Environmental, social, and governance (ESG) has become the next frontier in risk mitigation and long-term value creation. While ESG introduces high-stakes responsibilities for the board, it rests on the same overriding principles of traditional governance, including communicating execution of a strategy in alignment with corporate purpose, vision, and values. Forward-thinking boards will lean into ESG and view it is as an opportunity to improve business resilience while contributing to the greater benefit of all stakeholders.
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The COVID-19 pandemic has led to an acceleration of adoption of cloud solutions and other remote access tools. However, hasty adoption of any new technology that is not combined with robust security frameworks, policies, and controls can leave businesses vulnerable. A formal vendor management process and having specific controls in place can mean the difference between a cloud solution being a huge advantage to agile solutions or leaving the business open to attacks and unauthorized access.
Organizations across the wealth management landscape face an array of technology risks that are growing more prominent in a post-COVID environment. While keeping an eye on the future and building resiliency, learn how to turn five tech risks—including the rise of disruptive technologies—into an opportunity that goes beyond adopting the right technology.
The more we use social media to share updates, pictures and videos with friends and family, the easier it can be for cybercriminals to steal our information. See how you can use social media safely to protect yourself and your private information from cybercriminals.
Crafting the right message can be tricky at the best of times—add a global pandemic and new vaccine to the mix and the process can be downright terrifying. Depending on the needs and culture of your organization, you may use one or a combination of these communication approaches when deciding on whether to roll out a vaccination awareness campaign for your employees.
In the wake of the COVID-19 pandemic, cybercrime syndicates and hackers have been busy: the FBI estimates there’s been an 400% spike in cybercrimes since the onset of the pandemic. In this infographic, learn what’s at stake for affluent and high-net-worth individuals—and how to build protection from the surge in cybercrime.
Water damage is one of the biggest challenges for property managers. Improving plumbing infrastructure and creating a risk mitigation plan can be the difference between sinking or swimming until your next insurance renewal. Learn the five ways to minimize your risk and the cost of water damage. Every preparation you take to combat future water damage will provide coverage opportunities in the present.
Last year’s six cyber predictions were more on target than not in a year that ended up being unpredictable in many ways. Cyberattacks continued to pose a threat to insureds and insurers, as hackers matured, ransom payments increased, and the cyber insurance market continued to change. Looking at the cybersecurity environment, the predictions outlined will help organizations be prepared for what lies ahead.
No matter where you are in your life’s journey, there’s an element of risk to plan for to protect your assets. Blake Panosh, Baird’s Manager of Insurance & Annuities, covers common insurance planning misconceptions, as well as who should consider insurance planning and how to get started.
To advise more effectively, financial advisors to the rich seek to develop a profound understanding of their clients’ attitudes toward money and life. But there is so much more than the amount of a client’s assets that can affect his or her attitudes, goals, and tolerance for risk. In this full research report and through the lens of risk tolerance, family office advisors can learn ways that will not only help improve their wealthy clients’ risk-adjusted investment returns, but their emotional security and happiness as well.