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

How to Prepare for Recession Risk with ERM

Today the economy is strong and your business is doing well. But are you prepared for when this strength turns to weakness? Enterprise risk management has been proven to help companies survive a recession.While there is much debate over whether a recession is looming or not, the fact is, you need to be prepared. Whether in 2019, 2020, or 2021, it’s not a question of “if,”…See More
Jan 16
Steven Minsky posted a blog post

How the See-Through Economy Will Change Your Business by 2023

There’s an undeniable shift occurring in the business world right now. In fact, it’s been forming since 2007. I’ve coined the phrase the See-Through Economy to encapsulate the shift towards transparency and accountability brought on by new technology and social media.Since the invention of the smartphone in 2007, consumers have started to exercise their sharing power.…See More
Jan 4
Steven Minsky posted a blog post

Top ERM Blog Posts of 2018

Scandals, predictions, and insights, oh my! We’ve covered a lot of ground this year in the risk management world. But what were the topics people were buzzing about most?With over 50 blogs posted in 2018 alone, there was a lot to learn and even more you could have missed as the seasons whizzed by. So, we compiled the top ten blog posts of 2018 to help you refresh and catch…See More
Dec 28, 2018
Steven Minsky posted a blog post

Will Marriott be the First Major Brand to Get Fined for GDPR?

Last Friday, Marriott disclosed that the data of about 500 million guests had been exposed as a result of a hack that dates all the way back to 2014.In 2014, hackers exploited the reservation system of Starwood Hotels and Resorts, which was acquired by Marriott in 2016. The …See More
Dec 19, 2018
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
Dec 7, 2018
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, 2018
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, 2018
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, 2018
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, 2018
Jefferson Guimarães liked Steven Minsky's blog post 'What Is Good Governance, and Why Do We Care?'
Oct 19, 2018
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, 2018
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, 2018
Steven Minsky posted blog posts
Sep 20, 2018
Shawn o'Rourke liked Steven Minsky's blog post 'Meaningful Metrics: Measuring Enterprise Risk Management Performance'
Sep 10, 2018
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, 2018
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, 2018

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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

How to Prepare for Recession Risk with ERM

Posted on January 16, 2019 at 7:37pm 0 Comments

Today the economy is strong and your business is doing well. But are you prepared for when this strength turns to weakness? Enterprise risk management has been proven to help companies survive a recession.…

Continue

How the See-Through Economy Will Change Your Business by 2023

Posted on January 4, 2019 at 7:29pm 0 Comments

There’s an undeniable shift occurring in the business world right now. In fact, it’s been forming since 2007. I’ve coined the phrase the See-Through Economy to encapsulate the shift towards transparency and accountability brought on by new technology and social media.

Since the invention of the smartphone in 2007, consumers have started to…

Continue

Top ERM Blog Posts of 2018

Posted on December 28, 2018 at 5:00pm 0 Comments

Scandals, predictions, and insights, oh my! We’ve covered a lot of ground this year in the risk management world. But what were the topics people were buzzing about most?

With over 50 blogs posted in 2018 alone, there was a lot to learn and even more you could have missed as the seasons…

Continue

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