NA 25-030 When It Rains, It Pours: How Crisis Situations Can Lead to Downward Spirals

Join Dr. Ariane Chapelle, a renowned risk management expert, for an insightful examination of how incidents and crises create special states of heightened risk that could potentially spiral into business failure. She will explore why failures from “perfect storms” or extreme bad luck are often rationalizations for unattended, interconnected risks that were just waiting for a period of vulnerability to kick over the first domino.

Through examination of high-profile cases like the Equifax data breaches and Société Générale's trading losses, Dr. Chapelle will illustrate how factors like resource diversion during crisis management, decreased cognitive capacity under stress, and natural risk interconnections can create dangerous feedback loops that can spiral out of control.

You will learn how to:

Understand the factors that heighten likelihoods and impacts of risks facing organizations.
Identify and manage interconnected risks.
Learn strategies to break the cycle of cascading incidents.
Develop robust incident management approaches that help prevent risk spirals.
Build organizational resilience through proactive risk management.

Additional Information

Field of Study: Information Technology
Prerequisites: None
Advanced Preparation: None
Program Level: Basic
Format: Group Internet Based
CPE Credit: 1

CPE Credit Notice

This is a group internet-based event for NASBA authorized continuing education credit. After the webinar, a Certificate of Completion for the webinar indicating 1 hour of CPE credit will be issued to those interested.

Riskonnect is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.