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Home   Membership   Education   Events   Resources   External Affairs      April 03, 2014


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Employee wellness programs come with legal risks
American Express OPEN Forum
As companies struggle with rising health insurance costs, employee wellness programs are seen as a helpful way to reduce those costs. Some wellness programs are so aggressive, however, that employees are suing over them. Lawyers say that companies need to be careful to not overstep their boundaries when instituting employee wellness programs. Even if a company hires a third-party wellness program provider, the employer can still be sued for requiring employees to participate.
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Disaster looms: Why today's global supply chains are at risk
Forbes
The recent occurrence of faulty ignition switches in General Motors cars should serve as a wakeup call to companies that lack good visibility into their global supply chains. But most have failed to implement adequate supply-chain risk-management programs that could head off such problems. Many companies remain fixated on boosting shareholder value in the short term. It can be tough to sell top executives on the value of expensive programs that could shield them from disruptions caused by disasters, natural or otherwise. What is the value of a non-event?
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Why integrate risk and compliance?
ebizQ
Compliance professionals have it tough. While risk managers work in shades of grey (or often, red, yellow, and green), compliance officers are often asked to answer the more direct question: Do we meet this regulatory mandate? While the task may differ, compliance professionals without enterprise risk management in their toolbox are at a significant disadvantage. Regulations are changing constantly, responsibility for compliance ranges from high level executives to analysts on the front line, and every business area seems to have its own take on how a particular requirement applies to them. Here's how ERM can help.
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Credit card security risks businesses need to know about
BusinessNewsDaily
As a business owner, you know that accepting credit card payments is pretty much a necessity. It's probably a routine daily activity you don't think much about. However, overlooking some simple security risks could be a costly mistake leading to stolen customer information, lost revenue, fines, and even having your credit card acceptance privileges revoked. When it comes to processing credit card transactions, businesses must follow The Payment Card Industry Security Standards. These rules ensure all companies that process, store or transmit credit card information maintain a secure environment to protect customer credit information.
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Looking for similar articles? Search here, keyword(s): Customer data risks.


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Plans within business continuity
Continuity Central
Even though plans represent just one component of a larger business continuity management system, they are what guide the organization through all phases of response and recovery following the onset of a disruptive incident — from the initial response and assessment to the eventual return to normal operations. Effective planning is meant to ensure that response and recovery efforts align to the expectations of all interested parties and provide a repeatable approach to minimize downtime.
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Harassment at work: 52 percent of women report bullying
CNBC
More than half of women (52 percent) have experienced harassment and bullying at work over the past three years, according to the biggest-ever study of women in the workplace, and the sectors where it is the worst might surprise you. Experts warn that the impact of workplace harassment could also be felt in the damage it causes to companies' reputation and ability to recruit top talent.
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US 30-year bonds fall a 3rd day on bets economy accelerating
Bloomberg
Treasuries fell, pushing 30-year bond yields up for a third day for the first time in three weeks, as a gauge of U.S. manufacturing boosted wagers the recovery in the world's biggest economy is gaining momentum. Thirty-year bond yields rose the most in almost a month before a report on April 4 that's forecast to show U.S. employers added the most jobs this year in March. The yield curve between 30- and 2-year Treasuries steepened for a third day amid bets on increased growth.
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Why your business continuity plan can't wait
Forbes
By now, every company has a business continuity plan, right? Not quite. Many US businesses are not equipped to deal with major disruptions. It's easy to see why. Several companies mistake disaster recovery for BC and merely create plans to pick up the pieces after a serious crisis. That's not enough.

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5 questions boards should ask about risk management
CMSwire
Risk management exists in a dynamic world and should have the agility required to address the changing demands of business. The insightful article "Five Questions Directors Should be Asking in 2014" gets to the point quickly and its few questions serve as a good guidepost.

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Study: The biggest mobile app security risks you may not know about
Associations Now
Despite how vigilant you are about keeping your personal information safe and secure, there's a good chance that you have one or several mobile apps on your phone that put you at risk, according to a new study of more than 200,000 Android apps.

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Food shortages will create business haves, have-nots
FoodDIVE
It's been a tough start of the year for some in the food industry, particularly when looking at various external factors disrupting the supply chain. Global shortages of key ingredients have translated into higher prices for chocolate and coffee, while important growing regions like Mexico and Brazil have been hit by unfavorable weather. Local food suppliers have also been affected, with drought ravaging many crops in California and diminishing the cattle supply. To add to these hardships, America’s meat supply is sure to be reduced as a result of the Porcine Epidemic Diarrhea Virus. So what do these unfortunate events mean for the food industry, specifically for food prices?
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FBI investigating flood insurance map fraud
Housing Wire
On March 21 the White House signed into law comprehensive legislation that effectively washed away the Biggert-Waters Flood Insurance Reform Act of 2012. The bill, passed with bipartisan support in an election year suspends planned, fiscally responsible rate hikes for flood insurance, as part of an effort to reform the troubled, indebted National Flood Insurance Program, which is in debt to the tune of more than $24 billion. The Biggert-Waters Act was passed to ensure the National Flood Insurance Program moves closer to solvency and sound underwriting. It tried to incorporate a more risk-based approach when setting premiums for insurance offered through NFIP.
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Energy pipeline: Cyberattacks hit oil, gas, just as much as retail
The Greeley Tribune
Recent cyberattacks on retail giants such as Target and Neiman-Marcus have been well documented. The public is quite aware that a new generation of malware is causing havoc with U.S. businesses as hackers seek to steal private financial information. What the public might not be aware of is just how costly and widespread the attacks are. Cybercrime overall is costing U.S. businesses $114 billion a year, with another $250 billion lost because of stolen intellectual property, says the top National Security Agency official.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Minimize your risk with document preservation (Idaho Business Review)
ISM studies corporate supply chain risk management practices (Supply Chain Digest)

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Colby Horton, Vice President of Publishing, 469.420.2601
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