Risk Archives - Corporate Compliance Insights

Beware What Lurks in the Dark

Posted by Gary W. Patterson - November 5, 2018

12 Steps to Reveal and Reduce Cyber-Breach Risk One hundred percent of businesses are or will be victims of a cybersecurity breach, disruption or attack — either directly or indirectly. No one is immune. That’s why this article is not just for the Fortune 500 CISO or the fortunate few…

Does ERM Really Matter in Your Organization?

Posted by Jim DeLoach - October 31, 2018

Maturing Risk Management in Light of COSO Updates Recent updates to the COSO framework serve to clarify the significance of the connection between risk, strategy and performance. Protiviti’s Jim DeLoach discusses how organizations can get the most out of their ERM programs and three keys to advancing ERM. In 2017,…

Proceed with Caution When Using Artificial Intelligence

Posted by Diane Robinette - October 19, 2018

Challenges with Insights in Excel Artificial intelligence can be a very good thing, but organizations must not jump in blindly. Incisive CEO Diane Robinette discusses potential risks associated with the new artificial intelligence capabilities in Excel. Artificial Intelligence (AI) is a hot topic. It’s the shiny new thing that people…

Is Your Company Prepared for the Worst?

Posted by David Nolan - October 16, 2018

Why Business Continuity Must Be Part of Your Strategy Carrying insurance, having a plan, limiting liability… these are all important steps to minimize risk associated with a disruptive event. But without a dynamic business continuity management program, brand equity could suffer significantly. David Nolan, CEO and founder of Fusion Risk…

Scaling Cyber Supply Chain Risk Management with Dark Web Monitoring

Posted by Anju Chopra - October 2, 2018

Implementing Protections Against Cyberattacks Many recent cyberattacks have come through exposures in third-party systems. There is an evident need to monitor the cybersecurity of third parties, and this puts the spotlight on cyber supply chain risk management (C-SCRM). Experts from Kroll outline what companies can do to protect their systems…

Managing the Effects of Short-Termism on Risk Management

Posted by Jim DeLoach - September 28, 2018

6 Recommendations to Maintain Effective Risk Oversight As the financial crisis thoroughly demonstrated, an acute focus on short-term gains can be disastrous when risk proper oversight isn’t there. Protiviti’s Jim DeLoach provides six key considerations your organization can bear in mind in moving beyond myopic “short-termism” to a more broadly…

Preparing for Cyber Risk

Posted by Maurice Gilbert - September 13, 2018

Q&A with Steve Durbin, Managing Director of ISF Maurice discusses with Information Security Forum’s Managing Director, Steve Durbin, some of the key challenges businesses face today in terms of cybersecurity, as well as how ISF helps its clients manage those risks. Maurice Gilbert: What are the most significant risks that…

cybersecurity concept padlocks on binary code

8 Realities in Managing Cyber Risk

Posted by Jim DeLoach - August 29, 2018

Thoughts on Increasing Cyber Resiliency Companies’ adoption of new technologies is outpacing their ability to protect against evolving cybersecurity threats. It used to be said that it’s not a question of IF an organization will be breached, but WHEN. Jim DeLoach suggests that companies either know they’ve been breached or…

Risk Managers: Impact Lies in Reduced Executive Effort

Posted by Matt Shinkman - August 28, 2018

The Key to Increasing Decision-Making Influence In this complex risk environment where senior executives are expected to make fast decisions, they need the most actionable information in a timely manner. However, most leadership teams feel the risk information they receive isn’t actionable from a business strategy or operations perspective. In…

A Copernican Revolution in Culture and Conduct Risk Management

Posted by Nicholas Christakis - August 22, 2018

The Necessity of Proactive Management Experts at applied behavioral science technology company Starling offer insights into the failures of current approaches to managing conduct risk and explore an alternative – more proactive – solution. This would mark a paradigm shift in management science – one in which culture is viewed…

illustration of man in suit pulling thread from tangled mess

Needed: A New Approach to Risk Modeling in an Asymmetric World

Posted by John Klick - August 20, 2018

A Forward-Looking Response to a Chaotic World The actuarial model of risk compliance employed by most large global enterprises – calculating the odds of future events based on past occurrences – has become outdated and ineffective, as the internet and global interdependencies have created an asymmetric, chaotic world in which…

“Gone are the Days of Rigid Lines of Defense”

Posted by Gaurav Kapoor - July 17, 2018

Key Insights and Trends from the MetricStream GRC Summit 2018 MetricStream’s 2018 Summit in Baltimore saw several hundred business executives, government leaders, GRC practitioners and industry analysts gather to talk GDPR, strategies and solutions for building better governed, more compliant organizations and more. Gaurav Kapoor, MetricStream’s Chief Operating Officer, shines…