Recently in Compliance Category

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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Back in 2009, we blogged about the SEC's decision to require board-level accountability for ERM. This decision was based on the conclusion that inadequate risk management allowed the regulatory failures that ultimately led to the financial crisis. As we wrote in that post,... Read More..
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Many companies share some problematic habits when it comes to compliance. The worst of them is treating compliance like a checklist. In other words, thinking, "If we meet these specific compliance requirements, our company should run efficiently and securely." While... Read More..
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Here at LogicManager, we've spent a lot of time considering issues related to cybersecurity. To find a new way in which a cybercriminal has exploited electronic vulnerabilities, all you need to do is skim today's newspaper, which will almost inevitably... Read More..
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CNN's latest news headlines reads, "28 years for salmonella: Peanut exec gets groundbreaking sentence." This story relates to the Peanut Butter Corporation of America's (PBC's) bankruptcy, and the largest food recall in the United States due to salmonella. Known as... Read More..
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Jeanette Franzel, board member of the Public Company Accounting Oversight Board (PCAOB), recently spoke at the American Accounting Association (AAA), according to The Wall Street Journal. She says audit-oversight inspections show a twenty percent increase (since 2013) in internal-control deficiencies of... Read More..
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The OCC released its "Semiannual Risk Perspective" and, perhaps as anticipated, banks continue to struggle plugging gaps in information technology practices.Among the risks highlighted in the study, as reported by Joe Mont at Compliance Week:- Evolving cyber-threats and information technology vulnerabilities... Read More..
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Source: http://www.esv.info/download/zeitschriften/BUCO/leseprobe_2.pdfLogicManager has long believed that an Enterprise Risk Management methodology, also known as a risk-based approach, is the best way of accomplishing any type of organizational governance. With risk as the common factor, governance activities become standardized and comparable, enabling... Read More..
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The RIMS Risk Maturity Model, co-developed by LogicManager CEO, Steven Minsky, and the RIMS Risk Management Society, has been adopted by yet another governance body in an attempt to formalize how organizations achieve risk management competency.The NAIC specifically identifies the Risk... Read More..
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The year 2014 has come and nearly gone, and it's clear that enterprise risk management will not go quietly into the night. Following a 2013 that saw Edward Snowden NSA leaks, a Carnival Cruise line generator fire, and Target's credit... 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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