Risk

The Shared Assessments Program, the member-driven leader in third-party risk assurance, recently released a new set of findings and recommendations developed with C-level executives and risk experts from a dozen organizations. The briefing paper provides boards of directors and C-level executives with new findings on the role of and increasingly crucial importance of board oversight, specific high-profile case study examples of...

Remember when email was the only way we shared information?  Modern communication methods have evolved -- and risk has grown along with it. But you know that already, right? If you’re on this page, you might already have concerns relating to communication. With official conversations taking place on social media, on collaboration platforms like Slack and Microsoft Teams -- or...

The Shared Assessments member-led consortium for third-party risk management has introduced an assessment and monitoring module, the latest addition to the Third-Party Risk Management (TPRM) Framework trusted by cybersecurity, risk management, threat intelligence and compliance professionals worldwide. Instant Download: Read it Now Can’t see the download form? Disable your ad blocker.

Acquisition of Expolink and addition of new managing director are moves to support the region as new regulations proliferate LONDON (October 9, 2019) – In response to rapidly growing marketplace demand for its products, leading risk and compliance software and services company NAVEX Global® is expanding its presence in the U.K. and across the EU to serve a wider range of...

Spreadsheets play a greater role in the risk and compliance process than one may think, according to a recent study conducted by Forrester Consulting. Diane Robinette, CEO at Incisive Software, details the findings from the report. The Forrester Opportunity Snapshot study reveals, despite easy manipulation and a lack of controls, nearly 50 percent of companies still rely on spreadsheets alone...

What happens when decisions made by an artificial intelligence platform lead to injury or damage? Is the “system” responsible? Fox Rothschild’s Chris Temple discusses legal liability when AI decisions made without human input go wrong. More and more process systems deployed in public infrastructure, industrial, commercial and residential applications are not only automated, but also are increasingly using autonomous non-human...

Assumptions are dangerous. Sam Sheen, financial crime expert at Efficient Frontiers International (EFI) shares the story of a criminal who seemed above board but would certainly have been found out sooner with proper customer due diligence. Have you ever seen dogs at the airport sniffing around the bags? These sniffer dogs play a critical role in the story of a...

In the last two years, the United States and its international allies have significantly increased the use of sanctions against illicit maritime networks engaged in commerce in support of the regimes in North Korea, Syria, and Iran, as well as actors that continue to trade with Crimea. The U.S. has also imposed sanctions against maritime firms and vessels that are...

Cowden Associates CEO Elliot Dinkin discusses the liability health care organizations assume when enlisting the services of a “business associate” and shares a couple of cautionary tales that make clear why third-party due diligence is so critical. Businesses with access to patient health data risk Health Insurance Portability and Accountability Act (HIPAA) violations that can lead to steep federal and...

A recent survey noted that the top global risks included concerns over disruptive change to the business model and the organization’s resistance to change. As Protiviti’s Jim DeLoach explains, this incongruence captures perhaps one of a board’s most fundamental fears. No established incumbent wants to fall into the category of companies that were yesterday’s success but are in decline today,...

MetricStream’s COO, Gaurav Kapoor, discusses how the Chief Risk Officer’s role is changing; CROs are finding themselves increasingly focused on enabling growth while simultaneously ensuring stability. It’s a global trend: Consumers and investors are demanding better standards of corporate governance and integrity. This trend has effectively shifted the focus of the Chief Risk Officer (CRO) from traditional risk areas, such...

James Bone explores cognitive governance, the first pillar of the cognitive risk framework, and the five principles that drive the framework to simplify risk governance, add new rigor to risk assessment and empower every level of the organization with situational awareness to manage risk with the right tools. The three lines of defense (3LoD), or more specifically, risk governance is...