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Home   Membership   Education   Events   Resources   External Affairs      April 10, 2014


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Mobile collaboration that will support your business continuity
Data Knowledge Center
The rise of mobile should be welcome news to IT teams tasked with maintaining business continuity and employee productivity through comprehensive disaster recovery plans. In the face of transit strikes, severe weather, a server or application outage and other events that keep employees from working on site, business operations can continue as usual, thanks to widespread adoption of smartphone and tablet use by employees. However, the mobile enterprise doesn't come without risk.
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Safeguarding your business through risk mitigation
SmallBusiness
There is no doubt that running a business comes with a level of risk. The best ideas might start as a small venture but as clients and revenue grow so normally do the risks. The company now has enough money to make it interesting to criminals, regulators will pay closer attention and should something go wrong it may be newsworthy.
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Report: Low cat losses in 2013 driving insurer competition
PropertyCasualty360
Low global insured catastrophe losses and added capacity from non-traditional market sources made 2013 a profitable year for insurers, which have become more competitive by reducing rates for most accounts. This is a key takeaway from State of the Market: NAPCO Property Catastrophe Insights report from NAPCO, an Iselin, N.J.-based wholesale insurance broker specializing in the property catastrophe market.
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When social media in the workplace becomes a legal issue
Real Business
Initially set-up for friends to stay connected, old flames to re-kindle romances, and families to share holiday snaps, social media now penetrates every facet of our society — and few workplaces are exempt from its influence. In fact, it is now more unusual for a business not to use these platforms, such is social media's all-pervasive hold. With staff increasingly bringing their own devices into the workplace and blurring the lines between public and private, it can be a major security concern.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Disaster looms: Why today's global supply chains are at risk (Forbes)
Harassment at work: 52 percent of women report bullying (CNBC)
FBI investigating flood insurance map fraud (Housing Wire)
Plans within business continuity (Continuity Central)

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How closely is the board paying attention to cyber risks?
Inside Counsel
Board members can face liability, either for taking an action or failing to take action. As business becomes increasingly driven by technology on all levels, corporate board members are increasingly at risk because of their duty to exercise oversight and monitor all aspects of a company's technological operations. This includes everything from how electronic information is stored, the company's IT operations, privacy issues, the protection of assets in digital form, and the company's day-to-day technology processes. After all, at the first whiff of a problem, prosecutors and regulators, as well as shareholders in some cases, and others, will all ask the same question: "Who is responsible?" And regardless of who's to blame, the beginning and the end of the inquiry will lie with the board.
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Political risk? Watch out for these countries
CNBC
All five of the emerging market BRICS countries face increased political risk in 2014, according to a new report, which also warned that the recent unrest in Ukraine had wide-ranging repercussions. In its annual Political Risk Map, Aon Risk Solutions warned of a greater likelihood of risk in the countries known as the BRICS: Brazil, Russia, India, China and South Africa. It comes just two days after the International Monetary Fund warned in its latest world economic outlook that while the recovery broadened in advanced economies, risks were rising for emerging markets.
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Ballooning corporate debt risks damage emerging economies
The Wall Street Journal
Risky corporate debt in emerging economies has surpassed levels seen before the 2008 financial crisis, threatening to further jeopardize growth prospects in those countries, the International Monetary Fund recently said.

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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.

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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?

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We're stressed out but not taking vacations
TheStreet
The nation's workers are stressed out despite an improving economy and taking less and less vacation time, even though they need it to relax and recharge. According to a November report from Towers Watson, "stress is the number one workplace issue" for employees, ranking ahead of issues such as obesity or inactivity. Despite that, only 15 percent of U.S. employers consider stress-relief programs to be a top priority, the study states.
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The automobile industry and integrated risk management
ebizQ
In the past few weeks, we've seen major automobile companies face huge product recalls due to safety errors, creating negative media attention and certain financial penalties. As a result, automakers are dealing with a damaged reputation and loss of customer trust. At the center of Toyota, Nissan and General Motor's incidents are two key failures: lack of internal communication and poor enterprise risk management.
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Bitcoin presents promising (but risky) payment alternative for small businesses
The Washington Post
Merchants, entrepreneurs and investors are buzzing about an emerging virtual currency known as Bitcoin, which has been hailed by some as the payment method of the future and cast aside by others as nothing more than a passing craze. So what is Bitcoin, how does it work, and if you're running a small business, should you buy in? "This technical breakthrough presents both potential benefits and risks for consumers and small businesses," Jerry Brito, a senior research fellow at the Mercatus Center at George Mason University, recently told members of the House Small Business Committee.
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Treasury Secretary Lew: US leads world economic rebound
Moneynews
The United States is out in front of the global economic recovery, though it still needs to make more progress, says Treasury Secretary Jack Lew. "We're doing our part. We made tough decisions six years ago, and we stuck with them. We have our economy growing. We reformed our financial system. We have our fiscal house in a much better place," he tells CNBC. "We have growth that is, by world standards, doing very well. [But] by our standards, we still have a lot of work to do."
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