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Reputational Risk occurs when either the company's affected interest group(s) face an experience or event that alters their view/impression of the company; or the company delivers a product or service to an affected group in a manner that is inconsistent with the belief held by the affected group. So, in my view, taking this approach,for a company to measure the impact on reputation risk, it needs to quantify the effect of the above mentioned events - either in rectification and/or loss of future business and revenues. Basically, the question is how different is the firm's business / revenues from the original business plans after the occurrence of the event affecting reputation risk.

Nikhil,

Please browse through my blogs of 2/12/07 and 4/12/07. you may find some answers to your concerns.

Peter

London is where most of the gangsters reside to collect the dough! I get emails giving London phone numbers to contact as I have won lotteries worth millions of pounds!

Dean. What you received is nothing but one of the many variants of the famous Nigerian '419' scam. With so much publicity to the '419' letters and emails, the fraudsters have decided to be more creative. I keep receiving emails from a London address that I have won a British Government lottery! Fraudsters are getting creative by the day.

Absolutely right. The report is pretty tame and is more of a primer than a recommendatory report. Crooks aren't bothered with intra-EU clampdowns. As long as there is a magstripe on a card and they are valid globally - online and off-line- fraud will thrive. The biggest market in the world - US - still remains unsold on EMV. So, who cares for precautions within the EU- we live in a truly globalized world which is flat for fraudsters!

You may add Travellers Cheques by American Express in 1891. TCs were the first form of prepaid application.

you may want to try 'Blegging' as well. The Freakonomics guys mention it frequently. It's begging on the Net via a blog!

Paul, I recommend      http://aprilfoolsdayontheweb.com/

Latest stuff here!

Well, the responses have already come in. check out the statement issued by Dubai World here - http://www.arabianbusiness.com/512517-dubai-fund-threatens-to-turn-back-on-eu

 This will be a tough balancing act for the EU Commission.

Well, this isn't surprising. RFID technology has always been sneered at for cards. But MasterCard is merrily promoting PayPass and Visa has VisaWave; Amex offers ExpressPay. Does this mean that all these offerings are 'hackable'?