Security leaders looking to mitigate risk of black swan events in their critical infrastructure organizations can follow some steps to emergency-proof their organization, including looking outside their firm for perspective.
The increasing instability in the Middle East, precipitated by the Arab Spring, necessitates global firms to better accentuate political risk and conflict, including terrorism and kidnapping for ransom, in their daily operations.
May 8, 2013
The increasing instability in the Middle East, precipitated by the Arab Spring, necessitates global firms to better accentuate political risk and conflict, including terrorism and kidnapping for ransom, in their daily operations.
It is five years since the publication of Nassim Nicholas Taleb’s book The Black Swan. In the book, Taleb introduces the concept of Black Swan events, which he characterizes as events that are 1) rare; 2) extremely impactful and 3) often endowed by people – after the fact – with elements of predictability. Taleb argued that uncertainty cannot be tamed, in his words, and that it is foolish to attempt to tame it.