ABSTRACT
This chapter views the challenges and exposures associated with technology, cyber, customs security programs, contracts, financial, geophysical, and reputation—all peripheral and potentially consequential, if not proactively managed. Technology and cyber security concerns are dominating issues in everyday life and certainly in businesses that operate globally. As corporations build their international trade activity they create both opportunity and risk. Department of Homeland Security (DHS) has made significant progress since 9/11 in enhancing the security of the nation's critical physical infrastructure as well as its cyber infrastructure and networks. Consignment in international trade is a variation of open account in which payment is sent to the exporter only after the goods have been sold by the foreign distributor to the end customer. Open account terms may be offered in competitive markets with the use of one or more of the following trade finance techniques: export working capital financing, government-guaranteed export working capital programs, export credit insurance, and export factoring.
