Property Casualty 360 (5/13/2019)
For the first time, the Federal Trade Commission's (FTC's) Consumer Sentinel Network Data Book, 2018 has identified imposter scams as the top consumer fraud complaint received in 2018. The driving factor beyond the growth of imposter scams is an increase in fraudsters falsely claiming to be from a government agency, such as the Internal Revenue Service or Social Security Administration.

Risk Management Monitor (5/7/2019)
At the end of April, global internet access monitor group NetBlocks reported that Venezuela's state-run internet provider ABA CANTV was restricting the country's access to various social media platforms amid continuing demonstrations and political turmoil. In May, NetBlocks reports this has continued, in addition to similar internet limitations in Benin and Sri Lanka.

Insurance Journal (5/15/2019)
The cyber insurance market remains a source of growth for U.S. property/casualty insurers; however, that growth is slowing, according to Fitch Ratings. The industry's total direct written cyber premiums grew 8% in 2018 to $2 billion, down from 37% growth in 2017.

Reuters (5/14/2019)
President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China's Huawei, three U.S. officials familiar with the plan told Reuters.

Risk & Insurance Magazine (5/13/2019)
Claim frequency in workers' compensation has been consistently declining for 20 years, thanks to the efforts of payers and employers. Work injury frequency has declined by almost a third between 2006 and 2017.

Risk Management Magazine (5/1/2019)
Whether residential or commercial, nearly every construction project today requires the use of subcontractors. While contractors often devote a good deal of effort and attention to their prime contracts with a project owner, subcontracts can be an afterthought.

Insurance Journal (5/15/2019)
Employers deploying wearables in the workplace are possibly exposing themselves to more risk than they realize by collecting more data than they need. While some firms may want to deploy the technologies as much as possible, employers would be wise to limit the data they collect with wearables, according to experts at the recent Risk and Insurance Society (RIMS) meeting in Boston.

Canadian Underwriter (5/14/2019)
Spyware crafted by an "advanced cyber actor" infected multiple targeted mobile phones through the popular WhatsApp communications program without any user intervention through in-app voice calls, the company said.

Joseph W. Mayo is an award-winning project manager and internationally recognized risk management expert. He will also present the keynote address at the RIMS NeXtGen Forum 2019 on June 14 in New York City. Mr. Mayo has more than 20 years of experience in IT and has been a risk practitioner for 21 years. He strives to enhance global risk management and project management practices professionally and on a volunteer basis. During this podcast episode, Mr. Mayo will discuss the impact of environmental, social and governance (ESG) on the risk management community, the current actuarial approach embedded in risk management, and his experience with earning his RIMS-CRMP.

Boards have expressed the need for specific information in order for them to be proactive, underscoring the need for an effective ERM program. This RIMS report emphasizes ERM's ability to steer risk professionals through the challenging task of determining what information should be presented to decision-makers and how it should be communicated. Additionally, it addresses ERM maturity, delivery systems and sources for risk intelligence. Download this report from the RIMS Risk Knowledge library. Free for members.