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NIST Publishes Artificial Intelligence Risk Management Framework

Workforce Bulletin

On January 26, 2023, the National Institute of Standards and Technology (“NIST”) released guidance entitled Artificial Intelligence Risk Management Framework (AI RMF 1.0) (the “AI RMF”), intended to help organizations and individuals in the design, development, deployment, and use of AI systems.

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HVMG names Linda Philp SVP/CFO

Hotel Business

Hospitality Ventures Management Group (HVMG) , an Atlanta-based third-party hotel operator and investor, has named Linda Philp SVP/CFO. In her role, she is responsible for the company’s accounting, financial reporting, tax, systems optimization/technology and risk management functions.

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How F&B Companies Can Mitigate Some of the Industry’s Biggest Risks

Modern Restaurant Management

Given its expanding market share, it’s become increasingly critical for businesses to plan for and be aware of some of the industry’s greatest risks of disruption. Below are effective ways that some of the most common industry risks can be mitigated.

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This Week’s Comings & Goings

Lodging Magazine

Hospitality Ventures Management Group announced the company has named Linda Philp as senior vice president and chief financial officer. She will be responsible for the company’s accounting, financial reporting, and risk management functions.

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Serving Up Protection: Navigating Liquor Liability in the Restaurant Industry

Modern Restaurant Management

Many states have dram shop laws that hold businesses accountable for serving alcohol to minors or intoxicated patrons who cause harm. This refers to risk management strategies that deviate from traditional insurance models, offering customized solutions to businesses with unique or complex risk profiles.

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Restaurants Under Attack from Cybercriminals: How to Protect Your Business

Modern Restaurant Management

One study found that in 2016, the food and beverage industry accounted for ten percent of all data breaches. Risk management resources : A good insurance provider should offer access to risk management resources, such as employee training, vulnerability assessments, and incident response planning.

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The Revenue Manager vs. AI: Predicting Hotel Demand

Revenue Hub

Point estimates provide clear targets and simplify planning, but they often lack flexibility and may not account for uncertainties or sudden market changes. Probabilistic methods enhance risk management by preparing for various outcomes, but they can be challenging for hotels accustomed to point estimates.

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