Risk management and fraud news from around the web: February 27 – March 3, 2023

Risk management in the metaverse 

For many, the “metaverse” sounds like some obscure sci-fi fantasyland; it’s not without risk. If the metaverse is going to succeed, insurance will play a pivotal role.  

Powering through: How companies can mitigate the risks of rising energy costs 

Companies need to reconsider both the impact of energy risk in the short-term, as well as how they might become more energy resilient in the long-term. Luckily, experts say reducing current energy use and expenditure can be done quickly, at little cost and little effort. 

Preventing fraud through due diligence 

Due diligence is a proactive countermeasure against fraud, helping to safeguard the interests of all parties involved in a transaction. Here are some pointers in how to carry out due diligence and prevent fraud in the process. 

Is threat of regulatory censure a risk worth taking? 

A chief risk and compliance officer describes a dilemma he faced with his board of directors when compliance monitoring uncovered a control failing and the company seemed to be in breach of a regulatory policy.