Risk

As we move into the 4th Industrial Revolution (4IR), risk management is poised to undergo a significant shift. James Bone asks whether traditional risk management is keeping pace. (Hint: it’s not.) What’s really needed is a new approach to thinking about risks. Framing the problem Organizations, generally speaking, have one foot firmly planted in the 19th century and the other...

The market for risk technology is driven by increased regulatory mandates and complex organizational risks. Risk technology is a global market that has rapidly evolved over the last 20 years, from single solution providers into platforms with cloud features and advanced analytics. The term “GRC” (governance, risk and compliance) has also undergone a metamorphosis in attempts to describe aspirational solutions...

Nearly half of compliance and procurement professionals find it difficult to identify environmental, social and governance within customer due diligence processes. Brian Alster discusses this and other findings from a recent Dun & Bradstreet survey. There is little doubt amongst supply chain industry experts that knowing and actively managing potential risk is essential to the success of an entire supply...

Innovation is the lifeblood of every organization. An innovative culture is what sustains reinvention and even the organization itself. In the digital age, executive management and the board have an important role to play in strengthening and nurturing this culture. Jim DeLoach discusses how. Digital transformation is disrupting entrenched incumbents and even entire industries as the pace of change impacts...

Compliance training expert Ronnie Feldman explores the fundamental misunderstanding of ethics and compliance’s role and function in the organization, which must be overcome to successfully mitigate risk. You are smart. You’ve got a welcoming smile. You have interesting anecdotes. You’re a snappy dresser with a quick wit. And to top it all off, your role in the organization is to provide...

Santa Fe Group’s Gary Roboff and Protiviti’s Paul Kooney discuss today’s increasingly fraught risk environment. Among the findings from a recent study: There’s a growing need for robust third-party risk management and greater board engagement. Increasing risk and regulatory pressure pose severe challenges to vendor risk management programs and largely offset gains in program effectiveness and efficiency, according to the...

London (May 15, 2019) – Red Box, the leading platform for voice, today announces a partnership with Theta Lake, a leader in compliance artificial intelligence (AI) for video, voice, and unified digital communication. This partnership allows Red Box’s customers to take advantage of Theta Lake’s purpose-built AI and Deep Learning-powered software to automatically detect compliance risks in their recordings, and significantly...

Kaplan & Walker’s Jeff Kaplan discusses the Department of Justice’s recent updates to its guidelines for evaluating the effectiveness of corporate compliance programs in the context of an investigation. Editor’s note. Later this month CCI will publish the second and expanded edition of Jeff Kaplan’s popular e-book Compliance & Ethics Risk Assessment: Concepts, Methods and New Directions.  Today’s post is...

Effective leaders understand that boards are comprised of people with different skills and areas of expertise – often without the acumen to understand the details of security and risk the way a security or risk professional does. Lockpath’s Sam Abadir offers guidance on bridging that gap. Communicating risk posture and assessments to the highest levels of an organization is a...

Third-Party Risk Factors Require More Board Level Attention on IoT Security Santa Fe, NM (May 7, 2019) – The Santa Fe Group, authorities in risk management and the managing agent of the Shared Assessments Program today released the results of the Third Annual Ponemon Institute’s study on Third-Party Risk for the Internet of Things (IoT). Ponemon reports a dramatic increase in IoT-related...

ISF’s Steve Durbin details findings from the firm’s recent Threat Horizon 2021 report, highlighting the top three threats to information security emerging in the next two years.

A Gartner survey of more than 100 organizational risk leaders shows that ERM is maturing as a function. As Gartner’s Matt Shinkman explains, the ERM function still has a long way to go to complete its integration into key business activities, however.