Bean Ninjas’ Post

Chayeeta Sarkar is in town! Any of my connections heading to Marketplace Risk UK Summit in London, feel free to reach out to Chayeeta and collaborate on all things T&S, your challenges and innovations that will shape the future. See how Alorica can help! #marketplacerisk #trustandsafety #riskmanagement #alorica

Identify and Assess Risks: They emphasize the importance of understanding the risks involved in your business, particularly in e-commerce. This includes pinpointing the source of the risk and evaluating its potential impact. - https://lnkd.in/gQbTJxVh . . #riskanalysis #riskmanagement #businesssafety #ecommerceprotection #mitigaterisks #proactivebusiness

Diversity is a national security risk…

I speak with many merchants and ISOs every week. One thing I've noticed is the stark difference in how they approach chargebacks. ISOs are laser-focused on risk management. They've been burned before by merchants racking up chargebacks and disappearing, leaving the ISO to cover the losses. That's why they're all about prevention - reserves, holds, alerts, easier risk reviews, you name it. Merchants, on the other hand, are often so focused on growth that they overlook the importance of chargeback prevention in the first place. They see holds and reserves as obstacles, not realizing these are consequences of poor chargeback management. So the most interesting part is that when merchants start “thinking like ISOs”, things change dramatically. They’re viewed as more of low-risk, high-reward partners. ISOs start offering better terms, lower fees, and more flexible reserves. It's a complete shift, but it all starts with merchants prioritizing chargeback prevention just as much as growth. Which begs the question - how do we motivate merchants to want to think about things from a bit different perspective?

🔍 Strengthen your business with Redfern Retail Risk against retail loss🔍 As we approach FY25, it's crucial to stay ahead of the curve and ensure your retail loss strategy is robust and effective. At Redfern Retail Risk, we specialise in comprehensive strategic reviews designed to safeguard your business and maximise profitability. Why Engage Redfern Retail Risk? ✅ Expert Analysis: Our team of seasoned professionals brings years of experience in retail risk management, providing you with insights that are both deep and actionable. ✅ Tailored Strategies: We understand that every business is unique. Our strategic reviews are customised to meet the specific needs and challenges of your organization. ✅ Proactive Solutions: By identifying potential risks and vulnerabilities early, we help you implement proactive measures to mitigate loss and enhance operational efficiency leveraging international best practice. 🔗 Take the Next Step: Engage Redfern Retail Risk to undertake a strategic review of your business's retail loss strategy in FY25. Let us help you build a stronger, more resilient retail operation. Contact Us Today: Reach out to our team to learn more about how we can support your business goals and secure your retail future. E: info@redfernretailrisk.com P: 03 7064 0532 hashtag #RedfernRetailRisk #StrategicReview #LossPrevention #Retailing #business #CEO #CFO

The latest case study available on C2 RISK website is on e-commerce - essential information on data security and a great example of where we can help! #C2Risk #datasecurity #cybersecurity

⚠ Supermarket Tech Glitch: A Real-World Resilience Test ⚠ This weekend's IT glitches at Tesco and Sainsbury's, causing chaos with contactless payments and online deliveries, serve as a stark reminder of the critical role operational resilience plays in business today. Here's why operational resilience deserves a top spot on every business leader's agenda: 🚧  Third-Party Reliance: While third-party vendors offer efficiency, their own vulnerabilities can become your Achilles' heel. We saw this potentially play out at McDonald's the day before, highlighting the need for robust third-party risk management. 🖥 It's not just about cyber-attacks: Major outage stemmed from a software update gone wrong, showcasing that disruptions can arise from various internal and external factors. 👥 Resilience builds trust: The ability to bounce back quickly from disruptions fosters customer confidence and brand loyalty. Proactive measures like scenario planning, redundancy in systems, and clear communication channels during outages go a long way. The Takeaway: Operational resilience isn't just a buzzword. It's about anticipating, containing, and recovering from disruptions. Even for businesses outside FCA or PRA regulations, implementing similar practices demonstrates a commitment to robust infrastructure and customer well-being. This can be a major differentiator in today's competitive environment. #operationalresilience #supplychain #thirdpartyrisk #businesscontinuity

A reminder that we are ALL at risk - Fin Serv and non Fin Serv organizations: Join PwC and Fusion for their upcoming webcast series "Up to date with DORA – best practices for implementing requirements".   In this session, we will dive into operational resilience management and reporting, providing you with valuable insights on how to: ➡️ Manage digital operational resilience holistically ➡️ Define appropriate governance structures ➡️ Identify and map critical and important functions ➡️ Detect potential risks and threats on your business operations   💡 Together with Fusion Risk Management, we will demonstrate how to operationalize the DORA requirements by building transparency out of your data foundation to support end-to-end risk management.   📅 Save the date: 21 March 2024 | 9:00 to 9:45 CET 👉 Register now and secure your spot: https://lnkd.in/ebWh6pQz 

Freight Management Risk Mitigation What is Freight Management Risk Mitigation? Freight Management Risk Mitigation is establishing plans to reduce any potential risks that may arise with managing your freight. Ensuring that your freight still gets shipped regardless of any hurdles that may crop up from time to time. Freight Management Risk Mitigation Issues -           Capacity Crunch -           Transport Strikes -           Cyber Security / IT Issues -           Government Legislation -           Warehouse / Depot Issues -           Natural Disaster Freight Management Risk Occurrences -           Boston Bridge incident -           Aus Maritime workers strike -           Rerouting of the Red Sea -           Qantas IT system cargo issues -           SA floods affecting Rail freight; NSW floods affecting Road freight -           Cyber attack against the Toll Group -           A massive peak season 2020 (due to Govt. restrictions increasing online shopping Freight Management Risk Mitigation Strategies Find the right: -           Freight Technology, -           Access to the right Industry Knowledge, -           Operational strategies to provide you with options for carrier selection; options for successful delivery. To do this you should conduct a Freight Review to get the right mix of carriers & services to distribute your freight. Use a multi-carrier Shipping Platform so you can quickly pivot to ship all your freight via one of your main carriers if/when the other(s) cannot, (instead of sharing it as per your business rules when there are no crises to deal with). Ecommerce Shipping Risk Management Strategies For those with online shopping, dropshipping, click & collect, hold for pickup / drop off we have the Shipping Platform to manage those needs as well. Having an ecommerce strategy can assist with some of the Risks that rise in logistics. #freightmanagement #riskmitigation #logistics #ecommerce

As the holiday shopping season approaches, retailers are entering one of the busiest times of the year and face an increasing number of risks. Gallagher Bassett provides the claims and risk management solutions our clients need to manage seasonal risk while protecting their customers, employees, and businesses. Learn more: https://hubs.ly/Q02XzmS70