REPORT: Preparing for High-Impact, Low-Probability Events

Posted on Fri, Jan 13, 2012 @ 09:30 AM

A report from Chatham House argues that government and businesses are insufficiently prepared for high-impact, low-probability (HILP) events. Furthermore, the frequency of these events (like Hurricane Katrina, the Deepwater Horizon oil disaster and the nuclear crisis and tsunami in Japan) appears to be increasing. These HILPs will continue to have grave economic consequences across all business sectors and countries.

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Tags: Business Continuity, Emergency Preparedness, Disaster Recovery