This university risk director says the profession has come a long way, but risk managers can increase their value by getting more involved in business strategy and driving true ERM.
Reputational risks in food production can arise from quality control issues that result in injury to consumers. Assessing the supply chain is critical.
Cumulative losses from social engineering scams cost billions. Train employees to detect scams and provide a convenient way to report suspicious activity.
This director of risk management sees cyber, IP and reputation risks as evolving threats, but more formal education may make emerging risk professionals better prepared.