far been a wild ride of change. Companies are navigating through a new U.S. administration, Brexit and cyber risks that are more daunting each day. We are bombarded with uncertainty and unchartered waters. Nevertheless, it's a great time to be a risk manager.
read more >>


Thursday, April 13th, 2017
Protecting Employees in the Face of International Risks
Increasing globalization and the growing world market presents employees with opportunities to travel and experience new countries and cultures. With travel comes risk, however. In the event of an unforeseen incident, it is an organization's top priority to ensure its employees are safe and out of harm's way.
read more >>


Wednesday, April 12th, 2017
Firestorm Over Forced Removal Proves Costly for United
United Airlines stock tumbled nearly 4% in early trading Tuesday morning before recovering late in the day as the company continued to deal with fallout after video surfaced showing a passenger being forcibly dragged from a United flight at Chicago’s O’Hare International Airport. United shares were down by as much as 6% in premarket trading Tuesday morning, according to MarketWatch.
read more >>


Tuesday, April 11th, 2017
Dallas Alarms Hack a Warning of Infrastructure Vulnerability
Dallas residents were wide awake and in a state of confusion late Friday night when the city’s outdoor emergency system was hacked, causing all of its 156 alarms to blast for an hour-and-a-half until almost 1:30 a.m.
read more >>


Thursday, April 06th, 2017
2017 Atlantic Hurricane Season Outlook
With the official opening of 2017 Atlantic hurricane season fast approaching, researchers appear cautiously optimistic the relatively quiet streak will continue.
read more >>


Wednesday, April 05th, 2017
First Quarter 2017 Sees Upward Rate Movement
U.S. insurance buyers may see higher rates this year, as the composite rate index for commercial accounts increased plus 1% for the first time in 20 months, MarketScout reported today.
read more >>


Thursday, March 30th, 2017
Lloyd's to Establish EU Base in Brussels
One day after the UK set in motion its process for withdrawal from the European Union by triggering Article 50, Lloyd's announced that it has chosen Brussels as the location for its European Union subsidiary
read more >>


Wednesday, March 29th, 2017
Disaster Losses Climb as Protection Gap Widens: Swiss Re Sigma Study
Global Economic losses from disaster events almost doubled in 2016 to $175 billion from $94 billion in 2015, according to the most recent Sigma Study from the Swiss Re Institute.
read more >>


Monday, March 27th, 2017
Accounts Receivables Coverage Helps Fill Supply Chain Gaps
It is standard for companies to insure and protect cash, inventory, property, plants and equipment, and more recently, data. Companies are insuring every step in the supply chain and sales process from concept to delivery. What is often not insured, however, is the last but most important part of a sales transaction-getting paid. You can safely bring your product to market, but if a partner or customer defaults on payment and you have no recourse, you've lost your total investment. Your balance sheet takes the hit.
read more >>


Friday, March 24th, 2017
Sears Suppliers Wary as Shares Plummet
Sears Holding Corps' "going concern" filing has vendors and their insurers running for cover as the venerable American department store appears heading for bankruptcy or some other final disposition.
read more >>


Thursday, March 23rd, 2017
Increasing Risk Complexity Outpaces ERM Oversight
More organizations are recognizing the value of a structured focus on emerging risks. The number of organizations with a complete enterprise risk management (ERM) program in place has steadily risen from 9% in 2009 to 28% in 2016, according to the N.C. State Poole College of Management's survey "The State of Risk Oversight: An Overview of Enterprise Risk Management Practices."
read more >>


Tuesday, March 21st, 2017
8 Steps to Stronger Passwords Enterprise-Wide
Passwords remain one of the most critical security controls widely used to protect and secure company infrastructure and data. While the need for strong passwords has long been discussed, they continue to be the difference between a secure infrastructure and a potential cyber catastrophe.
read more >>


Thursday, March 16th, 2017
RIMS Conference Veterans Offer Advice to First Time Attendees
Last week a member of the RIMS Opis online community asked an important question: "What advice can RIMS Annual Conference & Exhibition veterans give to someone attending the show for the first time?" Luckily, the risk management community rushed in with some sage advice.
read more >>


Tuesday, March 14th, 2017
Software May Help Oil Companies Determine a Location's Earthquake Potential
New software for monitoring the probability of earthquakes in a targeted location could help energy companies determine where they can operate safely.

The free tool, developed by Stanford University's School of Earth, Energy & Environmental Sciences, helps operators estimate how much pressure nearby faults can handle before rupturing, by combining three important pieces of information...
read more >>


Friday, March 10th, 2017
Food Defense Initiatives Can Safeguard Your Company
When most people think of product contamination and recalls, the first thing that comes to mind is food poisoning cases from bacteria such as e-coli and listeria. Food and drug companies, however, are experiencing malicious and intentional product tampering that can be equally deadly and dangerous. Many of us can't forget the 1982 cyanide Tylenol crisis, Johnson & Johnson's worst nightmare as reported cases of death from their products came pouring in, causing recalls nationwide.
read more >>


Wednesday, March 08th, 2017
International Women's Day: Risk Management Issues to Watch
A 2013 piece on the role of women in risk management remains the most controversial article we've ever run in Risk Management magazine and the one that received the most comments and letters to the editor, hands down. Many of those reader comments were...let's just say less than kind or receptive.
read more >>


Tuesday, March 07th, 2017
Most Organizations Deny Prevalence of Fraud
At a loss of more than $6 billion annually, experts have found fraud occurs in most organizations, but 80% of respondents to a recent survey by ACL believe their organization has "medium to no" exposure.
read more >>


Thursday, March 02nd, 2017
Closing the Vendor Security Gap
What do organizations really know about their relationships with their vendors?

It’s a question that most companies can’t answer, and for many, that lack of knowledge could represent increased risk of a security breach. This year, Bomgar conducted research into vendor security on a global scale, and the findings underscore that much work remains to be done to shore up third-party security.

read more >>


Wednesday, March 01st, 2017
Costs Climb as Companies Move to Mitigate Supply Chain Interruptions
Some 70% of companies have experienced at least one supply chain interruption during the past year, with an unplanned IT or telecommunications outage the leading cause, according to the eighth edition of the Business Continuity Institute's (BCI) Supply Chain Resiliency Report, produced in association with Zurich Insurance Group.
read more >>


Monday, February 27th, 2017
Falling Trees Can Cause Property Damage, Injury or Death
During and after large storms, especially those with high winds, there are always reports of fallen trees and tree limbs, which can cause injury or death to those who are in the wrong place at the wrong time. In the past few months in California alone, a woman was killed by a falling tree in the San Francisco Bay area on Jan. 9; another woman was struck and killed by a falling tree while walking on a golf course in the Bay area on Jan. 8; and the mother of a bride was killed when a tree fell on a wedding party in Southern California on Dec. 19. In New York City's Bryant Park, a woman was killed and five people were injured when a massive tree snapped in half on Sept. 4, 2015.
read more >>


Friday, February 24th, 2017
Insurance Rate Declines Moderate as Cyber Shines
Global insurance rates declined for the 15th consecutive quarter, remaining competitive for most of 2016, according to the Marsh Global Insurance Market Index, Q4, 2016, which tracks industry data.
read more >>


Thursday, February 23rd, 2017
New York Cybersecurity Regs to Take Effect March 1
The state of New York is implementing sweeping new regulations designed to protect insurers, banks and others from the growing wave of electronic security breaches which are making headlines and causing headaches across the financial services industry.
read more >>


Wednesday, February 22nd, 2017
Bribery and Corruption: What's the best approach?
On Feb. 17, Samsung empire's heir Lee Jae-yong was arrested on corruption and bribery charges connected to a nationwide political scandal in South Korea. While this is unlikely to directly impact the global tech behemoth in day-to-day matters, it is important to investigate how firms and governments can work together more successfully to combat white collar crime and corruption.
read more >>


Friday, February 17th, 2017
10 Lessons Learned from Breach Response Experts
SAN FRANCISCOâ€"As hacking collectives target both the public and private sectors with a wide range of motivations, one thing is clear: Destructive attacks where hackers destroy critical business systems, leak confidential data and hold companies for ransom are on the rise. In a presentation here at the RSA Conference, the nation's largest cybersecurity summit, Charles Carmakal and Robert Wallace, vice president and director, respectively, of cybersecurity firm Mandiant, shared an overview of some of the biggest findings about disruptive attacks from the company's breach response, threat research and forensic investigations work.
read more >>


Wednesday, February 15th, 2017
Greenberg, New York State Settle Long-Running Civil Case
One of Wall Street's longest-running dramas closed Feb. 10 as New York State and Maurice "Hank" Greenberg finally ended a legal clash which began in 2005 under the stewardship of then Attorney General Elliot Spitzer.
read more >>


Tuesday, February 14th, 2017
Weather Threatens Oroville Dam Emergency Efforts
As measures are taken to repair a damaged spillway at the Oroville Dam in Northern California, weather forecasters are calling for rain later this week. Almost 200,000 people were evacuated from their homes below the dam, the largest in the country, on Feb. 12 as erosion of the dam's emergency spillway threatened to flood the towns below.
read more >>


Monday, February 13th, 2017
ILS Roars into 2017 as Maturities Loom
Alternative capital markets continue to see robust activity and at least one major carrier is bullish for the future of insurance-linked securities (ILS), even as the added capacity continues to pressure rates overall.
read more >>


Friday, February 10th, 2017
Weighing In on Stand-Up Workstations and Exercise Balls
Stand-up workstations and exercise balls used for sitting in place of an office chair are gaining popularity. This has been fueled by reports of workers at Google, Facebook and other companies trading in their chairs to stand, or bounce, while working. They cite studies of the harm that hours of sitting can do.
read more >>


Tuesday, February 07th, 2017
Mitigating Environmental Risks at Argos
Ana Maria Duque is the environmental assessment manager at Argos in Colombia. Here's what she had to say about the environmental challenges her company faces.
read more >>


Thursday, February 02nd, 2017
Eliminating Language Barriers Between Information Security and the C-Suite
Whether or not security operations pose a core focus to a company or are an afterthought, the largest obstacle now affecting business and security outcomes is the language barrier that exists between security teams and the C-Suite.
read more >>


Tuesday, January 31st, 2017
Delta Outage Spotlights Technology Risks
Delta's computer outage on Jan. 29 was over by midnight, but its effects have extended into the week, not only resulting in 170 cancelations on Sunday, but grounding more than 100 flights on Monday and causing many delays. Adding to the frustration was the fact that the company's mobile apps were also not working.
read more >>


Monday, January 30th, 2017
Can ORSA Work For All Businesses?
In addition to impacting the way countless organizations conduct business, the 2008 financial crisis was an awakening for regulators charged with reviewing and setting the rules that shape the way organizations assume risk. Insurance, perhaps the riskiest business of them all, did not go unscathed.
read more >>


Friday, January 27th, 2017
Aon Introduces Single-Parent Captive Cyber Insurance Program
With cyberattack listed as one of their top risks, organizations are looking for ways to mitigate their risk in a market where cyber insurance rates are quickly rising. According to the Center for Strategic and International Studies, the annual cost of cyber crime and economic espionage to the world economy runs as high as $445 billion, or about 1% of global income.
read more >>


Thursday, January 26th, 2017
Flood, Wind Dominant Natural Hazards in 2016
While most natural hazards occurring in the United States last year saw average or below average activity, the exceptions were flood and wind, according to the CoreLogic report Natural Hazard Risk Summary and Analysis, released today.
read more >>


Tuesday, January 24th, 2017
Authorities Examine Hotel Owner's Request for Help Before Italian Avalanche
As the search for survivors at an Italian hotel buried during an avalanche continues, an investigation has been launched into a distress call and emails for help by the hotel's owner. Triggered by a series of earthquakes, the avalanche claimed the lives of at least 14 people, with 15 still missing, according to reports. A staff of eight and 20 guests were reported to have been at the hotel at the time.
read more >>


Thursday, January 19th, 2017
Organizational Complexity Poses Critical Cyberrisk
According to a recent survey on IT security infrastructure, 83% of businesses around the world believe they are most at risk because of organizational complexity.
read more >>


Wednesday, January 18th, 2017
Fraud Incidents Rise in 2016, Kroll Finds
Reports of fraud have risen in the past year. In fact, incidences of every type of fraud have reached double-digit levels, according to the Kroll Global Fraud & Risk Report 2016/2017. Overall, 82% of executives reported falling victim to at least one instance of fraud in the past year, up from 75% in 2015.
read more >>


Thursday, January 12th, 2017
Risk Management Profession Given an 'A' by CNN Money
Risk management is a career that has long flown under the radar. Because it is not a common job choice, a frequent question of risk managers is how they found their way into the profession. Risk managers say they wouldn't do anything else. The reasons they list include interesting duties that differ from day to day, opportunities for creative thinking and problem-solving, and collaboration with other areas in their company.
read more >>


Wednesday, January 11th, 2017
Business Interruption Seen as Top Risk Globally
A survey of more than 1,200 risk managers and corporate insurance experts in over 50 countries identified business interruption as the top concern for 2017. According to the sixth annual Allianz Risk Barometer of top business risks, this is the fifth successive year that business interruption has been seen as the biggest risk.
read more >>


Friday, January 06th, 2017
Act Now to Prevent Frozen Water Pipes
Freezing weather can bring the unexpected, from slippery sidewalks and ice dams to one of the most common problems--frozen water pipes. Knowing what conditions can cause pipes to freeze is the first step to prevention. If pipes do freeze, a quick response can keep them from bursting, avoiding the expense of replacement, possible water damage to walls, floors and electrical systems, or even a business shutdown.
read more >>


Thursday, January 05th, 2017
2016 Ends with 1% Average Rate Reduction
The year ended with few surprises in commercial insurance pricing in the United States, after 2016 started out with a composite rate decrease of 4%. In April, rates began to moderate and continued reductions of 1% to 2% per month. The year closed with a composite rate reduction of 1%, according to MarketScout.
read more >>


Tuesday, January 03rd, 2017
Moving Employees Safely is Critical in Oil & Gas Industry
The oil, gas and marine industry has always teetered on the brink of unfortunate circumstances. Oil rigs and oil tankers, by the very nature of their massive size and exposure to the elements, are susceptible to myriad dangers. And when those risks materialize, the safety of the men and women operating these maritime behemoths must take top priority.
read more >>


Thursday, December 22nd, 2016
Happy Holidays From the Risk Management Monitor

read more >>


Wednesday, December 21st, 2016
Flint Water Investigation Leads to Felony Charges for Mich. State Employees
A driving effort to save the state money was said to be the reasoning behind the Flint, Michigan water crisis, which has been tied to lead poisoning in children, among other issues. On Tuesday the state announced felony charges against former state emergency managers, Darnell Earley and Gerald Ambrose, accused of false pretenses and conspiracy to commit false pretenses. The two were said to have been focused on balance sheets rather than the welfare of citizens when they made the decision in 2014 to switch the city's water supply from treated water in Lake Huron to water from the Flint River.
read more >>


Monday, December 19th, 2016
Key Steps to a Robust Risk Management Program
Our business environment is constantly changing-technologies improve, regulations are modified, competition increases, and demand evolves. Effective risk management grants an ability to adapt to these changes.
read more >>


Monday, December 19th, 2016
Plan Now for the Political and Risk Landscape Ahead
With a new president in office in 2017, there are sure to be changes ahead for businesses in the United States. Yet of risk professionals surveyed, fewer than half are actively preparing. Organizations are expected to see impact in areas including regulation and enforcement strategies, a new national trade policy, and a potential rollback of Affordable Care Act (ACA) provisions, according to Marsh.
read more >>


Friday, December 16th, 2016
2016's Worst U.S. 'Judicial Hellholes'
This year's Judicial Hellholes report, published by the American Tort Reform Association, identifies nine "hellholes" in light of changes in the U.S. state court system, the types of cases being seen and the courts' balance between defendants and plaintiffs.
read more >>


Wednesday, December 14th, 2016
Annual Report Card Finds Vermont Has the Best Insurance Regulatory System
Examining a matrix of variables affecting a state's insurance regulations, the R Street Institute determined that Vermont has the best regulatory system for insurance and that North Carolina has the worst, according to the Insurance Regulation Report Card.
read more >>


Monday, December 12th, 2016
Driver Data: Advances in Innovative Exchange
With an innovation worthy of the digital age, the field of vehicle telematics is bringing auto manufacturers and insurance companies into sharper alignment. Now, data recorded in an individual vehicle can be "crunched" to yield insights about driving behavior-insights that can shed light on a driver's risk category. In a further innovation, 2016 brought the establishment of a telematics data exchange, enabling risk managers to make use of this data with the consent of drivers.
read more >>


Thursday, December 08th, 2016
Lloyd's Finds Extreme Weather Can Be Accurately Modeled Independently
In a new report based on research from UK national weather service the Met Office, Lloyd's has found that extreme weather events may be modeled independently. While extreme weather can be related to events within a region, these perils are not significant correlated with perils in other regions of the world.
read more >>


Wednesday, December 07th, 2016
Fed Program Initiates Life-Saving Training for Shootings, Terror Attacks
The length of time victims wounded in school shootings and terror attacks must wait for help from an EMT could be minutes or hours--during which time they could bleed to death. This has happened in a number of cases, including a shooting at an Orlando nightclub in June, when a woman bled to death while waiting for help to arrive.
read more >>


Monday, December 05th, 2016
November Composite Rate -1%, Up From -2% in October
The November composite rate for insurers in the United States moved from minus 2% to minus 1% in November, with commercial insurance seeing the largest increases, according to MarketScout.
read more >>


Wednesday, November 30th, 2016
Recap of 2016 Weather Events
The 2016 hurricane season, which ends today, has been the deadliest since 2005 and the most active and costliest since 2012. In all there were 15 named storms and seven hurricanes, three of them major hurricanes. Hurricane Matthew, a Category 5, was responsible for more than 1,600 deaths and insured loss estimates of about $7 billion.
read more >>


Tuesday, November 29th, 2016
Building a Successful ERM Program
Corporation (KPC) and its subsidiaries since 2004. She is the team leader, coordinator and project manager for the ERM program and its strategic implementation across the Kuwait oil sector. Al-Gharabally, a speaker at RIMS' Middle East Risk Forum 2016, taking place Dec. 13 and 14 in Dubai, United Arab Emirates, discusses the implementation strategies and successes of KPC's ERM program.
read more >>


Monday, November 28th, 2016
Retail Data Security: Preparing for the Top Threat for Holiday Breaches
Here's the question of the season: What is the true cause of the retail breaches we read about year after year? While malware or ransomware may get most of the scary security press, they aren't in fact the main culprit. The primary cause of most retail breaches is, by far, stolen credentials. These are the usernames and passwords of employees, contractors or partners of a retail firm. Victim firms such as Target Corp., Home Depot, eBay and others have fallen prey to similar attacks in recent years: a trusted insider's credentials were stolen and hackers used those to access the network. In some cases, the credentialed access led to the installation of malware on card reader systems, while in others, hackers took different paths.
read more >>


Tuesday, November 22nd, 2016
Wells Fargo: What Should Have Happened
When Wells Fargo fired 5,300 employees in September for inappropriate sales practices, then-CEO John Stumpf approached the scandal with an outdated playbook. In response to the $185 million in fines levied by regulators, he first denied any knowledge of the illegitimate accounts. Attempting to mitigate press fallout by distancing the company from a group of "bad eggs" acting independently is not the answer, however. Even if Stumpf had maintained this assertion of innocence, changes in the risk environment over the past few years demand a proactive approach.
read more >>


Monday, November 21st, 2016
Establishing Company Gift-Giving Guidelines
With increased regulatory oversight around the globe, companies' external and internal gift-giving are under scrutiny. With the holiday season upon us, it is up to organizations, no matter what the size, to clearly state policies and leave no question about what is and what is not allowed. Establishing monetary limits for gifts given and received is also a good idea.
read more >>


Thursday, November 17th, 2016
Best Practices for Protecting Against Fraud
In 1987, during arms control negotiations between the United States and the USSR, President Ronald Reagan popularized the phrase "trust but verify." The maxim is pithy and oft-quoted, but for companies looking to mitigate risk and financial fraud, it should be reworded slightly to "Verify and monitor continuously."
read more >>


Wednesday, November 16th, 2016
Creating a Strong Defense and Offense in Your Risk Management Program
Stakeholders demand that companies grow, but at the same time, they expect growth to be managed to make sure the brand is not tarnished. That means enabling value as well as protecting value, which comes down to striking the appropriate balance between risk agility and risk resiliency.
read more >>


Thursday, November 10th, 2016
Charting the Rise of Ransomware
At the beginning of the year, Risk Management put ransomware at the top of the list when surveying the 2016 cyberrisk threat landscape, and these attacks have arguably come to the fore as cyberthreat of the year, whether you measure by buzz or by increase in incidents.
read more >>


 
(818) 843-2245 PO Box 10065 Burbank, Ca 91510
Copyright ©2002- Los Angeles Chapter. All rights reserved