November 2016 Blog Posts (12)

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…

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Added by Steven Minsky on November 30, 2016 at 5:01pm — No Comments

Your team needs another team

In my last blog I spoke of your organisation as a market place where you and your team compete for resources. Those resources include money, people and the most valuable resource, people’s time. What you need is another team competing on your behalf. A team of advocates located in the key business units you want to engage with to ensure the valuable resources you need, you get.

In Seth Godin’s book Tribe he describes how he did just that in 1984 at the age of 24 after he…

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Added by Bryan Whitefield on November 30, 2016 at 5:36am — No Comments

Watch out for the new version of the notorious Locky ransomware

Several hours ago, infosec expert Derek Knight found a brand new Locky virus variant spreading out email messages that simulate an Internet service provider (ISP) alert declaring that SPAM has been identified originating from the PC.

After the initial examination of this Locky build, other researches from the…

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Added by Madeline Dickson on November 21, 2016 at 6:47pm — No Comments

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…

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Added by Steven Minsky on November 21, 2016 at 6:00pm — No Comments

Computer Security for Travelers Is More Important Than Ever

The list of recent FBI’s Internet Crime Complaint Center announcements focuses on the point that today, more than ever, business and private travelers should carefully protect their sensitive and personally identifiable information everywhere travel.

The FBI warns of numerous cases in which travelers’ laptops are corrupted with hostile applications and tools when using airport and hotel Internet connections.

Even though…

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Added by Madeline Dickson on November 12, 2016 at 4:50pm — 1 Comment

Why Risk Culture Building should be the most important item on the Board Agenda

The Boards of Directors of banks continue to face increasing accountability for ensuring their banks are effectively managing risk. Yet, despite improvements in risk identification, reporting, and strategic risk management initiatives, regulators still question whether banks are truly engaging in the right ways on the top risks that could bring down an individual bank or have a broader systemic impact.

Banks and banking rely…

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Added by Risk Culture Builder on November 10, 2016 at 12:38pm — 1 Comment

Where did it all go wrong with Risk Management?

I think it all went wrong from the beginning; calling the risk practitioners "risk managers" creating the perception that they manage the risk, including the perception that the CRO is responsible for risk "management", Then the independent risk functions were mostly "born" out of the internal audit function and called the 2nd Line of Defense; creating the perception that it's another level of policemen and that there is something to "defend" against.

After all of that we created…

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Added by Risk Culture Builder on November 10, 2016 at 11:03am — No Comments

Your organisation is a market place.

I have had a few discussions lately about the importance of being crystal clear on why we do what we do. Our purpose. The reason this is so important is beautifully described by Simon Sinek in his book Start with Why: “…people don’t buy what you do, they buy why you do it”.

The same applies within your organisation. An organisation is in effect a market place. People are trading resources such as budget, people, assets and their time based on their perceptions of the value it…

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Added by Bryan Whitefield on November 10, 2016 at 2:14am — No Comments

The New Mind Control. “Subliminal Stimulation”, Controlling People without Their Knowledge

The New Mind Control. “Subliminal Stimulation”, Controlling People without Their Knowledge

The internet has spawned subtle forms of influence that can flip elections and manipulate everything we say, think and do

By…

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Added by Enrique Raul Suarez on November 9, 2016 at 8:41pm — No Comments

Quality MI is integral to good quality Non Financial Risk Management

Author: Richard Pike, Non Executive Director, Permanent TSB

“Without data you’re just another person with an opinion” W Edwards Deming, Data Scientist

 

“Reports should be easy to understand yet comprehensive enough to facilitate informed decision-making. Reports should include meaningful information tailored to the needs of the…

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Added by Olympia Nolan on November 8, 2016 at 12:31pm — No Comments

Call for examiners and tutors for the Macro-Economic course

SEEKING TRAINEE PROFESSORS, TUTORS, AND EXAMINATION PAPER MARKERS.

GlobalRisk Community is seeking professors and others at the top of their financial professions to assist with checking out this course and subsequently being paid for tutoring and marking examination papers.

  

This is based…

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Added by Edward C D Ingram on November 7, 2016 at 11:30am — No Comments

The Switch to the Chip Card – One Year Later

The October anniversary of the liability shift has passed, and anniversaries are an excellent time to look back on progress…this is no exception. The U.S. EMV migration plan was set four years ago as a way to fight card fraud and to protect both consumers and merchants.

Back in the day, we had one choice when we…

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Added by Robert Siciliano on November 2, 2016 at 3:23pm — No Comments

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