Recently in Risk Identification Category

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 light of recent events, the Environmental Protection Agency is using new monitoring techniques to evaluate the quality of companies' classifications and reporting of hazardous materials. Ironically, as we all learned recently, even the EPA itself isn't immune to catastrophic, if preventable,... Read More..
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Gerry Grimstone, keynote speaker at the IIA's recent conference in London, has a message for senior executives."You can't easily blame a board member for not knowing something," Grimstone said. "But you can blame a board member for creating a culture where he... Read More..
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Nobody likes surprises in business. Using a risk-based approach to identify your organization's likely vulnerabilities is highly recommended and vital to short-term and long-term success. Expanding regulations make compliance increasingly complex and expensive, and increases in deficient internal audit controls have heightened... Read More..
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While data breaches have dominated the news cycle, The Wall Street Journal's "Risk and Compliance Journal," reports that fraud is actually much more common, even if it generates fewer headlines.In the fiscal year ending March 31st, 2015, instances of retail fraud averaged a 94%... Read More..
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Last week, a "mistake" by the Environmental Protection Agency (EPA) caused "millions of gallons of pollutants" to overpower the Animas River in Colorado. The EPA, responsible for maintaining and protecting the environment, in fact did just the opposite.The Animas River before... Read More..
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The Harvard Business Review's article "How to Live with Risks" reveals a common misconception that risk managers have about the sources of their risks, and how they should be conducting risk assessments.This study suggests that while risk managers spend nearly half their... Read More..
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A survey conducted by APQC found that in the past two years, 75% of companies were hit by at least one major unexpected disruption to their supply chain, defined as an incident with the capability of preventing a business... Read More..
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Looking back over my most popular blogs, there was a lot of interest in 5 Steps for Better Risk Assessments and How to Consolidate Compliance Risk Assessments. Due to this interest I have created a complimentary 30 minute webinar on streamlining enterprise risk... Read More..
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The first shoe to drop was government regulations holding the Board of Directors personally responsible for the effectiveness of enterprise risk management programs at their organizations. Boards are given a choice between proving their risk management programs are effective or... 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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