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Aluminum maker ransomware attack

The recent Aluminum maker ransomware attack is a timely example for our next speech at infonex’s Cyber and Operational Risk Management in Vancouver B.C. Riskope will present Fostering Sustainability and Value Through Convergent Risk Assessments at it. Riskope’s presentation will discuss holistic and convergent approaches. Indeed, as shown by this latest attack, cyber, natural and man-made hazards generate risks that cannot be tackled by siloed approaches. Indeed: Cyber risks are not only an IT issue, thus convergent approaches are needed. Cyber attacks can generate…

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Cultural Entropy and Risk Management

Cultural Entropy and Risk Management are intertwined. Cultural entropy is defined as the amount of energy in an organization that is consumed by unproductive work. It is also a measure of the friction and pent-up frustration occuring when potentially limiting values show-up in the workplace. It measures the level of dysfunction in an organization that is created as a result of fear-driven energy, silos mentality. Image by Monica Volpin. As you can see all of the above poorly affects good risk management.…

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Point Read Operate for Tailings Dams design

Point Read Operate for Tailings Dams design discusses a well-known practice used in other fields. Indeed, if you traveled to Japan you certainly saw metro-trains operators pointing down the platform and calling out—seemingly to no one—as trains roll in and out of the station. Onboard it is much the same, with drivers and conductors performing almost ritual-like movements. If you were in the NAVY you will also remember the PRO method they teach for operating switches, valves, and basically anything.…

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Leadership boosting competitiveness with data driven decision making

Leadership boosting competitiveness with data driven decision making occurs when risk assessment databases, risk data are well structured and ready to advanced analyses. It is then possible to carry out risk triage, bundling and develop mitigation road-maps. We have discussed at length in earlier blogposts the steps necessary to develop a quantitative, convergent, updatable risk assessment. How to start risk triage, bundling and develop mitigation road-maps To perform a solid quantitative risk assessment you should have in your hand: a)…

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