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Risk has been around a long time and is receiving a lot of press–most of it bad. For the last few years, attention has been excruciatingly focused on information security. However, the current market dislocation initiated in the subprime mortgage sector has dramatically shifted the spotlight away from information risk and back to the financial arena.

We’re being showered by articles, warnings and dire forecasts concerning risk of some type or fashion–usually accompanied by predictions alluding to “the end of civilization as we know it.” Personally, I think it’s a bum rap. It’s an image problem–a classic case of perception vs. reality with perception winning.

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