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
Added by Steven Minsky on January 16, 2019 at 7:37pm — No 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
Added by Steven Minsky on January 4, 2019 at 7:29pm — No Comments
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
Added by Steven Minsky on December 28, 2018 at 5:00pm — No Comments
Added by Steven Minsky on December 19, 2018 at 5:00pm — No 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
Added by Steven Minsky on December 7, 2018 at 8:30pm — No Comments
The Gartner report states that “IRM goes beyond traditional, compliance-driven GRC technology solutions to provide actionable insights that are aligned…Continue
Added by Steven Minsky on November 16, 2018 at 5:09pm — No Comments
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
Added by Steven Minsky on November 14, 2018 at 10:12pm — No Comments
Added by Steven Minsky on November 13, 2018 at 8:42pm — No Comments
When we surveyed hundreds of risk professionals, …Continue
Added by Steven Minsky on November 9, 2018 at 8:30pm — No Comments
Added by Steven Minsky on October 18, 2018 at 4:30pm — No Comments
As we all know, the GDPR is a huge deal. In addition to the scope of this new regulation, there’s also the…Continue
Added by Steven Minsky on October 3, 2018 at 7:00pm — No Comments
Emergency situations like natural disasters, data breaches, fraud, and the like arise, by definition, without warning, leaving you little to no time to prepare. So how do you build a BCDR plan that is flexible to handle any situation and is always up to date without huge investments?
The hallmark of a…Continue
Added by Steven Minsky on September 20, 2018 at 4:00pm — No Comments
Ever since the existence of the bank’s massive cross-selling scandal came to light in 2016, Wells Fargo seemed to be trapped in a downward spiral of failure after failure in risk management. In 2016, we were the first to identify…Continue
Added by Steven Minsky on September 19, 2018 at 5:30pm — No Comments
Added by Steven Minsky on September 5, 2018 at 10:17pm — No Comments
In my last blog,…Continue
Added by Steven Minsky on August 20, 2018 at 7:00pm — No Comments
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…Continue
Added by Steven Minsky on August 16, 2018 at 4:51pm — No Comments
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…Continue
Added by Steven Minsky on July 25, 2018 at 7:32pm — No Comments
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…Continue
Added by Steven Minsky on July 19, 2018 at 8:20pm — No Comments
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.…Continue
Added by Steven Minsky on July 13, 2018 at 5:43pm — No Comments
Chief risk officers and heads of operational risk responded to a survey held by Risk.net and identified their top risk concerns. Their number one concern was IT disruption, while their second highest concern was data compromise. Why is cybersecurity risk on everyone’s mind?
For one thing, technology is an inescapable reality of every business. Even the smallest of mom and pop shops have an…Continue
Added by Steven Minsky on May 25, 2018 at 4:58pm — No Comments