Reading the first edition of “The Failure of Risk Management: Why it’s Broken and how to Fix it”,by Douglas Hubbard, back in 2009 was a professional epiphany for me. Having been working in business continuity management for about five years at this stage, I was aware of the prevalence of many questionable practices in risk […]
Book Review – The Failure of Risk Management (2nd Edition) Read More »
Two reports have now been completed into the cause of the failure of the slipway at Toddbrook Reservoir in Whaley Bridge on 1st August 2019: The “Toddbrook Reservoir Independent Review Report” by Professor David Balmforth, commissioned by DEFRA; and “Report on the Nature and Root Cause of the Toddbrook Reservoir Auxiliary Spillway Failure on 1st
My attention was captured yesterday by an interview on the Radio 4 Today Programme with the CEO of National Grid. In the course of explaining the background to the widespread power outages last Friday, he first described the almost simultaneous loss of two producers of this scale as “rare, unique” and later as “pretty unique”.
Interesting Insights on Probability and Likelihood from National Grid Read More »
Building on her previous studies over the last twenty years, Deborah Pretty of Pentland Analytics has recently published new research looking at “Reputational Risk in the Cyber Age”. The study analyses a sample of 125 reputational risk events over the last ten years including: The Samsung Galaxy Note7 recall; The Volkswagen emissions scandal; and Cyber-attacks
New Research Looks at the Cost of Reputational Crises Read More »
I came across a fascinating article recently by Andrew Healy and Neil Malhotra entitled “Myopic Voters and Natural Disaster Policy”. The authors reconciled local data from across the US on government spending on various aspects of disaster preparedness and disaster relief, with election results in each area. Their key finding was that politicians were rewarded,
Voters Reward Disaster Relief but not Disaster Prevention Read More »
I have really enjoyed this new book from Anthony Fitzsimmons and Derek Atkins, and would thoroughly recommend it to all those with an interest in risk management. The title is actually somewhat misleading, suggesting a narrow focus on reputation management; whereas the book actually takes a very broad look at a wide variety of behavioural
"Rethinking Reputational Risk" – An Excellent New Book Read More »
Hot on the heels of the massive ransomware attack on 12 May 2017, reports are emerging of ransomware attack on Disney. Unlike the Wannacry attack, which has impacted over 200,000 computers in 150 countries, the Disney attack has been deliberately targeted, with hackers threatening to release segments of the new Pirates of the Caribbean film
Business Continuity Awareness Week Day 2 – Cyber attacks continue Read More »
What a start to Business Continuity Awareness Week! The theme for this year is Cyber Resilience’, and the week has started with the investigations and continued fall-out from what has possibly been the world’s largest cyber security event which occurred on Friday afternoon. A ransomware attack has spread throughout 150 countries, infecting more than 200,000
There was an interesting discussion of risk displacement on Radio 4’s Today programme this morning in the context of the forthcoming Euro 2016 Finals. Sir Bob Broadhurst, formerly of the Metropolitan Police, was discussing terrorist threats; and specifically how, as we improve security at the most obvious targets, the terrorists turn their attention to ‘softer’
Interesting Discussion of Risk Displacement on Radio 4 Read More »
