A great stat in this blog by Brent Hodgson – He can count five or maybe ten true “disrupter” start-ups over recent years out of 32,439 start-ups in AngelList’s directory. And we all know the overall success rates of start-ups. It just shows how fixated we are on shiny things. It’s why CEOs are way more likely to buy strategy or marketing advice than risk and compliance.

It’s also why, if you want to be able to influence the CEO, it is best to bring your message about a non-sexy topic in a sexed-u

The Ponemon Institute released a shocking statistic: about 80% of all corporate data leaks is due to human error. In other words, it only takes a single staff member to cause a huge issue. Here’s a scenario: Let’s say that you have an employee, Betty. Betty is lovely. We love Betty. But when Betty is checking her personal email during her lunch break and sees she has an offer that promises a 10-pound weight loss in only a week, she clicks the link. She wants to learn more about it, so she clicks

How to Measure the Business Value and Success of Your Digital Transformation? Towards new crowd-sourced, holistic and industry-agnostic metrics of strategy execution to improve your 2018 predictions and the success of your digital transformation

The following is a selection of companies that recently consulted SIMMETHOD’s Strategy Execution C-suite and Boardroom Risk Alerts:

Massachusetts Institute of Technology, University of Western Ontario, Deutsche Telekom, Twitter, Apple, Emirates Telecommuni

Not all viruses that find their way onto your computer dramatically crash your machine. Instead, there are viruses that can run in the background without you even realizing it. As they creep around, they make messes, steal, and much worse.

Malware today spies on your every move. It sees the websites you visit, and the usernames and passwords you type in. If you login to online banking, a criminal can watch what you do and after you log off and go to bed, he can log right back and start transferri

marcus evans will host the 13^th Annual Liquidity Risk Management Conference on May 2-3, 2018 in New York, NY. In its 13th year, this exclusive meeting will address key changes and new considerations for revolutionizing liquidity risk by building better models and understanding market impacts. By attending this event, delegates will explore the benefits of integrating oversight controls and frameworks for multiple regulations, reacting to market stress events, contingency planning, and much more!

Last week I wrote about Reframing Risk to find opportunities where no one else is looking. A recent blog by a legend thinker Seth Godin (author of 18 books) put a different spin on this for me.

In his blog Surfing vs Coal Mining he reminds us that unexpected occurrences in surfing are a good thing. Whereas the unexpected in coal mining may mean tragedy. For me Godin’s message is about accepting that you need to take risks. To look optimistically at uncertainty. 

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To contract a vendor is to initiate a relationship: when you don’t know who you’re really dealing with, you expose your enterprise to risks that can have enduring consequences.

Join ProcessUnity’s 45-minute webcast on Thursday, February 15, 2018 at 11:00 AM EST and see how forward-thinking organizations are modernizing their vendor onboarding process.

Our team of experts will discuss how to:

• Eliminate time-intensive admin steps to create vendor information
• Streamline onboarding processes by engaging

An interesting post for anyone talking internally with their team on building a homegrown solution versus purchasing a solution to streamline Third-Party Risk Management. Of course, it's written from the perspective of a software vendor (that's what we do) but the benefits of having a voice in the discussion of what goes into the next generation of a product as a customer in a community of like-minded individuals or knowing that multiple times a year new features will be added can influence this

Inspire, Enable, Engage, Empower Your Workforce as Never Before and take your Leadership Team toward Becoming Strategic Leadership

Dr. Ted Marra

Professor Dr. Emeritus, Strategic Leadership, Cotrugli Business School

Sr. Partner, Insights Paradigms

The author of the popular online course: Becoming the Strategic Leader in 6 weeks by Cultivating Your Strategic Thinking

Background

For some years now I have watched organisations around the world talking about how their employees are their greatest asset, y

What is a credit freeze? It’s an action you take to lock down your credit report. A lender can’t see your score, which means your Social Security number and credit rating is useless to them. In other words, they can’t tell if you are risky or not.

When an identity thief can access your ID aka Social Security number, they can also create credit in your name. However, if your credit file is frozen, the bad guys can’t access it any longer. With a credit freeze, your credit file is inaccessible.

To ge

Security experts are observing a rising level of malware strains, which are trying out the Spectre and Meltdown vulnerabilities.

As reported by the researchers from Fortinet, AV-TEST, and Minerva, a number of crooks test the publicly available proof-of-concept (PoC) computer code for the Spectre (CVE-2017-5715, CVE-2017-5753) and Meltdown (CVE-2017-5754) vulnerabilities.

AV-TEST experts have identified 119 virus samples, which are linked to the above-mentioned chip vulnerabilities.

Virus samples d

By Daniel Nunes-Vaz, Senior Research Executive, Center for Financial Professionals. 

In recent years operational risk has grown as a discipline and is now viewed as an integral aspect of any risk management department. This is predominantly a consequence of the most recent major financial crisis where the management of operational risk was partly blamed as a significant contributory factor in the collapse of global markets. Since then, the risk management and operational risk landscape has chang

Did you know that according to research every year 2 million individuals enter leadership positions and 60% fail?

According to Dr. Ted Marra, most often the root cause is a failure to think strategically.

Research says most executive development is disconnected from the real needs of the organization and those who must lead it. 

Learn what it takes to transform yourself to become a Strategic Leader.

1. What are the certain actions performed by Level 5 leaders which separate them from the rest o

Certified ethical hacker training is commonly denoted as the course that teaches you to break through your own or your company’s computer/s in a legitimate and official manner to find out the existent vulnerabilities and to assess the safety bearing of the target system. Certified ethical hackers use the same tools and knowledge that malicious attackers exploit and execute the indicated defensive, counteractive and protective actions to protect the system from any breach in future.

The ethical ha

Last week I read an article by The Boston Consulting Group called Business of Business is No Longer Just Business. In it they describe the heightened levels of uncertainty facing business leaders using examples of political, economic and technology upheavals. They went on to describe five things leaders should embrace to manage complexity:

1. Build multilevel scenario analysis skills
   
2. Become more resilient
3. Shape the system
4. Recreate the narrative
5. Reframe leadership
   

In my mind they are asking leaders in org

Northwestern Mutual’s Digital Transformation: Redesigning IT

Source:

MIT-CISR

Author(s): Sebastian, Ina, Beath, Cynthia M., Ross, Jeanne W.

Type: Working Paper

Topics: Design/Management of the IT Unit, IT-based Business Transformation

Date: 2017-10-26

Abstract: While in 2017 Northwestern Mutual had been in business for 160 years, management believed that success in the digital economy would require delivering digital products and services to extend the value that customers were receiving from the compa

Digitized ≠ Digital

By:

Ross, Jeanne W.
Beath, Cynthia M.
Sebastian, Ina

MIT CIRS

Recently I was listening to an interview with retired Australian cricket captain Michael Clarke. He was asked how he felt when he scored his first century (100 runs) for Australia. He described incredibly strong emotions. The interviewer then commented how funny it was that a score of 98 had no comparison. Clarke agreed wholeheartedly.

It reminded me of a section in my book DECIDE How to Manage the Risk in Your Decision Making, titled Beware of Milestones. In it I tell stories about three elite s

As you likely know, GDPR (the EU’s new General Data Protection Regulation) takes effect in May 2018. Are you ready? If your organization stores or processes EU citizen or resident personal information – any information that can be used to directly or indirectly identify someone – you need to know about GDPR.

But did you also know you that you are responsible for the personal data managed by your third-party vendors? Enterprises are responsible for the EU personal data managed by their own third p

IT has become an integral part of many organizations, both small and large. While some companies have an in-house IT and software team, others prefer to outsource. In some instances, even the former at some point may need to outsource the services of an IT solution company. There are numerous IT companies in the market. As a result, it can be confusing to choose a suitable one. Below are some important things to consider when choosing an IT solution company.

1. Company’s previous work

Consider whethe