Articles in the Global Risk Category
Article by Homeland Security Newswire
Published March 28, 2012
The government of Haiti and the UN Development Program launch Haiti’s National System for Disaster Risk Reduction program; the UN says this is one of the first times that a developing country has taken advance measures to reduce the vulnerability of its people and economy to future earthquakes
Haiti’s minister of the interior, Thierry Mayard-Paul and UN Development Program (UNDP) administrator, Helen Clark, the other day hosted a ceremony in Cap-Haitien, putting into action a Seismic Risk Reduction Plan for Northern Haiti.
The Ministry of the Interior of Haiti …
An estimated 20,000 people died or are still missing after a massive earthquake-induced tsunami struck Japan on 11 March 2011, yet some 200,000 people were in the inundation zone at the time; experts say that if the same magnitude earthquake and tsunami hits the Pacific Northwest, the death toll will be much higher because of the lack of comparable preparation; that 90 percent rate could be the number of victims, not survivors.
By Christopher McCraley, PMP, CBCP
January 2, 2012
“Don’t consider your reputation and you can do anything you like” states a Chinese proverb, a most pertinent proverb to describe the multitude of issues facing all variety of businesses in the current business environment. The proverb points out both cause and effect of what’s happened to countless reputations throughout financial services. In essence, it describes reputation risk management: not considering the risk to one’s reputation risks the reputation of the business itself.
For financial service firms, any inattention to any type of …
Erupting volcanoes do not often show up in scenario plans for financial services firms but they might do from now on.
An event such as a giant volcanic ash cloud closing the European airspace for almost a week is proof that so-called black swans – or extremely rare loss events – really do happen. The chaos caused by the eruption of Iceland’s Eyjafjallajökull volcano brings home the importance of having business continuity plans in place that prepare for all eventualities.
“The volcanic ash cloud and the effect across Europe is truly …
Global Risk »
–By Brian Krebs and Ellen Nakashima–
A widespread and coordinated cyberattack during the past few days has targeted Web sites operated by major government agencies, including the departments of Homeland Security and Defense, the Federal Aviation Administration and the Federal Trade Commission, according to several computer security researchers. The attack involved thousands of computers around the globe infected with rogue software that told them to repeatedly attempt to access the targeted sites, a tactic aimed at driving up traffic beyond the sites’ normal capacity and denying access to legitimate users, according …