Steven Minsky
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  • Boston, MA
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Steven Minsky posted a blog post

Wells Fargo Auto Loan Scandal: The Saga Continues (Part 2)

The blows keep on coming for Wells Fargo. Within a year of their cross-selling scandal, two more scandals have risen to the top of news headlines.In part one of this series, I set out to make good on a prediction I…See More
20 hours ago
Steven Minsky posted a blog post

Wells Fargo Data Breach: The Saga Continues (Part 1)

In a recent interview I had with business journalist L.A. Winokur regarding the Wells Fargo cross-selling…See More
Aug 9
Steven Minsky posted a blog post

Kmart Cyber Breach: Another Failure in Risk Management

Kmart recently suffered another cyber breach (the second in the past few years) that echoes events affecting companies including Wendy’s and Target. In this case, a wholly preventable weakness in the company’s POS system let through a malware attack, affecting an undetermined number of Kmart’s 735…See More
Jul 26
Steven Minsky posted a blog post

Healthcare Breach and $400,000 Penalty Result From Poor Risk Assessments

Breaches are preventable failures in risk management. A healthcare breach at Metro Community Provider Network (MCPN), a federally approved organization, led to a $400,000 penalty and a mandated correction plan. The Office for Civil Rights…See More
Jul 11
Steven Minsky posted a blog post

Paris Climate Accord Debate: Tone from the Top or Not?

At lunch recently, I opened my fortune cookie and found this message inside: “Any journey must begin with a single step, and you can be the one to take it.” That simple message inspired me to write this blog.Events taking place after the Trump administration withdrew from the Paris climate agreement have demonstrated there is more than one way to get things…See More
Jun 7
Steven Minsky posted a blog post

Managing Regulatory Changes and Political Risk with Enterprise Risk Management (Part 2)

Here's Why Compliance Solutions Are Inadequate for Managing Regulatory ChangesRegulatory compliance is mandatory, but it’s not the end goal; it’s the minimum operating standard. For strong companies, compliance is a mere byproduct of performing well and managing uncertainty. Compliance solutions can also cause difficulties in the face of …See More
Jun 2
Steven Minsky posted a blog post

8 Ways to Protect Against Ransomware Attacks

Last week, news broke of a global ransomware attack that has struck individuals and companies around the world. In the wake of the attack, which has affected computers in 150 countries, many companies are wondering 1) if they’re going to be hit and 2) what they can do to protect themselves.The…See More
May 24
Steven Minsky posted a blog post

What Is Good Governance, and Why Do We Care?

Governance is defined by the organizational processes used to make and implement decisions. Good governance is not necessarily making only the “correct” decisions. It’s using the best possible risk management process to inform decision-making, which has the potential to impact employees, customers, other stakeholders, and…See More
Apr 25
Steven Minsky posted a blog post

Incident Prevention, Not Incident Recovery: How to Preserve Your Company’s Reputation

For companies who care about their reputation, risk management is a must.  Said best by Warren Buffet, "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” Building and preserving that reputation through proactive incident prevention must be a top priority. Post-scandal PR efforts, and other attempts to recoup losses, prevent only a fraction of the long-term damage. A company’s…See More
Apr 17
Steven Minsky posted a blog post

5 Takeaways from LogicManager’s IMPACT 2016 Conference

IMPACT 2016 has come and gone, and risk practitioners from across the United States and Europe were thrilled with the results. IMPACT 2016 was differentiated by the passion behind real customer stories, all shared with actionable takeaways. Topics included third-party risk management, performance integration, cybersecurity, and reporting to the board.LogicManager’s annual ERM community conference was a breeding ground for new ideas and best…See More
Nov 30, 2016
Steven Minsky posted a blog post

Cyber Risk Needs to be Prioritized: Points for Improvement

Cyber risks like data breaches and ransomware are too often shrugged aside. The possibility of a cyberattack is rarely ignored, but it also rarely…See More
Nov 21, 2016
Gonzalo Gonzalez Rojas liked Steven Minsky's blog post 'The Wells Fargo Scandal is a Failure in Risk Management'
Oct 13, 2016
Steven Minsky posted a blog post
Sep 23, 2016
Steven Minsky posted a blog post

Winona Health Wins 2016 GRC Value Award for Risk Management

When building a business case for risk management software, independent validations of customer success stories speak louder than marketing claims. Winona Health won the 2016 GRC Value Award, granted by industry analyst firm GRC 20/20.…See More
Sep 19, 2016
Steven Minsky posted a blog post

Developing a Risk-Based Company Culture Requires Board Involvement

Last year, we blogged about how to develop a successful ERM program. An important goal is fostering a risk-based company culture. This means everyone, not just the appointed risk managers, assimilates risk awareness and works it into their job description. That said, there are many factors that contribute to a healthy, risk-managing culture.One of those factors is board support. We often stress…See More
Sep 8, 2016
Steven Minsky and Laxmi Ramanath are now friends
Aug 1, 2016

Profile Information

Tell us more about who you are, what you do and where you want to be. What are your main business challenges? (Tip: provide your current Job Title, Industry, company or/and paste your Linkedin profile here). Use as many relevant keywords as possible. Tell us what you can offer the community. What sorts of discussions, events, and activities you can participate in.
Steven is the CEO of LogicManager, the leading provider of ERM solutions. Steven is also the author of the RIMS Risk Maturity Model and the RIMS State of ERM Report, a frequent contributor to blogs and press, and an instructor on many risk management topics.

Steven is a patent author of risk and process management technology and holds MBA and MA degrees from the University of Pennsylvania’s Wharton School of Business and The Joseph H. Lauder Institute of International Management.
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Steven Minsky's Blog

Wells Fargo Auto Loan Scandal: The Saga Continues (Part 2)

Posted on August 17, 2017 at 3:53pm 0 Comments

The blows keep on coming for Wells Fargo. Within a year of their cross-selling scandal, two more scandals have risen to the top of news headlines.

In part one of this series, I set out to make…

Continue

Wells Fargo Data Breach: The Saga Continues (Part 1)

Posted on August 9, 2017 at 3:30pm 0 Comments

In a recent interview I had with business journalist L.A. Winokur regarding the Wells Fargo…

Continue

Kmart Cyber Breach: Another Failure in Risk Management

Posted on July 26, 2017 at 7:16pm 0 Comments

Kmart recently suffered another cyber breach (the second in the past few years) that echoes events affecting companies including Wendy’s and Target. In this case, a…

Continue

Healthcare Breach and $400,000 Penalty Result From Poor Risk Assessments

Posted on July 11, 2017 at 5:35pm 0 Comments

Breaches are preventable failures in risk management. A healthcare breach at Metro Community Provider Network (MCPN), a federally approved organization, led to a $400,000 penalty…

Continue

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