Tag

Risk Mitigation

All articles tagged with #risk mitigation

travel2 years ago

International Travel: Safety Considerations and Planning Tips

Despite the easing of pandemic restrictions, travel still carries risks, and experts warn that poor planning and lack of knowledge about destinations are the biggest security risks travelers face. While popular countries like England, France, and Italy may be deemed safe by the government, hotspots can flare up faster than authorities can track them. Additionally, travel within the United States is not rated for safety by the State Department, and other countries issue troubling advisories about traveling in the U.S. To stay safer while traveling, experts recommend researching destinations, ensuring vaccinations are up to date, purchasing adequate travel insurance, having emergency contacts and a backup plan, and considering additional safety features like telehealth and kidnap and ransom insurance. Ultimately, travelers should be aware that travel is never completely safe and should take precautions accordingly.

finance2 years ago

"Hedge Fund Titan Predicts Imminent Pop of Historic Credit Bubble"

Mark Spitznagel, founder and CIO of hedge fund Universa Investments, known for tail-risk hedging, warns of the "greatest credit bubble in human history" and a "tinderbox" economy. However, he advises retail investors to focus on the long term and not bet against America, echoing Warren Buffett's advice. Spitznagel believes that risk mitigation can be costly and recommends avoiding knee-jerk reactions to market downturns. He points to rising public and private debts and the Federal Reserve's interventionist policies as factors contributing to the potential credit bubble. Despite his concerns, he acknowledges that markets always recover, even from unexpected black swan events.

finance2 years ago

"Hedge Fund Titan Predicts Imminent Pop of Historic Credit Bubble"

Mark Spitznagel, founder and CIO of hedge fund Universa Investments, known for tail-risk hedging, warns of the "greatest credit bubble in human history" and a "tinderbox" economy. However, he advises retail investors to focus on the long term and not bet against America. Spitznagel believes that classic safe-haven strategies may not be cost-effective and supportive of higher overall returns. While he is concerned about the future of the stock market, he doesn't recommend retail investors try trading options or betting against the market. Despite potential economic disaster, he believes markets always recover, even from unexpected black swan events.

technology2 years ago

Navigating the Opportunities and Risks of Generative AI in Business

The rise of Generative-AI apps and GPT services is causing security concerns for organizations as employees connect unvetted apps to core business systems. The risks of using these apps include unintentional data sharing and unverified apps with high-privilege access. Astrix Security offers a solution to minimize AI risks by providing a full inventory of AI-tools, automated security guardrails, reducing attack surface, detecting anomalous activity, and automated remediation workflows.

technology2 years ago

The Extinction Risk of Artificial Intelligence: Experts Warn

Experts, including heads of OpenAI and Google DeepMind, have warned that artificial intelligence could lead to the extinction of humanity. Dozens have supported a statement published on the webpage of the Centre for AI Safety, calling for mitigating the risk of extinction from AI to be a global priority. However, many other experts believe that fears of AI wiping out humanity are unrealistic and a distraction from issues such as bias in systems that are already a problem.

technology2 years ago

White House and Tech Leaders Collaborate to Advance Responsible AI Innovation and Reduce Risks.

Vice President Harris and senior Administration officials met with CEOs of four American companies to discuss the risks associated with AI and the need for responsible behavior, transparency, and risk mitigation. The Administration emphasized the importance of appropriate safeguards and protections to ensure the safety, security, and efficacy of AI systems, and to protect people's rights and democratic values. The CEOs committed to continue engaging with the Administration to ensure responsible innovation and cybersecurity.

finance2 years ago

The Troubling Impact of Credit Default Swaps on Europe's Banks.

Credit default swaps (CDS) are derivatives that offer insurance against the risk of a bond issuer not paying their creditors. The CDS market is worth around $3.8 trillion, but the market is well below the $33 trillion of its heyday in 2008. The biggest CDS market is for governments. CDSs were one of the financial instruments at the centre of the 2008 financial crisis. The current turmoil does not reflect a steep drop in the value of the securities that underlie the CDS.