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JD Supra
Widespread protests. Civil unrest. Calls for police reform. COVID-19. The underlying social and political tensions in many countries have been boiling over. These interrelated issues form a web of political risk that substantially impacts your business. How can company boards and the C-suite be aware of how these seemingly isolated and disparate events will impact their operations and then work to mitigate these effects?
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Charity Digital
Over the last few years, organisations of all kinds have experienced a significant change in the information security landscape. New data privacy regulations require increased compliance and diligence, with major penalties.
These pressures weigh even more heavily on charities, who have a legal and ethical duty to do everything in their power to protect sensitive user data – particularly that of vulnerable service users.
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EMS1
When I began my career in public safety as a front-line dispatcher in 2001, I quickly realized that my job was no longer just a “job.” It was a career that provided the opportunity to help my fellow citizens in the Augusta community. I set my sights on moving into a leadership position, where I could make an even greater impact, and began to work toward that goal.
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Canadian Underwriter
The P&C insurance industry has technical expertise it could bring to bear in covering future pandemics (risk management and claims adjustment experience, for example), but the financial losses would best be covered through public-private partnerships, speakers said recently during an A.M. Best reinsurance webinar.
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Tech News World
With hurricane season in full bloom and the additional prospect of natural disasters, the importance for companies to have disaster data plans in place is paramount.
Companies that fail to make recovery plans for their electronic gear and essential data are inviting serious financial injury when an emergency strikes.
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Global Banking and Finance
2020 was set to be the year that climate change would take the spotlight on the world stage. Major companies like Microsoft and Delta kickstarted the carbon pledge trend, announcing aggressive targets to take control of their carbon footprint and setting an example to other companies. By March, however, COVID-19 had taken over as the biggest immediate threat to society and we saw the impact that global crises can have overnight, teaching the corporate sphere invaluable lessons about risk mitigation.
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Human Resources Center
Once the outlier of back office functions, payroll has come to represent a core differentiator in managing discontinuous change in the new normal. In the midst of coronavirus-inspired social distancing, company bankruptcies and government bailouts, payroll is the next pandemic shoe waiting to drop.
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Business Insurance
As schools and colleges across the country face risk management decisions about when and how to let students back to the classroom, the institutions face a hardening insurance market and more restrictive coverage.
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Entrepreneur
In the lexicon of business, we often hear of terms such as uncertainty, turbulence, rapid change, dynamism, disruption and complexity. While all these terms are relevant to business, there is one word that is often conspicuous by its absence risk. A closer look will reveal that risk is in fact the common thread that ties together all the above situations. Whether it is turbulence or uncertainty; risk is inherently involved in every business scenario and hence, risk and risk literacy must become part of common business parlance.
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