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The 10 Best Industry Blogs

Bloggin’ ain’t easy. Doing it well takes commitment, research, accuracy and regular postings. And, of course, a knack for writing. The staff of Risk Management has a few favorite blogs that we visit on a regular basis for their insight, knowledge and timeliness. The following are 10 of our favorite risk management and insurance blogs:

  1. The Call: Foreign Policy magazine’s blog posts are authored by Ian Bremmer, president of the global risk research and consulting firm Eurasia Group. The blog uses political science to analyze the future of politics and the global economy. When it comes to industry blogs, this one is my personal favorite.
  2. Terms + Conditions: The Insurance Information Institute’s blog covers current disasters, risks, laws, regulations and market conditions, among other topics. Claire Wilkinson, vice president for global issues at III, has done a great job of posting timely articles first thing in the morning, and it seems she’s been joined recently by James Lynch, a veteran insurance professional and blogger.
  3. Clear Risk: The company itself works with organizations to help improve their risk management techniques and the blog, managed by Craig Rowe, covers the various aspects of risk management and insurance in a well-organized and easy to read manner.
  4. Schneier on Security: Bruce Schneier, a security technologist and author, manages this blog, which focuses on security and security technology. He has testified on security before the United States Congress and has written articles for some of the worlds biggest publications. Schneier, an opinionated tech man, knows what he’s talking about — and it shows in every post.
  5. Workers’ Comp Kit Blog: This blog covers (you guessed it) everything relating to the world of workers’ comp. It acts as a discussion forum for employers to learn about workers’ comp cost containment, techniques and strategies. The blog is managed by Rebecca Shafer, and attorney and risk consultant, and features posts by more than 30 other professionals. Though the format of the blog can be somewhat distracting (ads galore), the content is useful.
  6. GC Capital Ideas: The website, a part of reinsurance intermediary Guy Carpenter, refers to itself as more of a platform from which it disseminates information that has been published through reports, briefings and bylined articles. I refer to it as a blog and its information is has proved valuable to our team on more than one occasion.
  7. Calculated Risk: This blog offers a sophisticated analysis of economic data, from consumer sentiment to the mortgage and housing industry to the banking industry. Managed by Bill McBride, a full-time blogger with a background in finance and economics, Calculated Risk proves successful at turning complicated technical data into useful information for the masses. McBride publishes several posts per day.
  8. Political Risk Explored: Brian Hasbrouck, a man with a serious interest in the international political economy, manages this blog. PRE’s short and sweet posts pull from other publications or reports that the blog’s readers may have never come across on their own. The blog’s simple format makes it easy to navigate and read and the Twitter feed embedded on the right-hand side is an added bonus.
  9. Product Liability Monitor: This blog was created by attorneys in the Weil product liability practice and discusses key trends, developments and events that have shaped and are shaping the product liability landscape. The blog’s clean format is something to be imitated.
  10. The FCPA Blog: Its simple name leaves no guesses as to what it covers — news and views about the United States Foreign Corrupt Practices Act. Managed by Richard Cassin, the multiple daily posts gives readers a grim reminder of the oft-corrupt corporate world and analysis of the FCPA’s actions.

If you think we have left off an important blog related to the industry, please let us know in the comments section below.

More iPhones, More Data Threats

As the Verizon iPhone comes to market in retail stores across the nation today, hundreds of thousands (maybe millions) of mobile phone users will switch to iPhone 4 now that AT&T’s exclusive contract with Apple is a thing of the past. But this presents problems, lots of problems. The iPhone is not known for its steel cage-like security features, and numerous security breaches that have compromised iPhone user passwords and data have been documented. So with more and more iPhone users, the risk of personal data breaches increases.

With that in mind, here are a few suggestions of how to secure just about any Apple mobile device:

  • The first and most essential step is to enable a passcode. Always set “simple passcode” to off and create a longer, more secure passcode.
  • Set “erase data” to ON. This will automatically erase all data after 10 failed passcode attempts.
  • If you must store sensitive personal info such as credit card details, you should encrypt such info. You can download the Keeper Password and Data Vault app to do such a thing.
  • Several security firms offer apps that give you the ability to monitor virus threats on your iPhone in real-time, including Symantec, Cisco SIO To Go and Threatpost. All are free of charge.
  • For file encryption, there is Folder Lock or iDiscrete. Both enable users to transfer files to their iPhone from a PC or Mac and are designed to safeguard a wide variety of file types.
  • For those looking to monitor feeds from surveillance cameras (IP and CCTV cameras), there is the iCam Viewer, which allows the user to view up to eight feeds at once and is simple to operate.

If we need more convincing that mobile data threats are a real risk, McAfee just released their fourth quarter 2010 threat report, which revealed a steady growth of threats to mobile platforms.

“Our Q4 Threats Report shows that cybercriminals are keeping tabs on what’s popular, and what will have the biggest impact from the smallest effort,” said Vincent Weafer, senior vice president of McAfee Labs. “In the past few quarters, malware trends have been very similar in different geographies, but in the last quarter we’ve seen a significant shift in various regions, showing that cybercriminals are tapped in to trends worldwide. McAfee Labs also sees the direct correlation between device popularity and cybercriminal activity, a trend we expect to surge in 2011.”

There will (hopefully) be an app for that.

Super Bowl: A Game of Risk

The most-watched sporting event of the year is upon us. This Sunday, the Packers will take on the Steelers in a battle of brawn. But such a large event undoubtedly poses serious risks to everyone in attendance, including vendors, teams and spectators. To understand how the NFL and the stadium handle such threats, I contacted Chris Rogers, director of risk control for Aon Risk Solutions’ national entertainment group with a few questions.

RM: For an event the size of the Super Bowl, there are bound to be concerns regarding the safety of fans, vendors and the facilities used. How does the NFL and Cowboys Stadium go about protecting these assets?

Chris Rogers: As with any event of this nature, the sponsors and promoters are very concerned with fan and participant safety. All responsible organizations spend a large amount of time in the planning and preparation phases necessary to put on such a grand event. Safety and security will be at the forefront of all deliberations during decision-making times. These plans and preparations will have begun virtually the same day that it was announced when and where the Super Bowl would be played and continues right up to, and during, the game itself.

Today, most of these plans will follow the basic outline of the National Incident Management System (NIMS) and their model of Incident Command Structure (ICS), which provides for a structured approach to coordinating all the various entities that will be involved. Using this system, risk and threat assessments will be completed that attempt to identify what threats may be posed and how best to eliminate or mitigate them. These plans will also incorporate the training needed by safety and security personnel working the event.

RM: Does the league or the stadium incorporate weather policies and procedures into the overall emergency planning process. If so, how?

CR: Weather is a large factor in the planning and preparation process. Using historical data and assistance from public and private weather services, various scenarios will be mapped out and preparations will be made for response personnel. These plans would include situations before the game as well as during. Plans will also be reviewed regarding “Sheltering-In-Place” procedures should that be required.

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Weather-trained experts will be on site during the game for immediate consultation and assistance.

RM: What types of events could cause a cancellation of the game? How would that be managed?

CR: The events that might be cause for an event of this nature to be canceled would include: severe weather situations (lightning, earthquake, flooding, tornadoes, etc), civil disorder, major fire, terrorist attack, structural collapse, major news events (assassination of a political figure, outbreak of war), as well as pandemic illness (SARS, flu, etc.).

Each of these situations will have to be addressed by risk and security personnel to determine how likely the event might be as well as how severe it might be. In other words, they will conduct a risk assessment for each during which they will address the likelihood of occurrence and how well prepared they are to handle such a situation as well as what the consequences might be if the event occurs. After this assessment, they will begin to decrease their vulnerability by outlining current controls and capabilities as well as a plan for reducing those vulnerabilities wherever they can. These reductions could involve the “hardening” of the venue with new barriers (additional perimeter fencing, additional security personnel, additional lighting, etc.) as well as implementing new restrictions on deliveries and access to the venue or providing additional training for staff and response personnel.

Another aspect of this will be who will be responsible for deciding when and if a cancellation is needed. This will be decided well beforehand and would include procedures for advising all participants that a cancellation is in effect. These procedures will obviously vary depending upon when the decision is made (before the event, just prior to the event or during the event) as each will have unique challenges associated with it.

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RM: How does the stadium work to prevent possible terrorist attacks. What types of security measures are taken inside and outside of the stadium?

CR: The potential for a terrorist attack is an ongoing threat that any stadium hosting an event must be prepared for. For several years now, large public assembly venues have been “hardening” themselves as a target in order to discourage an attack or at least make it as difficult as possible for someone to do harm. This hardening includes structural changes (additional barriers, increased security patrols, new access control systems, closed circuit TVs, etc.) along with procedural changes (employee and vendor background checks, training, delivery appointments, etc.).

There will also be many meetings with law enforcement agencies to review any known or suspected threats. Pictures of any known threats will be circulated and discussions held regarding possible scenarios that might be an issue. And if the event should be designated as a Special Security Event (SSE), additional military and government personnel and capabilities will be made available as well.

RM: Who do you think will win? Why?

CR: As for who will win, GO PACKERS. As for why, because they have a quarterback with a great last name (even though he spells it differently).

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The OMB Demands Answers About Insider Risks

WikiLeaks has really stirred things up for the U.S. Government, ushering in questions regarding its policy for preventing insider data leaks. And that’s a good thing.

The Office of Management and Budget (OMB) has asked government agencies to detail their strategies for minimizing insider risk.

A highly detailed 11-page memo prepared by U.S. intelligence officials and distributed by Jacob J. Lew, director of the White House Office of Management and Budget, suggests that agencies use psychiatrists and sociologists to measure the “relative happiness” of workers or their “despondence and grumpiness” as a way to assess their trustworthiness.

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The memo was sent to senior officials at all agencies that use classified material. And though it is clear that the White House is in need of more rigid data leak prevention policies, some see the memo as paranoia.

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Steven Aftergood, a national security specialist for the Federation of American Scientists, claims the Obama administration is borrowing heavily from strict programs used at the CIA and other intelligence agencies to root out potential spies. He even goes so far as to call the idea of requiring workers to report any contacts with members of the news media as “triply absurd.”

But for others, what’s absurd is the fact that 200,000 diplomatic cables between the U.S. State Department and its diplomatic missions were leaked.

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The implications of such an act will most likely be serious and far reaching in regards to the U.S.-led war on terror.

What do you think?