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Black Swans and Swiss Cheese – A Boat Crash in Baltimore

Plan B Consulting

APRIL 2, 2024

Traditional risk management focuses on identifying and mitigating risks that can be predicted based on historical data and past experiences. According to The Times, ‘An analysis of 503 bridge collapses in the US between 1989 and 2000 found that only 2 percent were caused by ship collisions’.

Banking 52
Banking Insurance Insurance Mitigation 52
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In Cybersecurity, the Agility and Speed of Small Banks is an Advantage

FS-ISAC

MARCH 2, 2022

Change is much harder, of course, at a bank with 100,000 staff than it is at a firm with only 2000. This includes regulators, the board, auditors, insurance carriers, internal executives, and other third parties. Finally, large organizations seem to develop a resistance to change. buy vs. build a security capability).

Banking 59
Banking Cybersecurity Risk Reduction Financial Services 59
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