When Was The Last Time Your Business Had A Security Assessment?
When was the last time your business had a security assessment?
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Six keys to effective risk management
1. It is not just that risk is hard to understand–some risks may be impossible to understand. Your risk management plan has to leave room for the unknown and the unknowable. This is why advice from great traders always includes a reminder to “stay humble” or to avoid hubris. There’s a lot you don’t know in the market, but there’s also a lot you cannot possibly know. And, in markets, what you don’t know certainly can hurt you.
2. Think about the extremes. Understand the most extreme events that have happened in your market, then look backward and out: look at related markets and go back in history. What is most extreme thing that has ever happened, in the entire recorded history of markets, in markets that might be like yours? Once you understand this, realize that more extreme events lie in the future. Ask the questions: What would happen if you had a position on? How bad could it be? Then, assume that your answers, even with a healthy dose of “paranoia” built in, vastly understate the risks.
3. Think about the “middles”: What are the common risks you will face in this market? What happens a few times a year that could be unsettling? How can you prepare for and protect yourself against these events? Many traders only focus on the extreme risks, but a lot of trading accounts die sad deaths from a thousand cuts. Mundane risks add up, and mundane risks can take you out of the game permanently.
4. Your trading strategy is a risk. One of the biggest risks most developing traders face is that they are doing something that simply doesn’t work. To paraphrase Jack Schwager, you can’t make money without having an edge in the market, and if you don’t know what your edge is you don’t have one. How well do you know your strategy and its characteristics, and how sure are you of those numbers? The unexamined life may not be worth living–Socrates was probably right–but the unexamined trading system is certainly not worth trading!
5. You are the biggest risk. Yes, that’s right you. All of your talk of discipline, preparation, planning, all of the hours of screentime, all of the chats with trader friends–all of that isn’t worth much if you are don’t follow through and do the right thing. If you aren’t disciplined every moment of every trading day, you are not a disciplined trader. The market environment is harder than you can imagine, and it will challenge you to the very limits of human endurance. Spend a lot of time thinking about the most critical part of your trading system: you, yourself.
6. Plan for risks outside the market. Everyone, from the institutional scale to the individual trader, will have outside influences challenge their market activities. Institutionally, regulatory changes and developments in market structure can dramatically change the playing field. Your investors will make mistakes–becoming fearful and exuberant at exactly the wrong times. If you’re an individual investor, you will face outside financial stresses, personal issues, health issues, etc. All of these things will have an effect on your trading that is hard to capture in the numbers, but prudent planning will allow you to navigate these challenges.
Six keys to effective risk management was originally published on Adam H Grimes
Very Informative content
Information Security vs. Cybersecurity
More and more the business terms information security and cybersecurity are used interchangeably. The media and recently elected government officials are dumbing down the world of security, specifically the protection of information in all forms. It seems daily, that the major news outlets in all countries are reporting cyberattacks organizations of all types. Social media is constantly buzzing with the latest cyberattack on well known companies or the latest list of hacked emails being circulated to expose someone.
But are information security (infosec) and cybersecurity (cybersec) synonyms? In order to best answer that question, let’s explore what each term means to us today and how they came to be a part of everyday language.
According to the Oxford Dictionaries online the definitions of these terms are very similar with one small exception:
Information security – “The state of being protected against the unauthorized use of information, especially electronic data, or the measures taken to achieve this.”
Cybersecurity – “The state of being protected against the criminal or unauthorized use of electronic data, or the measures taken to achieve this.”
To highlight the small difference between the two definitions, recognize that cybersec (cybersecurity) relates purely to digital or electronic and infosec (information security) relates to any form of information assets, digital or paper. The prefix cyber is defined as relating to or characteristic of the culture of computers, information and communication technology (ICT), and virtual reality. Interestingly, cyber hasn’t always been associated with the digital age.
Read more: full text
https://goo.gl/xAQeS9
The best way to understand how much security you need is to undergo a series of security assessments. An assessment can give you an excellent insight into what you're missing in terms of security and protecting your assets. Here's five signs you may need to consider doing a security assessment.
Here is an article that discusses the impact of the Enron scandal and how it affected many people that were invested and involved with the corporation. Another famous multi-billion dollar corporate crime that has helped shed some light on why these crimes are a problem within society.
Do you need an external investigator to check out your business? What does an investigator do exactly? Find out here.
Love it!
an introduction to risk management (1980, jacket design by ken vail)
“If you can pay the fine, do the crime.” It’s appalling but seems to be the motivation for many big corporations in the world.
Understanding that corporations can look at their choice of committing a crime and decide whether to do it or not based simply on money is something that is scary. In many ways, these crimes and laws that are in place to prevent crime from happening can simply be neglected by corporations; they can make so much money that paying the fine for doing it illegally means nothing.
Helpful Information About Security and Surveillance Systems.
If you notice yourself at the time where you need to locate an unfailing and efficient security and surveillance system for your residence or business then you should be prepared to feel weighed down. The different technologies, number of brands on the market, plus the dizzying array of features and options is incredible. You’ll just need to have a prearranged and well-planned method leading up to the instant that you spend money. The greatest and observable guiding principle is to conduct your research and then you need to truthfully gauge what you need in this kind of system. We will review some helpful suggestions and points to contemplate in a security and surveillance system for home or office intentions. Knowing about secuirty and surveillance systams is great information for someone looking to find out more about sia licence training. There is so much information on features, options, tech-speak, etc in relation to the security and surveillance industry, which you will see when you start researching. Generally, you can make up a personal system step by step in many cases. For instance, you can put in a surveillance system that possesses many different types of monitoring. Then at a later date you can install video surveillance aspects if desired. When it comes to video, remember that you can purchase CCTV, closed circuit TV, or IP video surveillance that contains new things for better images, different media formats and better ways to process images. In addition, you will find encryption abilities that will effectively get rid of worthless and bad RF interference. Make sure about the types of cameras you want for your surveillance and security system. Video is an essential part of all security systems, however, not really the alarm part. However, you should look at all applications because you can get wonderful hidden cameras that are cheaply priced at around four to five hundred dollars. if you have unique special applications for video, then this is another aspect that you should keep in mind. There are a few cameras that give the best performance when there is someone is present to operate them. This type of surveillance and security camera can be as expensive as five thousand dollars. Be careful about the equipment you purchase because you could pay too much for equipment that you really do not need. All right, we have reviewed the first couple of points regarding sia licence training, of course you recognize they play a significant role. However is that all there is? Not by a long shot - you actually can broaden your knowledge greatly, and we will help you. We feel you will find them to be beneficial in a lot of ways. It really should not need to be said that you must perform closer examination of all pertinent points. Continue reading because you do not want to miss these crucial knowledge items. If you are thinking about getting a system upgrade or want to get a new system, do not get a system that has a duress signal feature. What that refers to is an alternate pass-code you can enter to disable your system, however the duress code notifies a monitoring unit that you are being forced to disable your alarm system. Remember, this could really happen in today’s world. You are going to have to get the right information if you want to purchase a good quality security and surveillance system. This will let you know if you are getting the best product for the best price. We only wanted to give you a taste of what can be found on this subject. It is tough to really find out all there is to know about sia licence form because we know how occupied you are. But you can gain the maximum advantage with more in-depth knowledge. It can possibly seem overwhelming at first, but when you discover the right information you will see that it is not as hard as you thought.
What do you do if you suspect fraud or corruption in your workplace?
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