The COVID-19 pandemic exacerbated the threat and likelihood of cyber security breaches for organizations, Munich Re’s 2020 cyber risk report found. Despite the growing risk of cyber attacks, companies and organizations are still not utilizing cyber coverage to its fullest advantage.
Cognitive psychology plays a larger role in our decision making than we even realize. For risk managers, it’s imperative that they make sure they aren’t relying on what’s comfortable.
Texas Roadhouse’s Patrick Sterling shares his risk journey, from his days split between HR and risk, to today, where he is working diligently with his whole team.
Oaths provide a sense of duty and accountability to the ones who take them. They instill a true mission into professionals. They provide a clear path to return to, should one fall short.
Great leadership demands diligence, foresight and courage, no matter the economic cycle. Risk & Insurance and four industry leaders discuss the traits and skills business and risk management leaders should bring to the table to help organizations succeed.
Cyber security risk has become a prominent threat for companies and businesses alike. Many fear that a cyber attack could result in loss of information or data. But a recent cyber security breach at a water treatment facility in Florida has made it clear that no entity is safe.
Telemedicine use surged as the pandemic forced more employees to work from home. Though in-person doctor visits have resumed, it’s likely that telemedicine will remain a prominent part of medical treatment. Its increased use presents a challenging slew of risks.
As supply chains continue to lean into a digitized marketplace, it is imperative that risk managers view every potential threat that could manifest into a true cyber catastrophe.
When pandemic travel restrictions made onsite risk assessments more difficult, remote engineering went mainstream. But the consensus is clear — human risk engineering will not be replaced.
Could the risk management industry have been prepared for the risks 2020 presented? In a time where organizations may feel on edge, now is the time to trust that risk management is up to the job.
A lot goes in to creating a successful risk engineering practice. Experts from Berkshire Hathaway Specialty Insurance delve into how they’ve done just that.