I would like to remind all of us that we ought not to singularly rely on our experiences or the experiences of those around us/we depend on. Those dependencies include vendors, suppliers, consultants, and, yes, colleagues/workmates. Experience, singularly relied upon, can be a risk. According to Nobel prize-winning psychologist Daniel Kahneman: “In a rapidly changing world, the lessons of…
“AT&T confirmed yesterday that the company experienced a massive data breach in which an unknown entity stole phone records from almost all of its nearly 110 million customers. The telecommunications giant discovered the breach in April and started an investigation. It found that the hacker accessed the data through an illegal download that targeted a third-party app called Snowflake,…
One would think that Businesses/Islands in the Caribbean, at least many of them, may have thought that COVID-19 “educated” decision-makers on the need to build a resilience component into their Risk Management frameworks. Still, many of them may have failed to do so. That said, even the best of plans can be disrupted. As Mike Tyson once…
Hurricane Beryl has now passed through the Caribbean, leaving a trail of death and destruction. Yet, amidst this devastation, we witness the unwavering “resilience” of those islands and individuals who have suffered. Our hearts go out to them. In the wake of Hurricane Beryl, the pressing question is: what’s the next step? The Caribbean Risk Management Academy (CRMA) was set…
Resilience does not begin with a response. As many islands of the Caribbean, especially the Eastern Caribbean, are facing (direct or indirect) Hurricane Beryl, I thought about the following concepts and their differences: But let’s focus on Resilience; Resilience, resourcefulness, and ‘bounce forward’ strategies are not spontaneous. They must result from meticulous preparations and detailed risk evaluation…
