Risk

Vendors make the world go round, allowing organizations to efficiently outsource tasks, but they are a top source of breaches for organizations. LogicGate’s Matt Kunkel discusses the risks companies must address with their TPRM programs. It’s estimated that anywhere from 20 to 50 percent of workforces are outsourced. While outsourcing can help companies scale and be more efficient, it also...

IT security researchers say 81 percent of CIOs and CISOs defer security-relevant critical updates or patches due to concerns about the impact it might have on business operations. Authentic8’s Claudia Berth discusses the results that should serve as a wake-up call for compliance leaders. Security researchers report that eight out of 10 CIOs and CISOs refrain from adopting an important...

New global research from Morrison & Foerster reveals that GCs want to be evaluated on how effectively they protect their companies from risk and reputational damage. As Paul Friedman explains, they’ll have plenty of opportunity to prove themselves.  As globalization and technological transformation march forward and reshape the business landscape, risks lurk in more places than ever. As we’ve seen...

Russ Berland considers disruptive risks – like the earthquake and resulting tsunami that caused the Fukushima disaster in 2011 – and how AI can help to identify and manage those risks before they mature into overwhelming obstacles. In March 2011, an 8.9 magnitude earthquake and a 23-foot tsunami hit Japan. Thousands of Japanese people tragically lost their lives, and hundreds...

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...