We use cookies and other similar technologies (Cookies) to enhance your experience and to provide you with relevant content and ads. By using our website, you are agreeing to the use of Cookies. You can change your settings at any time. Cookie Policy.

Recently in Risk Mitigation Category

When it comes to Enterprise Risk Management, there is a lot of jargon floating around, mostly because it's a unique, rapidly growing industry. Not all of that jargon is necessarily industry-wide; organizations will sometimes use different terms for the same... Read More..
Categories: ,

Last month, SoulCycle, a well-known high-end cycling business, filed for an initial public offering. In the midst of this exciting transition from private to public, SoulCycle was hit with a lawsuit for violating the Credit Card Accountability and Disclosure Act. One might... Read More..
Categories: ,

An in-depth investigation by the non-profit analysis organization RAND reveals that hackers and their attacks are maturing at a much more rapid pace than organizations' cybersecurity programs. Hackers now regularly and successfully plan sophisticated attacks to gain valuable information from large, well... Read More..
Categories: , , ,

Risk management is not about absolutes, it is about using a consistent analysis framework for balancing risk and cost on a common basis across the enterprise. Yesterday's announcement by the Transportation Security Administration (TSA) of their adoption of a risk-based approach is... Read More..
Categories: , , ,

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..
Categories: , , , , , ,

We are often asked for insight on business measures or KPIs for ERM programs to track overall progress and effectiveness. The key question for risk managers is: how do I measure the value ERM is delivering to my organization? The following are examples of measures that... Read More..
Categories: , , ,

Yesterday the Congressional panel overseeing the Troubled Asset Relief Program (TARP) program released a scathing report of the regulatory failures that led to the current financial crisis, Congressional Oversight Panel Special Report on Regulatory Reform.The report concluded "The regulatory system not only... Read More..
Categories: , , , , , , ,

Whenever there is a disaster or event that causes losses, it is usually proven that someone or several employees in middle management or on the front lines had been forecasting the event years before but no action had been taken.... Read More..
Categories: , , , ,

Below are four poll questions recently asked to Chief Risk Officers at organizations across North America. Take the survey yourself below and then compare your results by downloading their poll results along with a write-up explanation. Click here to download.... Read More..
Categories: , , , ,

In my blog last week I defined the terms in the poll below and explained how risk management can prevent these failures from occurring. Vote your opinion and then view the results of what others think: Thanks to Toren for... Read More..
Categories: , ,

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.

Recently Commented On

Monthly Archives