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Why knowing the difference between risk management and disaster recovery could save your business one day
Financial Post
With globalization, pervasive technology and the effects of climate change, crisis management has turned into an increasingly complicated and vital conversation at boardroom tables. Tsunamis, pandemics and technology meltdowns have made it abundantly clear that crisis planning has endless facets. But are corporations paying too little — or in some cases too much — attention to their crisis management strategies?
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Integrating business continuity management with IT risk management
CSO Online
Most organizations are transitioning, or have already transitioned, to a risk-based approach to security management. However, many of those IT risk management practices still suffer from a degree of fragmentation that hinders the ability of executives to see a reasonably complete picture and make well-informed, commercially reasonable, legally defensible decisions.
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Supply chain disruption a major threat to business
In recent years, supply chains have become longer and more complex, while the severity and frequency of supply chain disruptions seems to be increasing. Natural disasters and extreme weather conditions are not the only threats to supply chains. Systemic vulnerabilities, such as oil dependence and information fragmentation, also pose serious risks, as do political unrest, cyber crime and the rising cost of insurance and trade finance. Research says that 80 percent of companies worldwide see better protection of supply chains as a priority.
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Looking to share your expertise?
In an effort to enhance the overall content of RiskWire, we'd like to include peer-written articles in future editions. As a member of RIMS, your knowledge and experience in the industry can be of great help to your fellow members. And we're hoping you'll share this expertise with your peers through well-written commentary. Because of the digital format, there's no word or graphical limit, and our group of talented editors can help with final edits. If you're interested in participating, please contact Ronnie Richard to discuss logistics.
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Be ready for anything with a business continuity plan
The Online Seller
Nobody knows when business disruptions might occur, but we do know they happen. Rather than be caught off guard and unprepared, you can develop a business continuity plan that can help guide you if disaster occurs. From relatively contained technology disruptions to full-fledged natural disasters, a business continuity plan can provide you peace of mind and, more important, a plan of action to keep your business running in case events take a turn for the worse.
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Missed last week's issue? See which articles your colleagues read most.

    The growing BYOD problem (FierceMobileIT)
Prerequisites for effective enterprise risk management (By Dr. David Hillson)
How to manage cyber-risks effectively (The Guardian)
Top tips for ensuring business continuity (Call Centre Helper)
What do you think is the most important characteristic in an ERM program? (MultiBriefs)

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

  Reduce Your Electrical Safety Risk

AVO® Training Institute, a Megger® subsidiary, celebrates its 50th year keeping people safe from electrical hazards. From equipment application and maintenance procedures to safe work practices, arc flash hazard analysis and engineering services; AVO is the complete one-stop-shop learning center. Our difference is our hands-on approach to safety training. MORE

Using social media monitoring for crisis management
Business 2 Community
It's every brand manager's worst nightmare: An online crisis that has taken on a life of its own and is posing a real threat to your brand reputation. It could be a negative comment from a customer that's gone viral, an online reaction to a brand action in the "real world" or an accidental post by a staff member. But social media monitoring can help avoid situations such as this arising — or can help you regain control if one should occur.
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Small businesses leading nation's economic recovery
CPA Practice Advisor
The economic environment is turning around for America's small businesses despite some lingering challenges from the recession that hit the nation in 2008-2009, according to a new report recently released by the U.S. Small Business Administration Office of Advocacy, an independent office that serves as the voice for small business within the federal government.
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6 workers comp mistakes employers make
Employers, especially small and medium size companies, often are focused on the product or service they provide and inadvertently overlook several areas where they could reduce the cost of workers' compensation. The following are six mistakes which cause employers to end up paying too much for workers compensation insurance.

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How not firing employees can get you into legal trouble
HR Morning
Nobody likes firing people. But sometimes, the gyrations managers go through just to avoid the uncomfortable termination confrontation can jump back and bite you. The following are a few of the less overt firing mistakes companies commonly make.

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5 social apps to encourage employee health and wellness
Staying healthy not only costs a lot of money but requires an investment of time. The investment pays off in employee productivity, morale and high performance. Smart companies are starting to direct energy to educating employees to maintain a healthy lifestyle. It's good for employees, and it's good for business.

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What will drive emerging market bond ETFs in 2013?
ETF Trends
Investors were well compensated for investing in riskier fixed income sectors in 2012. With U.S. Treasuries and investment-grade securities offering reduced income potential, many investors rushed to higher-yielding sectors in what could be characterized as a relentless pursuit of income. Many believe 2013 will be a different story. Selectivity and fundamentals are poised to play a more critical role in generating returns this year. In other words, the relentless pursuit of income may evolve into a more prudent pursuit of income. Investors and managers may more selectively target opportunities and anticipate lower absolute returns but continue to search for additional ways to generate income in their portfolios.
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  Veracity Research Co. Investigations

Veracity Research Co Investigations is “THE Professional Investigative Services Leader”. Since 1995 we have partnered with our clients to assist in reducing their risk and exposure through our expansive investigative service options. Contact us today to learn how we can help you and your staff save time and money! MORE

OFCCP issues guidance on use of criminal records in employment decisions
The Department of Labor's Office of Federal Contract Compliance Programs recently posted a Directive on "Complying with Nondiscrimination Provisions: Criminal Record Restrictions and Discrimination Based on Race and National Origin." The Directive incorporates guidance issued on the same subject by the Equal Employment Opportunity Commission on April 25, 2012. The OFCCP Directive and the EEOC Enforcement Guidance emphasize the racial and ethnic disparities reflected in incarceration rates and advise contractors to proceed with caution when relying on job applicants' criminal records for employment decisions. The OFCCP warns that policies and procedures that categorically exclude individuals based on criminal records and do not take into account the nature and age of an offense may violate federal antidiscrimination laws such as Title VII.
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Weighing the business risks ahead
Fleet Owner Magazine
Truckers know well the risky pitfalls that lay before their particular brand of business: rising fuel prices, higher equipment costs, and the burdens of regulatory compliance (no matter how well intentioned the rulemaking may be) are but a few of the risks carriers large and small must navigate. Yet those risks aren't going to diminish anytime soon — indeed, according to a new survey, the global business community as a whole is worried that weight of risk to their operations, especially on the regulatory front, is only going to increase.
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SEC developing new fraud detection technology
The Washington Post
The Securities and Exchange Commission plans to launch new computer software later this year to spot accounting anomalies, including potential fraud, in the financial statements companies file with the agency. The software would scan a firm's financial disclosures, assess risk factors and generate a score based on a model developed by the agency, Craig Lewis, the SEC's chief economist said in a recent speech. The score would be used to identify potential outliers within a peer group.
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Colby Horton, Vice President of Publishing, 469.420.2601
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