Posted inRisk Management

Litigation Risks Still High on Corporate Radar, Survey Shows

Oct. 22—A new survey of European and U.S. corporate counsel and compliance officers showed that risks of litigation remain a major concern, with 88 percent reporting that the amount of legal disputes faced by their company in the past year has either stayed the same or increased. The annual survey, conducted by consulting firm AlixPartners, also revealed that European respondents were more likely to report an increase in cross-border disputes and the use of arbitration than their U.S. counterparts. More results inside.

Posted inAnti-Bribery

Mapping Third-Party Risks

Many third-party risk-management efforts start with the goal of providing full visibility over a company’s universe of third-party relationships. The trouble is that many companies still don’t have a firm grasp on how to achieve that transparency, or even where to begin, exposing themselves to significant legal and compliance risks. “Companies often underestimate their universe […]

Posted inRisk Management

Social Media Requires Better Risk Management, Accenture Report Shows

Traditional risk management policies are not sufficient when it comes to handling the plethora of exposures posed by social media, a new report from Accenture Finance & Risk Services cautions. The Accenture report, “A Comprehensive Approach to Managing Social Media Risk and Compliance,” addresses the growing importance of social media to business and how business […]

Posted inRisk Management

Survey Finds Gap Between Worker Misclassification and Perception

A new survey by ICon Professional Services, a provider of contingent workforce management solutions, finds a significant gap between the actual financial risk posed by companies that misclassify their independent contractor workforce and how companies perceive that risk. According to the survey, 68 percent of more than 50 executives surveyed said they’re confident they would […]

Posted inBoards & Shareholders

NACD Offers Boards Advice on Sustainability Activities

The National Association of Corporate Directors has released a new handbook designed to help boards of directors and senior management understand their respective roles and expectations in enhancing organizational awareness when it comes to the risks and opportunities posed by environmental, social, and governance issues. “Sustainability awareness has to start with the board,” Carol Casazza, […]

Posted inRisk Management

BrandProtect Adds Advanced Mobile App Validation, Analysis Service

BrandProtect, a provider of social Internet risk detection and threat mitigation solutions, has extended its enterprise-class cyber threat and reputational risk detection and mitigation platform with the addition of advanced mobile app validation and rogue mobile app inspection and analysis. The BrandProtect cyber threat and reputational risk detection and mitigation platform delivers 24/7 brand and […]

Posted inRisk Management

Progressive Selects BAE Systems to Provide Fraud Detection

Progressive Insurance has selected BAE Systems Applied Intelligence to provide the insurance company with fraud protection. The NetReveal general insurance counter-fraud solution of BAE Systems Applied Intelligence will help to augment Progressive’s identification of claims fraud in the personal auto insurance sector. The service will be integrated into Progressive’s advanced internal systems and operations to […]

Posted inRisk Management

Cortera Score Brings Clarity to Business Credit Risk

Cortera, a provider of business-to-business analytics and cloud-based risk management solutions, has announced the launch of Cortera Score, a predictive risk measurement tool that extends its Cortera Pulse service. The Cortera Score predicts a company’s future health and credit risk by drawing insights from trends in the company’s purchase behavior, payment history and business events. […]

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