Manage Tomorrow's Surprises Today

At lunch recently, I opened my fortune cookie and found this message inside: "Any journey must begin with a single step, and you can be the one to take it." That simple message inspired me to write this blog.Events taking... Read More..
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Governance is defined by the organizational processes used to make and implement decisions. Good governance is not necessarily making only the "correct" decisions. It's using the best possible risk management process to inform decision-making, which has the potential to impact employees,... Read More..
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For companies that care about their reputation, incident prevention is a must.  Said best by Warren Buffet, "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."Building... Read More..
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What is Domestic Political Risk?Political risk refers to conditions and events that affect organizations and result from governmental decisions. It can have major effects on the profitability/expected value of economic action. Political risks impact individual investors, public and private companies... Read More..
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Cybersecurity vulnerabilities are a concern for every company in every industry. In 2016, 4.2 billion records were stolen during 4,149 reported data breaches. This doesn't take into account breaches not noted in the public record.According to a Ponemon Institute survey, while security... Read More..
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IMPACT 2016 has come and gone, and risk practitioners from across the United States and Europe were thrilled with the results. IMPACT 2016 was differentiated by the passion behind real customer stories, all shared with actionable takeaways. Topics included third-party risk... Read More..
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Cyber Risk Needs to Be Prioritized: Points for ImprovementCyber risks like data breaches and ransomware are too often shrugged aside. The possibility of a cyberattack is rarely ignored, but it also rarely receives the attention it deserves. There are a few reasons for this:Risk-based... Read More..
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Wells Fargo recently paid $185 million in penalties - the highest fine levied by the Consumer Financial Protection Bureau (CFPB) since it began operations in 2011 - for inappropriate sales practices. Millions of accounts were set up without customer consent, in many instances... Read More..
When building a business case for risk management software, independent validations of customer success stories speak louder than marketing claims. Winona Health won the 2016 GRC Value Award, granted by industry analyst firm GRC 20/20. Winona's rapid success with risk management... Read More..
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Last year, we blogged about how to develop a successful ERM program. An important goal is fostering a risk-based company culture. This means everyone, not just the appointed risk managers, assimilates risk awareness and works it into their job description.... 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 Minsky is CEO of LogicManager, Inc., a leading provider of ERM software solutions, and a recognized thought leader in enterprise risk management (ERM). He is the author of the RIMS Risk Maturity Model (RMM) and corresponding 2008 and 2015 State of ERM Reports. Steven is also a patent author in risk and process management technology and an instructor on many ERM and GRC topics.

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