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

IMPACT 2018: Becoming a Risk Management Hero

On Nov. 29, the LogicManager community arrived at Hotel Commonwealth in the historic Fenway district of Boston for sold-out IMPACT 2018. Every year, LogicManager hosts a customer conference where users of the ERM software can learn, share, and grow their risk management program to full maturity.    Upon walking into the conference space, you could feel the partnership LogicManager strives to create between customer and employee. As a SaaS provider, most of our work is virtual. But at IMPACT, it…See More
Friday
Steven Minsky posted a blog post

Taking a Risk-Based Approach to IRM Yields Actionable Insights Aligned With Business Objectives

Gartner’s 2018 Magic Quadrant for Integrated Risk Management positions LogicManager highest for ability to execute and identifies a shift in focus by end-user organizations from compliance-based GRC to IRM solutions.The Gartner report states that “IRM goes beyond traditional, compliance-driven GRC technology solutions to provide actionable insights that are aligned with business strategies, not just regulatory mandates.”The reason for this shift, according to Gartner, is that “risk management —…See More
Nov 16
Steven Minsky posted a blog post

Facebook’s Failure to Mitigate Cyber Risks Could Cost Billions

In late September, Facebook announced that it had discovered a breach in its network that had exposed the personal data of nearly 50 million users to hackers.The hackers exploited a feature in Facebook’s code to gain access to user accounts, potentially enabling them to take control of them. The breach was the largest in Facebook’s fourteen years of existence.The fallout…See More
Nov 14
Steven Minsky posted a blog post

Takeaways from Speaking at the SCCE on Risk-based Compliance

The Society of Corporate Compliance and Ethics (SCCE) held their annual Ethics and Compliance conference from September 20 to 24 in Las Vegas. This year, I was fortunate enough to be selected to hold a three-hour workshop on risk-based compliance: “Meeting Increased Customer Expectations, Not Just Regulatory Requirements.” …See More
Nov 13
Steven Minsky posted a blog post

How to Audit Cyber Risk

The volume and complexity of the data companies collect is increasing exponentially, which creates major challenges for audit professionals.When we surveyed hundreds of risk professionals, a staggering 72% considered their company to be most vulnerable in cybersecurity. So, it’s no surprise that auditors are frustrated evaluating the…See More
Nov 9
Jefferson Guimarães liked Steven Minsky's blog post 'What Is Good Governance, and Why Do We Care?'
Oct 19
Steven Minsky posted a blog post

Uber is Caught in a Risk Management Bind. How Can They Get Out?

Uber has agreed to pay a hefty $148 million settlement after concealing a data breach in 2016 containing 57 million users’ data. In hopes of preventing this from recurring, it’s time for Uber to reassess their risk management practices, and in turn regain the public’s trust as well. Although this regulatory problem has resulted…See More
Oct 18
Steven Minsky posted a blog post

What’s the Best Way to Stay Compliant with GDPR?

We’d like to congratulate the 25% of US-based companies that achieved GDPR compliance by the May 25th deadline, and to share a little guidance on how to stay compliant over time.As we all know, the GDPR is a huge deal. In addition to the scope of this new regulation, there’s also the consequences of non-compliance, i.e.…See More
Oct 3
Steven Minsky posted blog posts
Sep 20
Shawn o'Rourke liked Steven Minsky's blog post 'Meaningful Metrics: Measuring Enterprise Risk Management Performance'
Sep 10
Steven Minsky posted a blog post

Meaningful Metrics: Measuring Enterprise Risk Management Performance

To run an effective ERM program, you need the right metrics.Risk professionals today are facing an unprecedented level of scrutiny. Risk managers are not only responsible for protecting and securing their organizations, they also have to provide evidence that their risk management programs are actually effective at managing risk.At the very minimum, risk managers must prove they are meeting the expectations of not only regulators, examiners, and their board of directors, but also their…See More
Sep 5
Steven Minsky posted a blog post

Chipotle’s Outbreak is Their Worst Risk Management Failure Yet: What Can They Do?

Since 2015, Chipotle has suffered multiple scandals of food-borne illness. The latest Chipotle outbreak has left more than 700 people ill. What does the Mexican grill have yet to learn?In my last blog,…See More
Aug 20
Steven Minsky posted a blog post

GDPR Readiness: How Do You Stack Up?

The GDPR is the strictest set of data protection rules any nation has published, featuring some of the most severe penalties connected to data privacy seen yet. Now that the compliance deadline has passed, we started to wonder about GDPR readiness. How are companies stacking up to the new regulation?We compiled a host of…See More
Aug 16
Steven Minsky posted a blog post

Do Insurance Companies Really Need Risk Management?

Risk management in the insurance business is a bit of a head scratcher. On the one hand, insurance companies are selling what many people consider to be a risk mitigation. On the other hand, insurance companies themselves face a variety of risks they need to mitigate.Let’s briefly consider a misconception about…See More
Jul 25
Steven Minsky posted a blog post

MSU Creates New Office of Enterprise Risk Management in Response to Nassar Scandal

Michigan State University has employed a new Chief Compliance Officer in response to the Larry Nassar scandal. By creating an Office of Enterprise Risk Management within the university, MSU is getting on the right track.Earlier this year, former MSU doctor and USA gymnastics coach Larry Nassar was charged with sexually assaulting…See More
Jul 19
Steven Minsky posted a blog post

Harley-Davidson Moves Manufacturing In Response to Trade War: Was it the Right Call?

Back in March, President Trump’s administration threatened to impose steep tariffs on imported goods from some of America’s biggest trading partners. In the following months, the administration set a 25% import tax on steel and 10% on aluminum.…See More
Jul 13

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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 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

IMPACT 2018: Becoming a Risk Management Hero

Posted on December 7, 2018 at 8:30pm 0 Comments

On Nov. 29, the LogicManager community arrived at Hotel Commonwealth in the historic Fenway district of Boston for sold-out IMPACT 2018. Every year, LogicManager hosts a customer conference where users of the ERM software can learn, share, and grow their risk management program to full maturity.…

Continue

Taking a Risk-Based Approach to IRM Yields Actionable Insights Aligned With Business Objectives

Posted on November 16, 2018 at 5:09pm 0 Comments

Gartner’s 2018 Magic Quadrant for Integrated Risk Management positions LogicManager highest for ability to execute and identifies a shift in focus by end-user organizations from compliance-based GRC to IRM solutions.

The Gartner report states that “IRM goes beyond traditional, compliance-driven GRC technology solutions to provide actionable insights that are aligned…

Continue

Facebook’s Failure to Mitigate Cyber Risks Could Cost Billions

Posted on November 14, 2018 at 10:12pm 0 Comments

In late September, Facebook announced that it had discovered a breach in its network that had exposed the personal data of nearly 50 million users to hackers.

The hackers exploited a feature in Facebook’s code to gain access to user accounts, potentially enabling them to take control of them. The…

Continue

Takeaways from Speaking at the SCCE on Risk-based Compliance

Posted on November 13, 2018 at 8:42pm 0 Comments

The Society of Corporate Compliance and Ethics (SCCE) held their annual Ethics and Compliance conference from September 20 to 24 in Las Vegas. This year, I was fortunate enough to be selected to hold a three-hour workshop on risk-based compliance: “Meeting Increased Customer Expectations, Not Just Regulatory Requirements.”

 …

Continue

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