July 2018 Blog Posts (14)

Be aware of all these Confidence Crimes

Criminals have a reliance on tricking victims to get access to account information, like passwords. This is known as social engineering, and is also called a “confidence crime.” These come in many forms:

Do Not Take the Bait of These Phishermen

  • A phishing email that targets a specific person is known as spear-phishing. A spear-phishing email looks like an email that might come from a legitimate company to a specific person. For example,…
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Added by Robert Siciliano on July 27, 2018 at 4:19pm — No Comments

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 insurance as it pertains to risk management. Too often,…

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Added by Steven Minsky on July 25, 2018 at 7:32pm — No Comments

Nominations open for 2018 Insurance Nexus Canadian Awards

The insurance industry is entering an age of disruption and digital transformation. Bespoke products and personalized outreach will soon be the new norm, and insurance carriers will see pivotal changes powered by AI solutions.

 

With new technologies enabling both operational efficiency and a superior customer experience, from artificial intelligence to drones and mobile customer communication methods, we are proud to announce that nominations have opened in 2018 Insurance…

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Added by Insurance Nexus on July 25, 2018 at 4:02pm — No Comments

Pulling on Heart Strings

Last week I wrote that to be as persuasive as you can be, you should stop pushing and start pulling. I took Robert Cialdini’s six principles of persuasion, reworded and rearranged them a tad and then put them in a hierarchical order of persuasiveness.           …

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Added by Bryan Whitefield on July 24, 2018 at 1:39am — No Comments

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 332 students. Shortly after this…

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Added by Steven Minsky on July 19, 2018 at 8:20pm — No Comments

Research Briefing: Key Decisions to Create an Attractive Ecosystem

Research BriefingKey Decisions to Create an Attractive Ecosystem

By:

Weill,…

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Added by Enrique Raul Suarez on July 18, 2018 at 11:01pm — No Comments

Stop Pushing and Start Pulling

I once ran a chemical plant for what was then ICI. I was a shift supervisor at Rhodes in Sydney, a zone now redeveloped as a major shopping and residential apartment area. The world changes, and so have I.

When you run a continuous process chemical plant, the money is in keeping it online 24/7 and running as close to maximum production as you can. In those…

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Added by Bryan Whitefield on July 17, 2018 at 5:45am — No Comments

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.…

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Added by Steven Minsky on July 13, 2018 at 5:43pm — No Comments

Vendor Risk Summer Reading: Our Most Popular Guides in 2018 (So Far)

A Message From Our Partner

 

Looking to catch up on the latest Third-Party Risk Management trends this summer? Here are our most popular downloads from the first half of 2018:

 

  1. Four Keys To Vendor Risk Management (http://bit.ly/2L5RKuL)

 

Tips for building a VRM program that works

 …

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Added by Boris Agranovich on July 10, 2018 at 6:30pm — No Comments

Calculated Trust

To influence you must build trust. Here are some ideas on how you can assess the level of trust perceived by those you wish to influence.

My thanks to Didier Verstichel from Belgium for his reply to a recent blog of mine, where he gave me the trust formula he uses (he doesn’t remember the original author):…

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Added by Bryan Whitefield on July 10, 2018 at 3:00am — No Comments

Digital Transformation in the Insurance Sector

Read this article to know more on How Behavioral Biometrics is Paving the Way to Less Fraud, Less Friction and More Functionality.

In This Research, You'll Learn

  • How to balance the need for security and enable a good user…
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Added by GlobalRiskCommunity on July 6, 2018 at 4:30pm — No Comments

How to build and leverage a robust data framework?

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Added by GlobalRiskCommunity on July 6, 2018 at 10:30am — No Comments

Freezing in Sub Zero Trust

Recently I ran my Risk Leadership training for a client and I had a room of participants that arrived with an extremely poor perception of risk. My role was to convince them of the value of risk and to have them leave the room with definitive actions agreed as to how they will derive that value.

The atmosphere in the room was extreme distrust. They were certain I was…

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Added by Bryan Whitefield on July 3, 2018 at 3:45am — No Comments

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