Remove 2001 Remove Business Continuity Remove Insurance Remove Mitigation
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Black Swans and Swiss Cheese – A Boat Crash in Baltimore

Plan B Consulting

This is a classic business continuity and emergency response incident, and I thought I would examine it through the lens of a couple of risk management concepts: black swan events and Reason’s Swiss cheese theory. The cargo was destined for Sri Lanka, and so there may be a knock-on impact on their businesses and economy.

Banking 52
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Internal Controls & Fraud Prevention

Reciprocity

These findings (and many more) show that fraud is a widespread risk that can affect any organization, its business continuity, and its reputation. So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? These consequences came to pass when the Enron scandal broke in 2001.

Audit 52