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Today's Feature
Industry News
Continuity Central (3/6/2019)
Gartner, Inc. has identified seven emerging security and risk management trends that will impact security, privacy and risk leaders in the longer term. Gartner defines 'top' trends as ongoing strategic shifts in the security ecosystem that are not yet widely recognized, but are expected to have broad industry impact and significant potential for disruption.
Accounting Today (3/5/2019)
Most chief audit executives are confident in their organization's ability to identify and assess emerging or unusual risks, according to a new report by the Institute of Internal Auditors, but management is nevertheless all too often caught off guard by new risks.
InfoSecurity Magazine (3/6/2019)
Public sector organizations are crippled by a lack of automation when trying to protect themselves against cybersecurity threats, a report revealed this week. The report, called Cyber Security in Public Sector: 5 Insights You Need to Know, was sponsored by Tenable and compiled by the Ponemon Institute.
Continuity Central (3/6/2019)
Three quarters of US organizations list an active shooter situation as their top threat, according to Everbridge, Inc. Active shooter situations outrank concerns such as natural disasters, cyber attacks and supply chain disruptions. This is a key finding of a survey for the Active Shooter Preparedness Report, compiled by Everbridge in partnership with Security Management magazine.
Reuters (3/5/2019)
U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The program, which expires at the end of 2020, was created by the Terrorism Risk Insurance Act. The law was passed after the attacks of Sept. 11, 2001, when insurers suffered steep losses and some stopped offering terrorism risk insurance on commercial buildings.
Forbes (2/21/2019)
Chubb has announced a partnership with Impact Forecasting, Aon's catastrophe-model development center, to develop a new terrorism risk model for New York City and other dense urban areas. Chubb and Impact Forecasting are working on the model to enable more realistic estimates of property and casualty losses than are offered by current models, Chubb said.
Insurance Journal (3/4/2019)
Many real estate consumers don’t think about insurance very much. Most assume coverage is always available -- just a phone call away. Few worry that insurance won't be there. But what if such assumptions are wrong?
Property Casualty 360 (3/6/2019)
The year 2018 was tumultuous for the property insurance industry in California. The year started with devastating mudslides in Los Angeles and Santa Barbara Counties as torrential rainfall followed close on the heels of the Thomas Fire of late 2017. In an unexpected move, the Insurance Commissioner determined that the losses from the mudslides would be covered on the property policies as fire losses (in his estimation the wildfire was the proximate cause of the mudslide).
Harvard Business Review (3/5/2019)
Another year and another hack and what seems like a very long wait to learn that it happened. Recently, Marriott waited 11 weeks to reveal that 383 million customer records had been compromised, exposing at least 25 million passport numbers and 8 million payment cards. Can you imagine a company like Marriott waiting for 11 weeks to disclose its quarterly earnings numbers? That wouldn't be acceptable; why is waiting that long to disclose this type of incident?
Computer Weekly (3/6/2019)
There are a number of security challenges facing critical national infrastructure, according to Steve Durbin, managing director of the Information Security Forum (ISF). These include 5G technology, parasitic malware, cloud services and the potential breakup of technology giants, he told the CNI security track of the Security and Counter Terror Expo in London. Rims Resources
The RIMS Risk Management Professional Growth Model identifies the specialized knowledge, skills and abilities required for success at every level of the risk management profession. This model provides a guideline for risk management professionals -- and the organizations that employ them -- about the professional knowledge, skills, and abilities that support career development and growth. It also provides guidance for individual development, and describes those accomplishments that distinguish the risk management professional at every level -- from those entering the profession through to those entering the boardroom. Use of this model will allow risk management professionals to better understand how to develop and apply the abilities, knowledge, skills and attributes they need to be successful at each stage in their chosen career path.
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