The 7th Edition Third Party Vendor Risk Management for Financial Institutions Conference will bring together leaders involved in vendor risk management, procurement, data security, and contract management to apply practical strategies to evolve your current third party oversight program. Learn best practices in managerial strategy from industry leaders to streamline third parties with your business goals, ensuring the development of holistic governance strategies. Furthermore, maximize your due
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In this article from McKinsey, Controlling machine-learning algorithms and their biases, they make the point that while machine-learning is good to avoid human bias in decision making, the algorithms themselves are not free of bias. Let me say it in another way:
“Garbage in – Garbage out!”
McKinsey make the point that the designers of an algorithm are human and that they will come with their own personal bias. For example, they will choose sources of data and/or choose not to use certain data. One
The hot water in which Uber has been simmering has just reached new thermal heights. Back in October 2016, hackers stole the personal data of 57 million customers and drivers containing their names, email addresses, phone numbers, and in the drivers’ cases, their driver’s license numbers. They finally disclosed the breach this month.
Now, in comparison to the scope and nature of other breaches such as Equifax and Yahoo, the Uber hack may appear to pale in comparison. However, this company represe
On May25, 2018 the General Data Protection Regulation (GDPR) becomes enforceable. While it was created in the European Union (EU) it applies to the personal information of all individuals within the EU as well as all personal data exported outside of the EU.
Which means if you use the web to sell to individuals in the EU, you are thereby responsible for their submitted personal information. Which means you are covered by the regulation, also if you process similar data you are likewise covered.
Wh
https://www.amazon.com/s/ref=dp_byline_sr_book_1?ie=UTF8&text=Michael+Thomsett&search-alias=books&field-author=Michael+Thomsett&sort=relevancerank
LogicManager recently hosted IMPACT 2017, our annual ERM conference where risk professionals gather to share their challenges, successes, and insights in the risk management industry. For two days, LogicManager users lead educational sessions on how they’ve made vast improvements to their various risk and governance programs, such as third-party risk management, compliance, audit, and more.
This year, we heard from a particularly diverse group of experienced professionals hailing from Boston to H
By Graham Vanbergen
Global Research, November 27, 2017
TruePublica
The Internet is the global system of interconnected computer networks that use the Internet protocol suite (TCP/IP) to link devices worldwide. It is a network of networks that consists of private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, wireless, and optical networking technologies. It is right now under a global attack.
The Internet has brought unprecedente
Best in Class performance and risk management is not a random event and (as in team sport), it can not be measured and predicted ratio by ratio or silo by silo.
It requires a holistic index of risk and performance that can be correlated across the whole market and linked to the market Best In Class. In regards to leading indicators and risk alerts, C-level strategy execution holistic indicators precede and are more insightful and actionable than quarterly-product deliveries or "beating quarterly
At the RMIA Conference in Canberra a couple of weeks ago there were several speakers discussing very high-risk environments such as journalism from the front lines of Iraq. One of the keynotes was by Jerry Grayson, a helicopter pilot in the Royal Navy. As well as talk about high-risk environments, he also made a comment at the end of someone else’s presentation that gave me a new insight that is key to understanding how easily poor cultures can be born in organisations. Roughly, he said this:
My
TRUSTO was created after 30 years’ experience in FinTech and a long and expansive research for over a 14-month period over the into the crypto-currency market space and related blockchain technology. We finalized a comprehensive study of more than 540 ICO’s and is concluded that less than 7%, only, are successful and we have firmly identified 26 conditions that determine success or failure. In order to be successful, and to overcome this any risk of market rejection, we recommend that each ICO
Recently one of my readers recommended to me Team of Teams by General Stanley McChrystal et al. It is an excellent book. For those time poor, these four equations neatly summarise McChrystal’s views about complexity:
1. Complexity + Efficiency ≠ Success
2. More Factors + More Interdependency = More Uncertainty
3. Problem + Process ≠ Resilience
4. Adaptability + Trust = Success
In short, the old ways of focusing on efficiency and the introduction of more and more robust mechanisms to manage uncert
SIMMETHOD: Blending crowd-sourced with strategy execution data to deliver leading indicators of risk and performance
“Alibaba Beats Amazon, Panos Mourdoukoutas, Forbes contributor: But the most important reason is Alibaba’s business model, which is more profitable than that of Amazon, as evidenced by Alibaba’s hefty operating margins and earnings”
“Alibaba moved an Earth-shaking $25.3 billion worth of product – up from $16 billion last year – all in one day. (By comparison, Amazon moved just $1 bi
marcus evans will host the Millennial & Gen Z Financial Services Forum, February 7-8, 2018 in Boston, MA. Don’t miss out on the opportunity to amplify organizational growth and revenue by forging a deeper understanding of the next generation consumer. This conference will address key topics such as extracting critical insight through research and social listening, breaking down organizational silos, meeting the demands of millennial and Gen Z consumers, and much more!
Attending This Conference Wi
marcus evans will host the 4th Annual Proactive Operational Risk Management Conference, February 5-7, 2018 in New York, NY. This conference will enable institutions to better evaluate their operational risk programs so as to understand its value and how to improve. Delegates will gain knowledge on how to better identify and manage significant and emerging risks such as conduct risk and fraud, how to clarify responsibilities across departments and 3LOD and they will examine the regulatory environ
Ex-CEO of CBA and founding Chair of the Australian Government Future Fund, David Murray, wrote a piece in Business Insider recently about the collapse of trust in Australian banks. He writes, “Some specific experiences have led me to believe that the solution is more about good systems, good controls, and consistent behaviour by top executives than more-complex governance and micro-management by boards.”
I have always said to executive leadership teams and boards: The fastest way to waste your in
Recently, Forrester Research published “GRC Vision 2017-2022: Customer Demands Escalate As Regulators Falter,” which explores challenges the GRC industry will inevitably face as it develops, and the proven solution that enterprise risk management provides. We’ve broken this report down to reflect our key takeaway: Approaches to governance, risk management, and compliance (GRC) must now consider the company’s consumer base, reputation, and ethical conduct.
Traditionally, approaches to GRC entail r
Virtually all cyber exposure programs today are directed at addressing the cyber exposures an organization faces from its own resources and activities and from outside sources. This is necessary but not sufficient.
Why? Because most organizations also face secondary cyber exposures that they are neither aware of nor prepared to address. For example, many organizations do not manage, or own their own properties but inhabit facility space managed by someone else. That someone, generally a building
If you ask an average CEO, "Where did you get your leadership skills training?"
Do you know what you discover?
Mostly, you discover there wasn't any training. They learned on the job – by making all the mistakes. It was training by error.
If you're interested in becoming a Strategic Leader, then you would like to watch the Module 6 of the "Cultivating Your Strategic Thinking" program here:
https://globalriskacademy.com/p/strategic-thinking/
Just navigate to the curriculum section and click o
Lightspeed is fast. Really fast. If you followed The Hitchhiker’s Guide to the Galaxy series from the late 1970s and early 80s you would know how fast “really fast” is. A bit faster than when you travel in hyperspace.
Because of my full appreciation of the speed of light I was immensely pleased to read an article by Pat Barrett AO, Distinguished Honorary Professor in the Australian National University and Former Auditor-General of Australia, where he uses Einstein’s equation, E=MC², where C is th
