The time to fix the roof is when the sun is shining risk management has not been uppermost on the Islamic banking sector’s agenda in recent years. It is crucial for Islamic banks (IBs) to have comprehensive risk management framework as there is growing realization among IBs that sustainable growth critically depends on the development of a comprehensive risk management framework. Islamic b...

Oil and gas drilling is based, increasingly, on operational technology, whose cybersecurity is complicated by several challenges. We propose a graphical model for cybersecurity risk assessment based on Adversarial Risk Analysis to face those challenges. We also provide an example of the model in the context of an offshore drilling rig. The proposed model provides a more formal and comprehensive...

The common goal of all repository concepts is the safety in the post closure phase of a repository. But by this the safety of the operational staff and the today public should not take a back seat. This must be an emancipated goal beside the safety in the post closure phase. A keyword in the frame post closure safety is the robustness of the repository concept. The same keyword could be used in...

The authors employ a seeded, ranking type Delphi to answer the following research question: how do each of the major stakeholder groups within organizations (representing both strategic and operational levels) conceptualize the risks associated with IT in operations? Using three expert panels drawn from Big 4 IT audit groups and Fortune 1000 business/IT managers, we identify the IT risks most s...

This research measures perceived risks of consumers when using internet-based operations in Asian low-cost airlines operating in Thailand. A risk profile measure is used to illustrate the risk exposure from the customer’s perspective when flying with lowcost airlines. The paper reports a survey the analysis of which highlights the top ten risks (factors) important to customers. The paper also r...

This paper presents an innovative approach to implementing integrated environmental and health and safety management systems in construction companies. It focuses on the sub-system for operational control of on-site environmental impacts and health and safety risks. The high compatibility between the operational control requirements that are stated in ISO 14001:2004 and OHSAS 18001:2007 and the...

Risk Management is common to projects and operations, the two major phases in the product's lifecycle, but is practiced independently and almost disconnectedly in these two domains. Unfortunately, current risk management methodologies hardly address the problem of risk transition from projects to operations, during the product's transition from the former phase to the latter, or vice versa. Pro...

We develop the first basic Operational Risk perspective on key risk management issues associated with the development of new forms of electronic currency in the real economy. In particular, we focus on understanding the development of new risks types and the evolution of current risk types as new components of financial institutions arise to cater for an increasing demand for electronic money, ...

This research adopts a grounded theory approach to examine the drivers, safeguards and operational outcomes of organizational information privacy responses in the healthcare context. Semi-structured interviews with key healthcare stakeholders were conducted. The findings are sobering. First, privacy safeguards are driven by legal compliance, competitive advantages, available resources and best ...