EL/WLA Operational Risk & Security webinar ''Expect the Unexpected: Black Swans in Security & Risk Management''
Registration to this webinar is free and open to EL, WLA, ALA and CIBELAE Members only.
The term “black swan” refers to an event that lies outside the realm of regular expectations, in other words an “outlier”. With increasing risks and uncertainties surrounding us, the world continues to be a complex place of interdependent elements making ‘’black swans’’ ever more common. If an event and the risk thereof is outside of the experience or knowledge of risk managers, it is of course highly likely it will not be considered and built into a company’s risk strategy. This can be dangerous, as these events by definition can have massively disruptive consequences on businesses and society as a whole on the occasions when they do occur.
This is no different for the lottery sector. Despite foresight being contrary to the very principle of black swans, lotteries may be able to ensure they are quick at identifying these “outliers” when they do occur and to efficiently react to their consequences, both negative and positive. Instead of trying to anticipate black swans, lotteries should reduce their vulnerability to them.
Join EL and WLA at this year’s webinar to discover how security and risk management efforts in lotteries can be honed on addressing black swans in addition to traditional threats across different areas of their activities. Furthermore, the two Associations will highlight how they can support lotteries and communities in such situations.
The webinar will be held in English with simultaneous translations in French, Portuguese and Spanish.