Steven Minsky
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  • Boston, MA
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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
23 hours ago
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
Steven Minsky posted a blog post

Wendy’s Data Breach: What Does it Mean for You?

The words “data breach” are often met by a clamor whenever they make headlines. Home Depot, Target, Ashley Madison, Heartland, Citibank, the list goes on and on. These breaches spent time in the limelight because of their magnitude; they affected hundreds of thousands – in some cases millions – of cardholders.But the reality is data breaches are far more common than large…See More
Jul 28, 2016
Steven Minsky posted a blog post

Risk Management Challenges for the Insurance Industry

Risk is a double-edged sword for insurance companies. On one hand, customers buy coverage because their businesses face a variety of risks. On the other hand, risk management challenges for the insurance industry are numerous. These include risks like “underwriting, credit, market, operational, liquidity risks,…See More
Jun 21, 2016
Steven Minsky posted a blog post

The Freedom of Information Act Reduces Vendor Management Risk

Does your organization rely on vendors or other third parties? In the likely event that it does, are your vendor management processes as thorough as they could be? When performing risk assessments of both current and prospective vendors, it’s difficult to ascertain that every variable has been accounted for. This is…See More
Jun 17, 2016
Steven Minsky posted a blog post

Risk Management Negligence Leads to Catastrophic Accident

Plains All American Pipeline, a major player in the oil and gas industry, faces $2.8 million in fines, and a grand jury indicted the company on 46 criminal charges – four of them felonies – …See More
Jun 9, 2016
Steven Minsky posted a blog post

Technological Interconnectivity Increases Exposure to Cyber Risks

Back in August of 2015, we discussed a vulnerability in Android’s operating system that put both personal and professional data at risk. This is just one example of the fact that improved technologies, while vital to…See More
Jun 2, 2016
Steven Minsky posted a blog post

Increased Board Accountability is Real

By this point, the Volkswagen scandal is old news (we first blogged about it last October). Yet details about the case continue to emerge, most recently about board accountability. …See More
May 19, 2016

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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 currently the CEO of LogicManager, Inc. the leading provider of Enterprise Risk Management (ERM) Software. Steven is the developer of the Risk and Insurance Management Society (RIMS) Risk Maturity Model for ERM, author of the RIMS State of ERM 2008 Report and a RIMS Fellow (RF) instructor on ERM. Prior to LogicManager, 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

8 Ways to Protect Against Ransomware Attacks

Posted on May 24, 2017 at 4:30pm 0 Comments

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…

Continue

What Is Good Governance, and Why Do We Care?

Posted on April 25, 2017 at 9:09pm 0 Comments

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…

Continue

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

Posted on April 17, 2017 at 10:30pm 0 Comments

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…

Continue

Domestic Political Risk: Operating in the Uncertainty of a New Era (Part 1)

Posted on March 21, 2017 at 9:54pm 0 Comments

What is Domestic Political Risk?

Political risk refers to conditions and events that affect organizations and result from governmental decisions. It can have major effects on the profitability/expected value of economic action. Political risks…

Continue

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