Steven Minsky's Blog – December 2015 Archive (6)

5 Steps for Creating an Effective Business Continuity Plan

At LogicManager, we are firm believers that embracing risk management can result in two boons: ease of mind and success. On a related note, we recently came across an article by Carl Richards in The New York Times titled “For True Freedom, Learn to Deal with Uncertainty.

“Right now, I’m working really hard on…

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Added by Steven Minsky on December 28, 2015 at 6:00pm — No Comments

Cybersecurity a “Must” for Credit Unions

Credit union online news agency CUInsight.com recently published an article declaring cybersecurity a “must” for credit unions. In support of its position, author Stuart Levine cites more than 400 incidents – recorded by the Identity Theft Resource center in 2015 – putting at least 80 million records at risk and tallying costs in excess of $100 million for the targeted…

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Added by Steven Minsky on December 21, 2015 at 4:32pm — No Comments

Risk Identification and Monitoring Ensure Hospitals, Labs, and Retailers Remain in Compliance with EPA Standards

In light of recent events, the Environmental Protection Agency is using new monitoring techniques to evaluate the quality of companies’ classifications and reporting of hazardous materials. Ironically, as we all learned recently, even the EPA itself isn’t immune to catastrophic, if preventable, mistakes. New compliance regulations…

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Added by Steven Minsky on December 16, 2015 at 4:00pm — No Comments

Enterprise Risk Management Software Reduces Costs

Despite the growing necessity of robust risk management software for companies of all sizes, it’s easy to think of risk solutions as akin to insurance, like guardrails that prevent a vehicle from careening off a narrow…

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Added by Steven Minsky on December 14, 2015 at 4:00pm — No Comments

Increased Credit Card Security Means Increased Compliance Risks and Liabilities for Businesses

Here at LogicManager, we’ve spent a lot of time considering issues related to cybersecurity. To find a new way in which a cybercriminal has exploited electronic vulnerabilities, all you need to do is skim today’s newspaper, which will almost inevitably report a data breach or fraud-related scandal. An evolving set of threats means incident likelihood is increasing, and generally, cybersecurity risks have serious impacts – meaning such risks have very high inherent indices, or…

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Added by Steven Minsky on December 9, 2015 at 10:30pm — No Comments

Cyber-Threat Management Requires a Risk-Based Approach

The concept of cyberattacks, while still disturbing, is no longer as new and unfamiliar as it was five years ago. However, we are still seeing money invested in inefficient and ineffective risk mitigation responses. All the major corporations that have suffered breaches had sophisticated control solutions in place. Even so, their risk exposure was significant in known but uncovered areas, all thanks to poor risk management.

Companies are buying and implementing point solutions despite…

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Added by Steven Minsky on December 2, 2015 at 9:00pm — No Comments

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