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Today's Feature
Risk & Insurance Magazine (8/7/2019)
Fatigue as a safety risk doesn't get a lot of attention until it affects pilots, train conductors or other people in safety-sensitive positions. But fatigue can be a significant injury risk and loss driver for any company. The risks have increased as medical claim costs continue to rise and as a larger percentage of the workforce is stretched thin and more likely to be working some kind of side hustle, whether it's driving for Uber or loading trucks overnight for UPS.
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Industry News
Risk Management Magazine (8/1/2019)
Poised to become the new standard for cellular mobile communications, 5G -- or fifth generation -- technology promises nearly instantaneous wireless connectivity, vastly improved data transmission capacity and a potential boon for a wide range of internet of things devices.
Insurance Journal/Bloomberg (8/1/2019)
Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The cloud is faster. And the cloud is far more secure. Then a hacker got into the cloud, siphoning off sensitive information for more than 100 million of Capital One's customers.
Property Casualty 360 (8/6/2019)
Public entities tend to have tighter budgets than organizations operating in the private sector, and this can have an impact on their ability to invest in information technology (IT) security. As a result, they are becoming an increasingly attractive target for cybercriminals.
Continuity Central (8/7/2019)
Nearly half (42 percent) of financial services firms say they will transfer UK business to a global centre outside the EU on day one in a no-deal Brexit scenario, with most choosing New York/US (13 percent) for this location. This is according to a survey by EY.
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Risk & Insurance Magazine (8/2/2019)
Imagine this scenario: You're sitting at your desk at work, when suddenly your computer screen is covered by a long message. You try closing out the window but that doesn't work. You scan the message: "Your computer has been infected... Your files are encrypted and currently unavailable... time is much more valuable than money."
Risk Management Magazine (8/1/2019)
The week of July 4th, two major earthquakes -- one a 6.4 magnitude and the other 7.1 -- hit a desert area outside of Los Angeles. While city residents experienced relatively minor effects like limited power outages, several smaller towns between the epicenters and Los Angeles suffered major widespread property damage.
Insurance Journal (8/6/2019)
Equifax 2017. Marriott 2018. Capital One 2019. Data breaches through hacking attacks are distressingly common these days, and personal details about you can lead to identity theft, such as credit cards and loans in your name. But it's hard to pin the blame on any specific hack, as the most sophisticated criminals combine data from multiple attacks to better impersonate you.
Continuity Central (8/2/2019)
In spite of best intentions, protective measures, vigilance and forward planning, organizations will always be at risk of losing their workplace due to reasons such as fire, flood, extreme weather, or structural collapse. Likewise, even if the fabric of the buildings themselves are serviceable, access may be denied due to contamination, lack of power or water or being within a police cordon following a terrorist incident.
Rims Resources
  
Chris Mandel, AIC, ARME, CPCU, RF, RIMS-CRMP, senior vice president of strategic solutions for Sedgwick, will share his expertise as the instructor for the society's upcoming Enterprise Risk Management workshop this September 12-13 in San Diego. Mr. Mandel has more than 25 years of experience in insurance and large global corporate risk management. Throughout his career, he has designed, developed and led the award winning, enterprise-wide risk management programs, including pioneering the development of an integrated risk management program at USAA. Rated by the S&P as "excellent," the program went on to win Treasury and Risk Magazine's Alexander Hamilton Award for "Excellence in ERM" in 2007. Chris Mandel has received numerous other awards throughout his career, including RIMS Harry & Dorothy Goodell Award (2016), the Society's highest honor that recognizes an individual who has furthered the goals of the society and the risk management discipline through outstanding service and achievement.
  
Mentor Match fosters nurturing relationships amongst RIMS members. It enables risk professionals at all levels to seek out, interact with and learn from each other. Once you complete your profile, you can search mentors and mentees by interest, career level, location, gender, ethnicity and many other options. Whatever stage of your career you're in, you can benefit from Mentor Match. It's easy -- log in to Opis and get started!