Late bloomers—75 percent of which have revenues of US $500M or less—are not very well prepared for managing business risks and have narrow views on risk management strategies. Their performance is at the bottom of the scale on every indicator. A majority do not have a formal risk management strategy, and their financial performance trails the pack. Yet one-half say they plan to develop a formal risk management strategy and are most likely to say that they will establish a company-wide risk management team within the next three years.
- Integrated risk management focuses on looking at the full scope of risks facing your operations —using technology to better understand, respond to and manage those risks, even as they change.
- Continuity of business operations heightens your organization’s ability to maintain continuous operations, with processes and infrastructures that are responsive, highly available and scalable.
- Regulatory compliance helps assure that your business and its technology infrastructure conform to constantly evolving government and industry regulations and standards —including those regarding information integrity.
- Security, privacy and data protection helps you safeguard and manage your most valuable assets: data, information, systems and people.
- Knowledge, expertise and skills addresses the resilience of your business by confirming that you have the right resources in the right place at the right time, despite staff constraints and fluctuating demands for highly skilled talent.
- Market readiness concentrates on enhancing your organization’s ability to sense and respond to shifting customer demands and fast-breaking new market opportunities.
The announcement by Bank of America Corp. last week that it would charge customers $5 a month to use their debit cards has rung up animosity from coast to coast.
Coming amid growing anti-Wall Street protests, BofA's new fee has become a focal point for anger and frustration about the flailing economy and Washington's attempts to help the nation recover from the financial crisis.
Industry leader Nokia held onto its No. 1 slot, but its market share continued to plummet, sinking to 24.2 percent in the second quarter from 33.8 percent a year ago. Excess inventory in regions like China and Europe apparently triggered a drop in shipments. Stung by the iPhone and Android phones, Nokia recently reported a huge loss for the second quarter.
IDAHO FALLS, Idaho, Sept 29 (Reuters) - Behind the doors of a nondescript red brick and gray building of the Idaho National Laboratory is the malware laboratory where government cyber experts analyzed the Stuxnet computer virus.
The malicious software targets widely used industrial control systems built by German firm Siemens (SIEGn.DE). Cyber experts have said it appeared aimed mostly at Iran's nuclear program and that its sophistication indicates involvement by a nation state, possibly the United States or Israel.
The Stuxnet virus was a "significant game changer in the cyber world, said Marty Edwards, a Department of Homeland Security official in charge of a cybersecurity program in partnership with the Idaho National Laboratory, which conducts nuclear research.
The U.S. government is concerned that cyber attacks could wreak havoc on the industrial base and cost millions of dollars. The Idaho lab programs are geared toward protecting the industrial infrastructure: chemical plants, food processing facilities, utilities, water systems and transportation.
"It is probably the most important security issue that we face today," said Greg Schaffer, a top official in the DHS National Protection and Programs Directorate. "This is a problem that continues to grow."