Page 66 - EBOOK RISK MANAGEMENT

b. any event or action that could cause a loss of or damage to buyer or

supplier in trading internationally. The increase in the export market is highly
beneficial to an economy, but on the other hand the increase in imports can

be a threat to the economy of that country

c. any aspect of work that cause health and safety risks and have the potential
to harm

d. risk that may involve a third party who might held responsible for certain
types of losses and can be sued for bodily injury or other damages

5) ○Hire security guards to improve the supervision at the premise especially in

midnight

○ Purchase burglary insurance to cover the loss incurred
○ Make sure all the doors locked properly before leaving the premise

○ Keep the property in the locked safe or strong room to avoid the theft risk

○ Installing CCTV and alarm warning systems to alert peoples about the theft
and reduce the casualty loss

These all risk management techniques suitable to be implement in

a. Fire Risk
b. Online Fraud Risk

c. Burglary Risk

d. Property Risk

6) Explain FOUR online crimes that are most offence.

7) Identify risk involves in the following cases and suggest risk management

techniques that can be implement by the firm.
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - The fire at the building

housing Malaysia’s biggest retirement fund EPF in Selangor on Tuesday (Feb
13) was caused by a spark that set a flammable cladding panel on the

building’s exterior alight, a senior fire department official said.

Fire and Rescue Services Department deputy director-general Soiman Jahid
said the fire started on the first floor of the six-floor Employment Provident Fund

57