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Hacking Cryptocurrency Exchanges

Hacking Cryptocurrency Exchanges does not necessarily include heists. However it may use “good-old” techniques. One day an old Swiss farmer told me: “Son, if you want to stop the milk industry, unplug the electric milking machines”. Likewise, governments can declare exchanges illegal. Hacking Cryptocurrency Exchanges becomes then a political act. It’s as efficient as unplugging a milking machine. Hacking Cryptocurrency Exchanges Governments’ hacks are not the only ones, though, in a pretty open and deregulated realm. Never mind if cryptocurrences seemingly…

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Petya’s consequences dramatically highlight risk road maps significance

The cyber world is asymmetric. A few script kiddies can have the power to launch powerful world-wide, far reaching attacks as we saw with the WannaCry ransomware case. We cannot assume perpetrators will only target political or financial interests. Perpetrators could be anywhere and everywhere. From a risk management point of view, it is irrelevant whether Petya is a cyber weapon being used to carry out cyberwarfare activities or just a ransomware. However, Petya’s consequences dramatically highlight risk road maps…

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It is not necessary to invoke chaos, “complexity” and “irrational methods” to solve problems

This week we discuss why it is not necessary to invoke chaos, “complexity” and “irrational methods” to solve problems corporations and governments face when dealing with risks and uncertainties. A historic view In the mid-60s Peter L. Bernstein’s 1996 wrote a book entitled “Against the Gods, the remarkable story of risk”. The book offered a historic view of risk management and the forces which drove it. Voices have raised since claiming that accepted risk management practices have reached their obsolescence point.…

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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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Ten specific questions Riskope/ORE effectively and elegantly solve for you and your company

We are delighted to show below ten specific questions Riskope/ORE effectively and elegantly solve for you and your company. ORE is the methodology Riskope has developed over two decades of continuous improvements while working for Fortune 500, international organizations, private groups and governments. Ten specific questions Riskope/ORE effectively and elegantly solve for you and your company. For the ease of reading we have grouped the ten specific questions Riskope/ORE effectively and elegantly solve for you and your company in four…

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geohazards probabilities frequencies and insurance denial

Geohazards probabilities frequencies and insurance denial In the anthropocene insurers are facing “new” challenges when insuring against Geohazards. That is true especially for those caused by Human activity. Indeed geohazards probabilities, frequencies and insurance denial constitute a bundle. Insurers have realized that, because of the dynamic evolution, the usual actuarial point of view faces significant challenges and can be misleading. The indiscriminate use of Force Majeure and Insurance denial to protect themselves is actually detrimental to their business and their…

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Business tales, awe and success

We just rolled out our new course for businesses, entrepreneurs, startups. The title is Business tales, awe and success. Participants came from various business areas including mechanical engineering, green energy, automotive, wellness and health as well as engineering. Learn to write/rewrite your business story to plan for success. Embrace changes that will inspire awe and confirm your unique leadership. The two days event is an interactive and guided journey between literary analysis techniques. We also teach more advanced business decision making…

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Business startups success show stoppers and tolerable risks

Business startups success show stoppers and tolerable risks This is a follow up on last week’s post showing how ORE can evaluate business startups success, show stoppers and tolerable risks. Indeed, ORE showed quantitatively where the a priori: “party-breakers”, “underlying assumptions” as well as “key success elements” were in each case. Thus it allows to avoid those pitfalls. The success and failure probabilities were in good agreement with a Kaufmann Foundation study. For the portfolio analysis we have now to look at…

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