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Home   Membership   Education   Events   Resources   External Affairs                    Jan. 21, 2014

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The cost benefits of food insurance (not flood)
The Strategic Sourceror
Food businesses, and all businesses for that matter, are taught to prepare for any risk to operations; but what happens when an unavoidable supply chain disturbance occurs? Whether a food organization is a chain or small restaurant, there are multiple suppliers, of which food companies are extremely reliant. Anything standing in the way of keeping the business moving forward can mean more than empty bellies — it can provide a major stigma to a brand. Attention towards risk management tactics by food industry players is a sure way to sustain the life of a business.
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Avoid common network failures
You should not be asking whether your network is going to fail, but when it's going to fail. Fortunately, if you carefully examine the common reasons for network failures, you can be much more proactive in heading off problems before they cost your organization thousands or even millions of dollars. A loss of millions of dollars is not an exaggeration. Recall, for example, the Sony PlayStation Network outage of 2011. That outage reportedly cost Sony a cool $171 million, but many analysts say the actual cost was much more because it resulted in a lasting consumer mistrust of the online service.
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Net neutrality ruling is a net loss for many businesses
By Jessica Taylor
Remember back when there was no such thing as high-speed Internet? The only option you had was dial-up service and had to listen to that pesky dial tone for a several minutes before being able to access what you really wanted. Well, you might be going back to the slow speed you once despised. On Jan. 14, the Federal Communications Commission lost a federal court decision on its Open Internet Order or "net neutrality rule" during the Verizon vs. FCC case. What does this mean and how might this affect you and your business?
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  Go Beyond with Riskonnect
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Surreptitious workplace recording becoming a growing organizational threat
Someone secretly records in your workplace. It could be an employee, a visitor, or an unknown with espionage or voyeurism in mind. Their tool could be a smartphone app, a recorder in a USB stick, or an audio-video recorder hidden in a fake key fob, pen or wristwatch. This is bad news for you and your company. You won't realize it has happened until a lawsuit begins or your competitive advantage evaporates. Embarrassment and expense follow.
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Looking for similar articles? Search here, keyword(s): Workplace recording policies.

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Big banks face sharper risk-management focus in OCC plan
Big banks such as JPMorgan Chase & Co. could face quicker reprimands for risk-management failures under a recent Office of the Comptroller of the Currency policy shift proposal. The national-bank regulator's new standards remove hurdles to targeting lenders with certain enforcement actions. The 79-page proposal follows agency chief Thomas Curry's push to clean up risk-taking at banks hit with billions of dollars in penalties over misdeeds in the wake of the 2008 credit crisis.
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Businesses wise up to supply-chain water risks
Companies all over the world face risks that come from beyond the fence line of their operations. Businesses often have little control over threats to their water supplies. A changing climate can increase the prevalence of drought or floods. Growing populations begin draining the aquifer to irrigate their crops. A new factory nearby might begin polluting a shared river, as recently happened in West Virginia. But so far, few businesses are addressing — or even thinking about — water risk at a landscape level.
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US economy turns onto road to wellville
The Wall Street Journal
The U.S. economy looks like it has reached escape velocity. After years of sputtering recovery, the U.S. economy in the back half of 2013 finally started registering signs of real health. However, that doesn't mean it will no longer feel the gravitational pull of the 2008 financial crisis in the years to come.
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GRC programs on the rise with data management complexity tides
Remaining regulatory compliant and keeping data secure has become increasingly difficult in the digital age, and companies have started taking a targeted approach: Eighty-two percent of respondents to our annual IT Priorities Survey reported that in 2014 their organization will already have, or is planning to implement, a formal governance, risk and compliance program.
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  ACL GRC: Governance, Risk, Compliance Simplified
GRC doesn’t have to be clunky or spreadsheet-intensive. ACL GRC offers a fresh way to help you improve the efficiency and effectiveness of GRC activities. Our cloud-based solution is simple, flexible, cost-effective and suitable for nearly any organization. Watch a quick demo video!

Risk management for the dental professional
Financial planning is a term that gets thrown around a lot, to the point that the meaning could be all but lost. Financial planning is more than investing. It also involves risk management.

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The growing problem of technology risk
Asset managers are certainly no strangers to market risk. Yet when it comes to the risks that IT can present to the business, some firms haven't given technology the weight that it's due.

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Corporate BYOD puts client data at risk
Blogger News Network
Mobile device use in workplaces is increasing — and so is its associated security risks. Current security measures are lagging behind the increased rate of mobile device use in the corporate realm.

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5 risks to your business not in plain sight
Fox Small Business
Disasters come in many shapes and sizes, which means it's not enough to prepare for natural disasters, but small business owners today also must think about what they will do if they lose key employees, are the victims of fraud or see their computer systems compromised. When creating a contingency or continuity plan, take into consideration all the risks your business faces.
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Missed last week's issue? See which articles your colleagues read most.

    Mitigate risks in your supply chain (Sasha Viasasha)
New year, new natural disaster emergency plans (The National Law Review)
Study: Senior managers pose greatest risk to cyber security (Fox Business)
Facebook snooping on job candidates may backfire for employers (Scientific American)

Don't be left behind. Click here to see what else you missed.

Colby Horton, Vice President of Publishing, 469.420.2601
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Lisa Smith, Senior Content Editor, 469.420.2644 
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