October 10, 2007
These NewsBriefs are produced and delivered weekly by
Attainium to keep our friends and clients
current on topics relating to Business Continuity, Disaster Recovery and Crisis Management.
Risk - of all kinds - is in areas where we'd expect to find it and even in situations we never thought of.
The process of risk management is a way to protect an organization from financial or other harm by identifying,
analyzing, financing, and controlling risk. This week's articles may help you begin or expand on that process.
The risk issues facing corporations in "virtual worlds" could be broadly grouped into
five major categories. (Item #1)
Globalization means more companies are doing business abroad, but it also thrusts upon
a risk manager a world to which she is unfamiliar. (Item #2)
At the heart of comprehensive risk management lies the increasingly important art
and science of managing reputation. (Item #3)
Managing risk associated with the threat of terrorism can be a daunting task
for companies. (Item #4)
Here are five steps that any organization can utilize to build a framework
for mitigating business risk. (Item #5)
Employee behavioral problems are an increasing source
of risk. (Item #6)
As always, we look forward to hearing about your concerns
with regards to business continuity. If you have a topic
you'd like to see covered, please email me at
bmellinger@attainium.net
Best Regards,
Bob Mellinger
President
Attainium Corp
Quote of the Week
"Living at risk is jumping off the cliff and building your wings on the way down."
- Ray Bradbury -
Articles
1. Gartner issues 'virtual worlds' warning
Media hype and enthusiasm for virtual worlds must be tempered with a realistic assessment
of the security and risk management issues they expose enterprises to, according to industry
analysts, the Gartner Group.
http://www.continuitycentral.com/news03405.htm
2. Foreign Customs
Some of the risks associated with doing business abroad can keep risk managers--as well as
their corporate boards--up at night if they are not careful. And as more corporations expand
into unknown foreign markets, as the world becomes a bit more dangerous with greater incidents
of terrorism and detentions, and as employees exert their legal rights to be protected when
traveling abroad, corporate risk managers have their work cut out for them.
http://www.riskandinsurance.com/story.jsp?storyId=13708816
3. Trading on Your Reputation
You've spent time and effort developing your reputation, creating member or
customer loyalty… and in an instant your good reputation could be gone. Once gone,
it's next to impossible to rebuild.
http://www.continuitycentral.com/feature0335.htm
4. Managing Terrorism Risk
With the increased threat of terrorism, public, private, and governmental
agencies face an increased need to understand and manage the risk to their employees
and organizational assets. A three-tiered terrorism risk management plan can effectively
reduce the terrorism risk.
http://www.irmi.com/Expert/Articles/2004/Gould07.aspx
5. Five steps to building information risk management frameworks
Deploying technology may be easier than changing how employees think, or instilling
the rigor of process within organizations, but it may not be very effective by itself.
In this tip, we'll cover five steps that any organization can utilize to build a framework
for mitigating business risk.
http://searchsecurity.techtarget.com/tip/0,289483,sid14_gci1265239,00.html?bucket=ETA&topic=283211
6. Behavioral Risk In-Depth Series (Part 2): Untangling the Mysteries of Employee Performance
Behavioral risk is rampant in the U.S. workplace. It impacts productivity through
presenteeism and absenteeism, as mental health issues, family issues and work issues
meld to create one troubled worker. The eventual goal of catching employees before
their breaking point is on hiatus while disability managers grapple with the ever-changing
field of behavioral risk management.
http://www.riskandinsurance.com/story.jsp?storyId=13708768
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