Preface
This is the first of two articles on cyber security and long-term risk. This article discusses the first of two issues that underly the long-term risk. That issue is the need to have a robust Enterprise Risk Management process. It also provides policy recommendations. The second article will discuss the second issue, competition for resources both human and money. It will also present policy recommendations. Continue reading
The title is based on a comment: “The quality fear factor is gone.” The assumption behind the comment is that fear often motivates behavioral change. This was certainly true for the quality movement. But, if the movement was driven by fear, what happens when the fear is no longer there? Does anything replace it? This piece looks at these questions. Continue reading
In April 2019, the Congressional Budget Office (CBO) released a report entitled: ‘Expected Cost of Damage from Hurricane Winds and Storm-Related Flooding’. Because the CBO is an arm of the United States Congress, it does not state policies. Instead, it presents policy options. This article discusses the report, the policy options and the relationship to Enterprise Risk Management (ERM). Continue reading
Introduction
The U.S. federal government is beginning a shift from a reactive approach to a risk event such as a flood or hurricane, to a proactive approach to risk management. This can be seen clearly in the changes to the Federal Emergency Management Agency (FEMA) requirements as stated in the 2018 Disaster Recovery Reform Act (DRRA) and the Draft National Mitigation Investment Strategy. This piece looks at these changes. Continue reading
Introduction
In earlier articles for Insights I discussed two risk-oriented surveys. One conducted at the World Economic Forum was of the world movers and shakers. The second was conducted by North Carolina State University. It reflected the responses of CEOs and senior managers. This article discusses the results of the Aon “Risk Management Survey” of risk managers. Continue reading