Risk

Is AI the answer to effective risk management? IsoMetrix’s John Castner details why companies need to stop focusing on predictive analytics and instead prioritize removing a siloed risk management approach to deal with the impact of COVID-19. As industries push to leverage technology, in today’s...

Too often, companies are siloed in their approach to assessing risk in foreign jurisdictions. FTI Consulting’s Ken Jones and Lindi Jarvis explore what companies should keep in mind when developing and refining their overarching risk assessment methodologies. For many companies, breaking down the organizational barriers...

Companies beginning to reopen might consider contact tracing to mitigate risk. These organizations and their employees alike may have founded worries, however. Galvanize’s Dan Zitting addresses concerns with respect to HIPAA compliance and data privacy. Cases of COVID-19 are continuing to rise in the U.S.,...

Many companies have a management risk committee as part of their risk infrastructure. While not a part of the board, such committees nonetheless can contribute to the board’s risk oversight. Protiviti’s Jim DeLoach speaks to how to maximize the MRC’s effectiveness. Whether organized in the...

On average, large companies experience a crisis every year, and, as COVID-19 has revealed, few organizations are sufficiently prepared when a crisis arises. Dataminr’s Michael Affronti discusses the importance of running crisis simulations. You open the binder in front of you. There’s been an accident...

In times of crisis, it’s especially critical to know who critical suppliers are, to proactively monitor them for risk and to ensure they’re complying with business continuity plans. ISG’s David England discusses how organizations can manage supply chain risk in these uncertain times. When the...

Baker Tilly’s Chris Jeffrey offers tips and practical advice for organizations on supporting the control environment and keeping operations running during the current crisis. As the evolving COVID-19 pandemic brings uncertainties, organizations face immediate risks impacting their control environment or compliance with Sarbanes-Oxley (SOX) requirements....

As companies slowly start returning to work, it is time to re-emphasize risk management practices. LogicManager CEO Steven Minsky outlines several steps organizations can take now that will also prepare them for the potential of a second round of COVID-19 in the fall. COVID-19 served...

Every organization’s risk profile has changed because of the current crisis. Companies that have not performed a risk assessment since the pandemic started are already behind the curve. True Office Learning CEO Neha Gupta offers recommendations for commanding control of new risks while preparing for...

How can compliance programs support their firm’s recovery from COVID-19? Kroll’s Daniel Hartnett suggests that due diligence best practices can help compliance officers assist their firm’s efforts to rebuild the global supply chain network in a likely environment of “doing more with less.” The COVID-19...

With $43 trillion moving across the network each year, ACH payments are a powerful option for businesses looking to move money in a cost-effective way. Dwolla’s Jenn Redlich offers advice on recognizing and mitigating fraud risk in this area. In today’s world, efficiency is everything....

Now more than ever, it is crucial for businesses to prepare for multiple dimensions of COVID-19-related risk. MetricStream’s Executive Chairman Gunjan Sinha outlines the key areas where leaders should focus to guide their companies. As we move through 2020, the COVID-19 pandemic caused by the...