Tag Archives: risk

Pandora Event Bulletin: GDP@Risk in Houston (updated)

Pandora Event Bulletin: GDP@Risk in Houston (updated)

  As this is an on-going event and news story, please check back for regular updates. Pandora scenarios suggest Houston economy could lose $27 to $60 Bn of output as a result of Hurricane Harvey Flooding The economy of Houston, Texas could lose $27-60 Bn of economic output in the next year as result ofRead more

Lights Out at Amazon

Lights Out at Amazon

Tuesday, 28 February, saw “high error rates” in multiple AWS services in the US’ eastern region. These began in the S3 service provided by the US-East-1 North Virginia site before spreading to other services hosted by US-East-1 including CloudWatch, EC2, Storage Gateway, and WAF (web application firewall). Disruptions to the S3 Service, which allows clientsRead more

Artificial Intelligence in the Not-So-Distant Future

Artificial Intelligence in the Not-So-Distant Future

  The motto of the Tyrell Corporation – the corporation responsible for android production in Ridley Scott’s 1982 classic Blade Runner – is “more human than human”. As autonomous systems become increasingly ubiquitous and permanent fixtures in modern societies, there is both concern and curiosity that our not-so-distant future resembles something out of a scienceRead more

Is Regulation of Risk Culture the Missing Piece?

Is Regulation of Risk Culture the Missing Piece?

Greater use of civil and administrative sanctions will steer good corporate behaviour more effectively than prescribed risk culture as a regulatory tool divorced from business relevance, say Dr Michelle Tuveson and Professor Danny Ralph, Directors of the Cambridge Centre for Risk Studies. Their paper “Is Regulation of Risk Culture the Missing Piece? Civil Actions Reconsidered”Read more

Opening Pandora’s box: Using city-scale risk models to quantify the global cost of catastrophes, and the value of resilience

Opening Pandora’s box: Using city-scale risk models to quantify the global cost of catastrophes, and the value of resilience

In the Cambridge Centre for Risk Studies we have developed a framework to quantify the potential damage from a Pandora’s box of all ills – a comprehensive taxonomy of catastrophes. The methodology and outputs speak directly to the value of investing in resilience. The analysis has been made possible by novel ‘Catastronomics’ techniques to analyseRead more

The Web of Trust in Cyber Space – Tracing systemic risk patterns

The Web of Trust in Cyber Space – Tracing systemic risk patterns

SSL/TLS is an encryption mechanism that keeps your data confidential between your browser and a webpage. This system protects your data between you and (for example) your bank. To do such things, a bank needs a certificate. That certificate can be verified easily and quickly if it is provided by a certain type of certificateRead more

Bigger Data, Smaller Risk

Bigger Data, Smaller Risk

Risk Managers have never been short of data – they are usually drowning in it – so they can be forgiven for not getting too excited about the prospect of ‘Big Data’: the idea of orders of magnitude more digital information becoming available about everything. Risk managers monitor the variation in performance of their companiesRead more