Risk

The latest global survey of C-level executives and directors of the macroeconomic, strategic and operational risks that organizations face indicates an increasingly risky year ahead. Protiviti’s Jim DeLoach discusses the risks keeping executives up at night. Overall, 825 C-level executives and directors participated in this year’s global study, with 45 percent representing companies based in North America. As with our...

In this day and age, compliance risks can come from anywhere. Sean Freidlin of Hanzo discusses some of the chief ways innovative marketing campaigns can expose the organization to risk, provides three examples of current risky strategies and offers lessons for the compliance practitioner. Every department in an organization is a potential source of risk that compliance professionals need to...

From Google's GDPR violation to data breaches happening just hours after the new year, 2019 is off to a crazy start, especially for risk managers. In anticipation of the months ahead, LogicGate CEO Matt Kunkel predicts what GRC professionals should be prepared for in 2019.  There’s no doubt risk managers stayed busy in 2018. From the GDPR rollout in May...

Lockpath’s Colby Smith discusses the reasons an integrated approach to risk management is an imperative – chief among them digital processes, global business and a reliance on third parties. Digital transformation, globalization and outsourcing have given rise to unprecedented productivity, innovation, efficiency, collaboration and knowledge. However, with these business improvements come new risks. Modern business risks are multifaceted: they impact...

Actionable advice and a reader-friendly format make this an essential handbook for today’s operational risk manager. Want a refresher on current best practices for operational risk management in the financial services industry – but also need a crash course on today’s cutting-edge developments and advanced tools? A recent addition to the risk management bookshelf offers both. Operational Risk Management: Best...

In the year ahead, companies will need to find meaningful and measurable ways to align and integrate risk management with core business objectives to pursue and meet their company’s goals. LockPath’s Sam Abadir discusses three trends that will challenge organizations' progress and innovation. 2018 was quite the year. Between regulatory regimes, global competition and cyber threats, the cautionary tales of...

FTI Consulting recently issued a new research report at the World Economic Forum, a survey of business leaders from across the G20 countries aimed at providing insight into the pressure points faced by global business leaders today, as well as how they're preparing for the challenges of what the WEF is calling the fourth Industrial Revolution. The findings, among other...

The Bank Secrecy Act and Enhanced Compliance Programs Increased regulatory scrutiny, historically high fines and now-legalized sports betting are leading casinos to focus on improving their Bank Secrecy Act/anti-money laundering (AML) compliance programs. Deloitte’s Matt Lappas and Jeb Breese discuss four key areas casino compliance officers should focus on in the short term to support long-term success. with co-author Jeb...

Key Controls on Web Use to Avoid Regulatory Scrutiny For regulated investment firms, the SEC has prioritized cybersecurity, governance and data loss prevention. While firms cover the gamut in their compliance manuals and policies, their practice reveals alarming gaps when team members access the web. John Klassen of Authentic8 discusses how compliance teams can ensure oversight and control over employees’...

Guidance for Executive Management and the Board Protiviti’s Jim DeLoach discusses strategies to enhance the risk assessment process, from ensuring the proper stakeholders are involved to accounting for disruptive change and moving beyond “enterprise list management.” An effective risk assessment is fundamental to risk management and the board’s risk oversight process. Successful risk assessments help directors and executive management identify...

New Data is Key to Anti-Bribery, Anti-Corruption Efforts TRACE International published an updated Bribery Risk Matrix earlier this month, and the rankings will be hugely informative in corporations’ business dealings across the globe. Clifford Chance’s Wendy Wysong and Nick Turner discuss. with co-author Nick Turner Gut instincts can be good when undertaking an anti-corruption risk assessment on an Asia-Pacific business...

Mitigating a Multitude of Social Media Risks Employees using business-oriented social media sites could be inadvertently exposing the company to a host of risks, whether by disclosing proprietary information, using a photo that captures details potentially helpful to competitors or just communicating an off-brand message. Michael Schmidt and Art Samansky provide suggestions corporations can implement to guard against myriad legal,...