Risk

knight

What Every Board Member Should Know About Cybersecurity

Cybersecurity is as pressing a problem as ever, so the discussions around how to maintain privacy and protect the business should not only be ongoing, but also be happening at the Board level, involving senior management and other power players in the organization. As scams and hackers' schemes evolve, so to should your company's understanding of the risks ...

hacker

Do You Have a Cybersecurity Problem?

If you believe cybersecurity risks are entirely the purview of the IT department, you're not alone. But you're also mistaken. Compliance has to partner with IT in conducting risk assessments, addressing threats and implementing solutions to keep the organization both on the technological forefront and protected as much as possible from data breaches.

airport

Understanding and Reducing Business Travel Risks for Employees

Companies doing business internationally face a great deal of risks and challenges. This article explores the necessity of accounting for employees' health and safety while they travel abroad. Having international insurance coverage may not be enough. Here, Mike Kelly addresses ways to reduce travel risk and ensure your staff are protected both stateside and overseas.

tower of babel

Risk Management’s Tower of Babel

Put a dozen leaders in a room, set them to the task of defining risk management and you'll quickly find that when it comes to risk, most of us are speaking different languages. If Risk Managers are to be effective -- in everyone's eyes -- we'd all better find some common ground in terms of what constitutes a ...

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Supplier Risk Management – Interconnected Processes

The processes driving large-scale change are necessarily interconnected. The same can be said for the processes involved in risk management within the supplier chain. Tom Fox outlines six overarching steps for effectively identifying and mitigating supplier risks -- one leading feeding directly into the next -- in order to maintain anti-corruption and anti-bribery compliance among third ...

map of cairo

Managing Country Risk

There are a myriad of risks to take into account when doing business abroad. Multinationals necessarily face a broader range of risks than smaller organizations do, therefore their risk management practices must be more robust. They must continually assess political landscapes, trends in similar countries and exposure to confiscation, among other concerns.

Chicken Parmesan

Risk Appetite and Chicken Parmesan

Developing a risk appetite statement may not be your favorite task, but try to think of it as pulling together your favorite recipe. You'll serve as the primary ingredient, with the remaining components -- binding agents, critical "seasonings" and the like -- represented by other key stakeholders and contributors. The very notion takes on a different flavor ...

watch your step

The Hardest Risk to Avoid

You can't plan for the risks that haven't even crossed your mind. What's often not explored after the fact, though, is why we didn't see issues coming -- shouldn't we have been on the lookout? Isn't that the duty of those of us in risk management? James Bone outlines a more encompassing approach to risk management, one ...

data transfer

The Future of Data Analytics: From Cleaning Up the Trash to Managing Risk

Data analytics can be key in predicting fraud, preventing it and minimizing risk. Assuming, of course, that the data being captured is accurate. Herein lies the importance of controls. Without controls in place, you may be working with junk data -- which would ultimately lead to junk decisions. With global mobile data skyrocketing, it's imperative ...

risk

Reducing the Risk of Rogue Trading

Rogue traders may be uncommon, but the risks they pose are serious. Jim DeLoach writes on the importance of tone at the top (as well as tone in the middle), prescribes potential solutions, and proposes several questions for Boards and senior executives to consider when seeking to reduce the risks of rogue trading.