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
Added by Steven Minsky on April 25, 2017 at 9:09pm — No Comments
You have surely heard of Instagram, the photo sharing social network, but what about “Finstagram?” If you are like most parents, you have rules about the social media practices of your kids. However, once you learn about Finstagram, those might all go out the window.
When you combine the words “fake” and “Instagram,” you get Finstagram. Essentially, these are fake, or alternative, Instagram accounts that are created by teens, for the most part. These accounts can be…Continue
Added by Robert Siciliano on April 25, 2017 at 2:19pm — No Comments
We have to move on from this 3-lines-thinking, it is outdated, every employee is a risk manager and must manage the risks associated with his or her job on a daily basis, in an effective Risk Culture there is no need to "defend" it is just optimised risk management and taking more risk to get more reward and build sustainable competitive advantage. Those who are not good or do nothing to build an effective Risk Culture, will just be exploited by those who are better.
Added by Risk Culture Builder on April 25, 2017 at 12:13pm — No Comments
The open source paradigm has made dramatic strides (much of the current "cloud" is based on an open source stack) in business and it is inevitable that it will impact and shape both fintech and regtech. On the risk analytics side (lets not call it machine learning) we have initiated a compilation of available frameworks at the Open Risk Manual and welcome any further…Continue
Added by Open Risk on April 24, 2017 at 9:35pm — No Comments
Added by Risk Culture Builder on April 24, 2017 at 2:21pm — No Comments
Money, Marketing, and…Continue
Added by Enrique Suarez on April 22, 2017 at 3:24pm — No Comments
Why do I say it’s good to be common? You aren’t common and you know it. Everyone of us is special.Continue
Added by Bryan Whitefield on April 21, 2017 at 3:30am — No Comments
Added by Chad K on April 20, 2017 at 10:30pm — No Comments
To those of us consider Tom Cruise the movie star of our day or even Grunge as the music we grew up with, looking at millennials, and the way they view life, is fascinating. These “kids” or young adults, many are brilliant. They really do define “disruption”.
However, that doesn’t mean that this tech savvy generation is always right. In fact, a new study shows just the opposite when it comes to internet safety. Though, they can also teach us a few things and are…Continue
Added by Robert Siciliano on April 18, 2017 at 3:30pm — No 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.
Added by Steven Minsky on April 17, 2017 at 10:30pm — No Comments
Expert Chuck Brooks Offers A Cybersecurity “Cheat Sheet” For The C-SuiteContinue
Added by Chuck Brooks on April 13, 2017 at 1:00pm — No Comments
No one doubts your expertise. Staff know when they need to come to you. They know they won’t get their budget approved without engaging with finance, recruit without HR, get the final approval without compliance and on the list goes. The problem is their perception of what you do. Here is a list I would love to add to if you have a good one and time to reply:…Continue
Added by Bryan Whitefield on April 7, 2017 at 6:26am — No Comments
The internet is a beautiful place. It is the way we communicate, the way we create, and the biggest business platform that has ever been generated. However, it is also a hazard, as anyone can put anything on it, and it’s extremely difficult to tell fact from fiction…especially if you are a kid.
A Stanford study looked at the ability, or inability in this case, of almost 8,000 students to tell fake news stories from real ones. The results, to be blunt, are terrible.…Continue
Added by Boris Agranovich on April 2, 2017 at 9:30am — No Comments
In June, 2015, it was revealed by an anonymous source that the Office of Personnel Management was hacked. This office, which administers civil service, is believed to have been the target of the Chinese government. This is one of the largest hacks in history involving a federal organization.
Slowly, the motivation behind the hacking is being understood. At first, it seemed obvious, the stolen data being personally identifiable information, which is what was taken can…Continue
Added by Robert Siciliano on March 27, 2017 at 5:15pm — No Comments
So many lists of the Top 10 risks for 2017 floating around and we are already in March! Everyone seems to do the same study and get different results! No wonder we are not getting anywhere with Risk Management. Maybe we should now make a "master" list of the top risks from each study and then do another survey to see if that is a good list. Every organisation must have their own list of top risks... and DO something about it, lists means nothing, ACTION is everything. Those who are…Continue
If you employ remote workers, your IT staff has a unique challenge keeping your organization safe. Fortunately, using a combination of best practices for cybersecurity, user awareness campaigns, and a strong policy will help to keep data safe.
New advances in mobile technology and networking have given remote workforces a boost, and while policies for most remote workers generally depend on manager or company preferences, most businesses must accommodate a mobile…Continue
Added by Robert Siciliano on March 22, 2017 at 3:18pm — No 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
Added by Steven Minsky on March 21, 2017 at 9:54pm — No Comments