Risk
Risk refers to threats an organization faces -- loss of earnings, loss of reputation, or harm of any kind. These articles explore the challenges of preventing, identifying and mitigating risk.
Risk can come in many forms, including financial issues, legal liabilities, strategic or leadership errors, or accidents and natural disasters. Today, IT- and data-related risks are growing concerns.
The following articles about risk look at the issue from many angles, especially from that of compliance officers and risk managers.
Mitigating Data Breach Liability: In Search of a Best Practice
The painful reality is that data breaches are daily occurrences. If a company is lucky enough not to have had a data breach to date, it is likely that luck will not last.
10 Ways Board Risk Oversight Can Fail
Risk oversight is a top-of-mind issue for boards because of the expectations spawned by the financial crisis and the unanswered questions around what directors might have, or should have, done to thwart that crisis.
Corruption in Turkey and Integrating Your Risk Assessment
One of the more public and ongoing corruption scandals in the world right now seems to be happening in Turkey. To say the events and facts are confused is an understatement.
Bitcoins – Risks or Returns
Created by Satoshi Nakamoto in 2009, bitcoins are a digital currency some are using instead of traditional money for various transactions.
What Do Aesop’s Fables and Risk Management Frameworks Have in Common?
Aesop's Fables is a collection of tales by the Greek storyteller Aesop. We don’t know the true intent of Aesop’s stories, but we do know that the fables were intended to teach children about life lessons.
Best Practices for Mitigating Co-Employment and Independent Contractor Compliance Risks
When properly managed, non-employees give businesses a competitive advantage, but improper hiring and management practices can introduce employers to a whole other set of challenges and risk. Matt Rivera breaks down the potential co-employment and independent contractor compliance issues, and discusses the best practices for implementing a compliance program to protect your organization.
Examining Systems Output Controls
James Bone warns against a "mini Y2K" that might exist at many firms in the form of service recoveries, customer rebates for inaccurate calculations, or financial statement restatements. By implementing regular health checks on systems output controls, a significant number of these problems can be reduced or prevented.
