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Negligence by the state contributed to the triple Fukushima 2011 meltdown

A Japanese court has ruled that Negligence by the state contributed to the triple Fukushima 2011 meltdown. So, this time it is not a negligence related to a landslide, a dam breach or a flood. It is negligence related to a major nuclear accident (Factual and Foreseeable Reliability of Tailings Dams and Nuclear Reactors -a Societal Acceptability Perspective) to be in the center of a lawsuit. As far as we know it is a first in the world. Negligence by…

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Emerging risks or old risks simply renamed

Today we will discuss if intelligent personal assistants like Amazon Alexa and connected toys like the doll My Friend Cayla or various Teddy bears using speech recognition technology represent Emerging risks or old risks simply renamed. The environment First let’s keep in mind that any new technology, development comes with upward and downward risks and that oftentimes the upward side opens fantastic new horizons, well worth “tolerating” the downward aspects. The point of this post is to understand how deep…

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geoethics of fracking and oil

We recently read about geoethics of fracking and oil in IAPG – International Association for Promoting Geoethics (http://www.geoethics.org) Stephen Crittenden, the author of the paper, brilliantly explains “bad practices” in geoethics of fracking and oil, which strike stunning similarities with ethical issues in mining, a topic we are familiar and have written over 20 papers in the last 10 years. We will discuss here geoethics of fracking and oil, bad practices and their similarities with mining. Stephen adeptly starts by defining…

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Comments on the Ponemon survey The Imperative to Raise Enterprise Risk Intelligence

We could not resist to publish some comments on the Ponemon survey The Imperative to Raise Enterprise Risk Intelligence.” The survey shows, as expected, that reputation and cyber risk concerns remain central while progress in abolishing silos between legal, IT and finance is slow. This pairs up with 50% of polled organizations lacking a formal budget for Enterprise Risk Management (ERM) to deliver a fairly dull and inefficient landscape. Ponemon adeptly differentiate Enterprise Risk Intelligence (ERI), i.e. the “data gathering…

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Gartner Magic Quadrant for Operational Risk Management Solutions review

In this Gartner Magic Quadrant for Operational Risk Management Solutions review, we try to go a tad deeper in the analysis. Gartner Magic Quadrant for Operational Risk Management Solutions review We really appreciated the precise definitions of ORM (Operational Risk Management), IRM (Integrated Risk Management) in the Market Definition/ Description. The sub-headings describe the “specs” that ORM/IRM applications should offer although we found, like usual, that the glossary and the definitions could receive more attention. We find it also hard…

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