The Death of Risk Management

How the era of accelerated technologies shatter our ability to calculate the probability and magnitude of future loss events.

By Eh’den Biber

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Prologue

We don’t listen to what we aren’t ready to listen to.

 

Dr. David Perlmutter is a neuroscientist. His latest book, “Brain Maker – the power of gut microbes to heal and protect your brain – for life” became an instant best-seller since it was publish last month, and frankly it deserve to be because it is brilliant. In the book, Dr. Perlmutter writes about how science is starting to discover the total dependency between the microbes that lives in our gut and our mental and physical state. Obesity, diabetes, Multiple Sclerosis (MS), autism, depression, cancer – all seems to have a direct correlation to the state of our intestine flora. Today I’ve shown a video-clip of an interview with the doctor on the subject to the 14 years old son of my partner. He watched it with unease and when it ended he poured a huge amount of condensed milk on his breakfast, which was in total contradiction to the advise of the doctor had during the clip to avoid if possible a consumption of sugar. I looked at him, amused, and after a few minutes I heard him saying to his mum that he found that the argument of the doctor to be not sufficient enough.

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Size doesn’t matter

Size Doesn’t Matter

Don’t just ask what big data can do for you; ask what you can do for your data.

Why big data can actually mean big problems in information security, why we tend to get lost when we’re “getting high” (mathematically), and why it is far better to have the right data than to have big data.

By Eh’den (Uri) Biber

Last night I set down with my friend Mark Grundland who is a data scientist, mathematician, and frankly one of the smartest and kindest human beings I ever encountered in my life. I showed Mark Alex Hutton slide deck from his RVAsec talk in 2013 called “Towards A Modern Approach To Risk Management” which he loved. When he reached the part of the deck where Alex was talking about “big data” and Hadoop he tried to explain to me what is the mathematical challenges of “big data”. After a minute or so I stopped him, asked him for permission to record it and here is a revised and enhanced transcript of his explanation:

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