Manage Tomorrow's Surprises Today

The words "data breach" are often met by a clamor whenever they make headlines. Home Depot, Target, Ashley Madison, Heartland, Citibank, the list goes on and on. These breaches spent time in the limelight because of their magnitude; they affected... Read More..
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Risk is a double-edged sword for insurance companies. On one hand, customers buy coverage because their businesses face a variety of risks. On the other hand, risk management challenges for the insurance industry are numerous. These include risks like "underwriting,... Read More..
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Does your organization rely on vendors or other third parties? In the likely event that it does, are your vendor management processes as thorough as they could be? When performing risk assessments of both current and prospective vendors, it's difficult... Read More..
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Plains All American Pipeline, a major player in the oil and gas industry, faces $2.8 million in fines, and a grand jury indicted the company on 46 criminal charges - four of them felonies - according to The Wall Street Journal.Additionally, a Plains employee... Read More..
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Back in August of 2015, we discussed a vulnerability in Android's operating system that put both personal and professional data at risk. This is just one example of the fact that improved technologies, while vital to continued growth, can bring with them... Read More..
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By this point, the Volkswagen scandal is old news (we first blogged about it last October). Yet details about the case continue to emerge, most recently about board accountability. As of last week, a Volkswagen "internal probe into its emissions-cheating scandal found no... Read More..
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Cyberattack prevention measures will always be necessary. The constant threat of data breaches and other hacks is simply a fact of business. Priority targets are no longer limited to retailers and banks; insurers, hospitals, energy producers, and (most recently) a host... Read More..
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Last month, the Consumer Financial Protection Bureau (CFPB) investigated Dwolla, an e-commerce and online-payment company. It found Dwolla guilty of risk management negligence regarding data security practices.The investigation has some significant implications. Before we take a deeper look, here are... Read More..
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Risk Management's 3 Basic StepsIn order to be effective, risk management must involve three phases:1. Risk identification & assessment2. Mitigation design & implementation3. Active monitoring of mitigation activitiesIf an organization misses any of these steps or does not directly link them to one another, it... Read More..
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A big mistake in risk management, especially when it comes to companies with newer programs, is underestimating the importance of standardized risk prioritization. Diving into identification and assessments without a sufficient framework inhibits prioritization. This can result in ineffective risk... Read More..
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In this blog, risk expert Steven Minsky highlights the differences between traditional risk management and true enterprise risk management, which is about helping things happen rather than preventing them from happening. Manage Tomorrow's Surprises Today is designed to help you think about risk in new ways and learn how to benefit practically from this rapidly evolving field.

Steven Minsky

Steven is the CEO of LogicManager, Inc. the leading provider of ERM software solutions. Steven is the architect of the RIMS Risk Maturity Model for ERM, author of the RIMS State of ERM Report among many other papers, and a RIMS Fellow (RF) instructor on ERM. Steven has conducted ERM and RIMS Risk Maturity Model training for hundreds of organizations around the globe. Steven is a patent author of risk and process management technology and holds MBA and MA degrees from the University of Pennsylvania’s Wharton School of Business and The Joseph H. Lauder Institute of International Management. You can reach Steven at steven.minsky@logicmanager.com.

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