Steven Minsky's Blog – October 2015 Archive (5)

Risk-Based Cybersecurity Prevents Cyber Attacks and Data Breaches

There are many prominent cybersecurity companies, including FireEye and Symantec. These companies “focus on blocking or detecting intrusions as they occur or responding to attacks after the fact,” …

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Added by Steven Minsky on October 20, 2015 at 9:30pm — No Comments

4 Ways to Prevent Business Surprises with Risk Identification

Nobody likes surprises in business. Using a risk-based approach to identify your organization’s likely vulnerabilities is highly recommended and vital to short-term and long-term success. Expanding regulations make compliance increasingly complex and expensive, and increases in deficient internal audit controls have heightened scrutiny of companies by the SEC,…

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Added by Steven Minsky on October 16, 2015 at 5:00pm — No Comments

Increased Controls without Risk Assessments Negatively Impacts Revenue

While data breaches have dominated the news cycle, The Wall Street Journal’s “Risk and Compliance Journal,” reports that fraud is actually much more common, even if it generates fewer headlines.

In the fiscal year…

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Added by Steven Minsky on October 14, 2015 at 8:26pm — No Comments

Volkswagen Side-Steps Enterprise Risk Management

Volkswagen has been side-stepping environmental compliance standards by “programming some diesel-fueled cars to turn on emission controls only when being tested.” In the days since this discovery, Volkswagen has been hit with over 30 federal lawsuits and 40%+ decline in stock value, all stemming from the same source—poor Enterprise Risk Management.

In this case, poor risk management regarding their…

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Added by Steven Minsky on October 5, 2015 at 6:21pm — No Comments

Increased Accountability for Risk Management results in 28-Year Prison Sentence

CNN’s latest news headlines reads, “28 years for salmonella: Peanut exec gets groundbreaking sentence.” This story relates to the Peanut Butter Corporation of America’s (PBC’s) bankruptcy, and the largest food recall in the United States due to salmonella. Known as one of the deadliest salmonella outbreaks, the PCA’s case is linked to nine deaths on top…

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Added by Steven Minsky on October 2, 2015 at 5:00pm — No Comments

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