Cloud services are gaining traction with C-suite execs looking to drive business innovation and competitive advantage, however cloud adoption can create gaps between cloud usage and risk management. To address this issue from the top, PwC recently released its Managing risk in the cloud—management’s role report, outlining the appropriate measures business executives can take to increase cloud service awareness and...
Lots of change has taken place in risk management over the past three decades. The kinds of risks organizations are exposed to, the speed at which they must respond, the very way we approach enterprise risk management -- all look entirely different than they did in 1985. Jim DeLoach outlines where we've failed and what we can learn from those...
Author Jim DeLoach explores four themes for implementing enterprise risk management (ERM), noting that executives often ask two questions about ERM: “Where do we start?” and “What do we do differently?” These two questions demand a pragmatic response, which DeLoach provides in this compilation of thought leadership articles.
Having rapid-response teams in place and prepared for the eventuality of a crisis does more for your organization than simply prime it to communicate quickly with shareholders and the public. Failure to respond and act appropriately in the immediate wake of a crisis could be the kiss of death for an organization. Risk assessment, however, can truly bolster your preparedness...
There are some crises you can predict and plan for, and there are some you can't. Surprises such as an earthquake or a sudden medical emergency are stressful enough when you're in the comfort of your hometown -- even more so when you're traveling for business. Companies can prepare themselves for dealing with these crisis, however. Practice makes perfect!
Maurice Gilbert interviews Risk expert Jim Deloach, who has recently published "Reimagining Risk, An Integrated Approach to Enterprise Risk Management," available as a free download from CCI.
Regulators say they expect effective risk appetite frameworks, but regulation changes won’t come easy; a major paradigm shift is in order. Every party involved – from regulators to the Board and contributors in each risk silo – must change the way they think about and approach risk. And regulators ought to be walking the walk in order to gain back...
Risk is in the eye of the beholder. At least that's how it seems, since one person's perception of risk can be vastly different from someone else's in a similar situation. The reality is, however, that risk has much more to do with probability than perception. And while probabilistic modeling isn't a science, it may help your organization improve its...
If preparation is the key to success, then the Department of Justice is handing keys out left and right. The DOJ has compiled a list of best practices for how to handle cyber incidents. As abundant as these risks have been of late, organizations ought to be planning for the eventuality that they will come under attack by cyber criminals....
Risk culture - a reflection of a company's goals and values - evolves as the organization does. That's not to say that it can be ignored; on the contrary, it should be regularly evaluated and improved. Jim DeLoach outlines a myriad of ways executive management and the Board can make assessments and drive enhancements to risk culture.
Internal Auditors and CCOs go together like peas and carrots, like Sony and Cher, like peanut butter and jelly -- you get the idea. The information the auditing team relies on directly supports the needs of the compliance practitioner, and vice versa. Doesn't it make sense, then, for them to work together? It certainly would make things more efficient...
The Data Protection Regulation has been heralded as a means for businesses to save significant costs. However, critics have observed that, in fact, it places a significant burden on companies operating in the EU.
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