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Aug. 1, 2013


MexiPass International Insurance Services, LLC


MexiPass is the leading MGA, Underwriting Manager & Risk Management Solutions provider for risks of American entities in Mexico.
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5 tips for minimizing data breaches caused by 3rd party vendors
Corporate Compliance Insights
Has a third-party vendor caused a data breach at your organization? If so, did the vendor notify you? If you weren't notified during — or right after — the investigation you have plenty of company. A new study conducted by the Ponemon Institute indicates that many business associates don't notify their organizations of a data breach during the investigation or after determining the cause of the incident. In fact, 47 percent of those polled either have no timeframe for notification or they do not notify the organization at all.
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No business is too small for hackers
Fox Small Business
Whether it's a state sponsored cyber war, a hactivist or your run of the mill hacker, small business owners have to be prepared if their computer resources go down. Most small businesses would survive a halt in operations for a short period of time, but if they can't access the Internet or client data for an extended amount of time it could mean the end of the business entirely.
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Cloud computing causing rethinking of disaster recovery
Network World
Cloud computing gives organizations the opportunity to rethink many traditional IT practices, but it may be a particularly good fit for disaster recovery and business continuity. Network World Editor in Chief John Dix caught up with IBM Distinguished Engineer Richard Cocchiara, who is CTO and the Managing Partner of Consulting for IBM's Business Continuity & Resiliency Services, for his perspective on the subject.
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Last year's data paints a better picture of the US economy
The Associated Press via The Washington Post
Last year, the economy grew at a faster rate than the government expected. The economy was estimated to grow at 2.2 percent, but instead grew at a 2.8 annual rate. This helps answer a few questions economists have struggled with.
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PRODUCT SHOWCASE
  ClaimsVision®
SaaS delivered web-based claims management platform

Robust claims platform driven by a user configurable unlimited hierarchy and business rules that puts best practices into action.

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TRENDING ARTICLE
MOST POPULAR ARTICLE
ERM: Old concept, new ideas
CSO Online
Enterprise risk management may be old hat, but some CSOs are using it in innovative ways. Here's how it can bring your security program into the future.

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10 years later: What's changed in risk management?
By Dr. David Hillson
The Risk Doctor brand was launched 10 years ago, in July 2003, and we've been looking back to see what's changed since then.

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5 risk management tips for the food industry
Fast Casual
SullivanCurtisMonroe Insurance Services LLC, a California-based insurance agency, has provided five risk management tips for the foodservice industry.

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Emerging market risk: Learning from Brazil and Egypt
Bloomberg Businessweek
As much as business executives can anticipate and plan for the unexpected, the truth is, they can't anticipate everything. But they can, with absolute confidence, be sure that something somewhere will go terribly wrong and disrupt their plans — a superstorm, a terrorist attack, a tsunami, an accident, a coup, a recession, a runaway train. How do you plan for such scenarios? The answer: You can't know what's going to happen tomorrow everywhere your company does business. But you've got to have contingency plans to deal with the unexpected, starting with plans to protect your employees.
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Looking for similar articles? Search here, keyword: Learning from others.


How your small business can protect against identity theft
SimplyRaydeen
Small businesses face the risk of identity theft because much (if not all) of their critical information is digital. As our use of technology has increased, so have the skills of people who can break into systems to steal company information. With so much attention paid to high-tech methods to enhance security, some small companies can overlook the basic best practices when it comes to securing data. As the responsibility and liability that comes with a major data loss can shut down a small business, it's vital you take steps to protect yourself and your company.
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PRODUCT SHOWCASE
  Capital Adequacy and Stress Testing Conference
Join other senior-level Capital Management, Basel and Economic/Regulatory Capital professionals at the 2nd Annual Capital Adequacy, Strategy and Stress Testing Conference, September 30-October 2, 2013 in New York, NY full of expert speaking companies including: Sun Life Financial, Union Bank, PNC, Federal Reserve Bank, FDIC, Citi and many more!
 


Financial firms struggle with risk management
Benefits Canada
Five years after the global economic meltdown, financial institutions around the world still struggle with managing risk brought on primarily by regulatory uncertainty, according to a report. Only 15 percent of financial institutions across the globe have made "substantial improvements toward implementing or enhancing comprehensive enterprise-wide risk management systems," reveals the study, which was conducted by the Economist Intelligence Unit and surveyed 350 senior-level executives at financial institutions around the world. Only 20 percent of polled institutions feel they have integrated risk awareness into their corporate cultures.
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Reputation risk most difficult to manage
The Holmes Report
Reputational risk is the most challenging category of risk to manage, according to 92 percent of companies responding to survey from property and casualty insurance company ACE Group. The survey, conducted across 15 countries within the EMEA region, the survey found that while 81 percent of companies in the survey see reputation as their most significant asset, most of them admit that they struggle to protect it and identifies a number of key reasons why companies in the region often find reputational risk challenging to manage.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    5 risk management tips for the food industry (Fast Casual)
How many claims is too many for your adjuster? (WorkersCompensation)
How to fail at corporate fraud (Threatpost)
Research: Why companies keep getting blind-sided by risk (Harvard Business Review)
More on getting risk management right (FierceCIO)

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Survey: Biggest roadblocks to protection from corporate risks are internal
AccountingWEB
Despite increasing stakeholder and regulatory pressure to improve governance, risk management and compliance, organizations are significantly hindered from performing the task effectively. According to the GRC Technology Pulse Survey 2013 of 2,200 audit, compliance and risk professionals conducted by ACL, this is due mostly to internal roadblocks. A lack of budget, lack of IT support and lack of knowledge about new technologies are the top obstacles impeding all lines of corporate defense from preventing fraud, accounting errors and operational waste.
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Supply chain: What's threatening you?
Business Reporter
Supply chain experts must cope with natural disasters, cybercrime and even the risk of buying controversial blood diamonds if they are to survive, according to industry bosses. As in many industries, the use of data is becoming increasingly important as a means of honing business operations. Supply chain scandals are unlikely to disappear in future. But businesses at least have ways to prepare for this.
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Colby Horton, Vice President of Publishing, 469.420.2601
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