I am always in search of free online resources regarding diverse outlooks on risk. Recently I stumbled upon a great source of risk related concepts after listening to an episode of The Knowledge Project podcast which featured a guest, I was unfamiliar with. This guest, some sort of investment expert, started catching my attention with […]
Systems and Controls
3 Analysis Models All Risk Leaders Should Know
Risk management is an integral part of any business however most of the time it is simply seen as an add-on process that is often shoved into a silo to be kept away from core business functions. Now, this is no fault of business leadership as risk management has a historical reputation of being a […]
Risk Management Tools to Monitor your Business
With digital technology becoming a permanent part of organizations, businesses are now more likely to run into technical errors and hence becoming more unpredictable. According to a report by McKinsey in December 2017, 70% of senior managers had started to implement risk management tools in their businesses. Even the best organizations have also faced unanticipated […]
Risk Matrices: Pros, Cons and Alternatives
Risk matrices (or risk heat maps) have been in existent for some time and have become a contested topic in the risk management community in recent years. Once heralded as a sophisticated way to visually map risk pertinent to an organization’s revenue-producing activities or the overall industry in which they exist, these tools do have […]
Internal Audits Role in Fighting Cyber Attacks
Cyber-attacks are growing exponentially as our world becomes more digitally integrated on a global scale. From ransomware holding data hostage to phishing attacks spoofing innocent users, cybercriminals are looking to exploit the exponential amount of data existing in today’s world for easy payouts. A troubling stat from Cybersecurity Ventures estimates cybercrimes will costs businesses $6 […]
Operational Risks are a Global Focus in 2019
Protiviti and North Carolina State University’s ERM Initiative recently published their annual global risk report titled, Executive Perspectives on Top Risks 2019. This report focuses on the top risks executives are concerned could impact growth opportunities or create operational challenges in executing strategy. Here is the thirty thousand foot view, the global business environment is […]
Fraud Orchestration Creates Seamless CRM Integration
Banks and financial institutions have a current challenge in meeting increasing customer demands. The financial industry has turned to customer relationship management (CRM) technology as a solution to providing a better customer experience from mobile apps to branch locations. CRM has become almost a necessity within the financial services industry to create customer experiences which […]
Fraud Orchestration Will Keep Banks on Key
Technology is rapidly advancing economic globalization and changing the way consumers interact with businesses all over the world. To meet this new demand, banks and financial institutions are creating new, innovative channels to meet the needs of changing consumer practices. New opportunities but also new financial risks to combat. Financial criminals are always looking for […]