Companies can only manage risk, not eliminate it. In a highly regulated industry faced with dramatic changes in business methods and oversight, financial institutions must be ready to meet unexpected challenges. In the event of a data breach, litigation, or governance crisis, Corporate Risk Advisors has professionals who can help.
Our experienced crisis management teams are available to organize a quick response program and to assist an institution's staff in completing the numerous tasks that must be undertaken in situations that are potentially costly or damaging to a company and its reputation. Among other things, these tasks include the appropriate notice required to mitigate loss, internal investigations and fact-finding, liability evaluation, resolution analysis, remedial program development and interface with management the board of directors and, if appropriate, the regulators.
Corporate Risk Advisors can provide crisis management assistance during significant data security breaches in which the affected financial institutions had potentially large statutory damage exposure and accompanying reputation loss. Among other things, Corporate Risk Advisors is able to narrow the scope of potential loss exposure, fashion a media-friendly response, assure the institutions' regulators that security weaknesses are being addressed, as well as implement customer dialogue in a manner that is well received by the institution's customer base.
In addition to immediate crisis management, class action and similar claims brought against our clients have the potential to create significant loss. Our economic and statistical staff works in conjunction with law firms to prepare valuation analyses, assess liability and prepare due diligence and document discovery responses.
The Crisis and Litigation Management Services we offer include:
- Crisis Management
- Data Security Breach
- Litigation Support
- Expert Testimony Assistance
- Due Diligence
For more information about our Crisis & Litigation Management services, please contact us.