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10 Ways to Enhance Leadership Engagement

Posted by - January 11, 2018
How do executive management and the board remain engaged with risk management over time? Most observers would agree that senior management’s supervision of risk management and the board’s risk oversight entail much more than reviewing a risk assessment once a year.
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Bringing NYDFS Compliance into Focus

Posted by - November 1, 2017
The New York Dept. of Financial Services (DFS) Cybersecurity Requirements force companies to look into ways to prepare and tactics to navigate new regulations. This risk-driven regulation which requires financial services institutions, regulated by (DFS) to establish and maintain a cybersecurity program that will protect both customers’ private data and…
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Audit’s Increasingly Critical Role in GRC

Posted by - October 13, 2017
The Need for Aligned Assurance Today’s changing risk landscape has put increased pressure on assurance functions to simplify their requirements and to provide the board, senior management and other key stakeholders with a complete risk and assurance picture. To do so requires coordinating on the risk universe, risk terminology and…
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Don’t Ignore This Vital Component of Mature Risk Management

Posted by - October 10, 2017
Better Workplace Safety with a Streamlined Approach to GRC Health and safety risks can be debilitating to an organization, yet they frequently take a back seat in business strategies and budgets. Resource-constrained risk managers are tasked with managing not only multiple OSHA requirements across various operational units, but also with…
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How to Remain Compliant (and Calm) During a Data Breach

Posted by - September 20, 2017
Responding to a Cyberattack Hardly a day passes without a data breach revelation in the news, and perhaps no industry is more vulnerable for future attacks than health care. In 2015, the health care industry experienced more breaches stemming from cyberattacks than any other industry, a recent report by the…
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Managing Risk During a Global Crisis

Posted by - September 18, 2017
Is Your Company Prepared for a Pandemic? Recent natural disasters such as Hurricanes Harvey and Irma have undoubtedly sparked a renewed interest in continuity planning among many business leaders. When compared with even large-scale weather events, however, a global crisis – particularly a pandemic – is exceedingly difficult to plan…
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Snake Bait and Unintended Consequences

Posted by - August 8, 2017
A Lesson on Faulty Risk-Taking It’s impossible to plan for – or even imagine – every eventuality when assessing risk, but a pragmatic approach is never ill-advised. The folks at the Discovery Channel learned a hard lesson when a television stunt backfired, not delivering the much-hyped outcome viewers expected. Here…
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10 Keys for Executives to Manage Reputation Risk

Posted by - August 3, 2017
When a good reputation is difficult to build and easy as pie to destroy, it’s a business imperative to manage the company’s reputation carefully. Jim DeLoach outlines five critical areas leadership must pay close attention to, and 10 factors total that can be critical in managing reputation risk. With today’s…
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Positioning Independent Risk Management to Succeed

Posted by - July 6, 2017
6 Ways to Support the CRO There is no one-size-fits-all solution for successful risk management, but there are certainly commonalities between successful Chief Risk Officers and independent risk management professionals. Jim DeLoach outlines several strategies organizations can implement to position their risk management function (and by extension, the organization) for…
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The Emergence of a Cognitive Risk Era: The Role of Cognitive Risk Governance

Posted by - June 16, 2017
Musings of a Cognitive Risk Manager To drive change, you need buy-in, and to achieve buy-in, your people need to know the “why” behind the change. This is the premise behind cognitive risk governance, the “designer” of human-centered risk management. James Bone, author of Cognitive Hack: The New Battleground in…