Articles
Tag: norman marks (page 3)
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My Cybersecurity Confession
Cybersecurity is clearly a priority for many, but let's not kid ourselves how effective our security plans are.
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Effective Risk Management Starts With Better Decision-Making
An idea to help drive effective risk management that involves improving the decision-making process.
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One Objective, Multiple Risks: What Do You Do?
Any objective will have multiple associated risks. How can you aggregate multiple sources of risk to reach a final assessment?
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Identifying, Assessing and Evaluating Risk Is the Easy Part
Identifying and reacting to the initial risk is relatively easy. Taking into account all of the resulting risks this action creates is the hard part.
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8 Biggest Risks for Internal Auditors in 2018
Internal auditors put their own roles at risk if they fail to focus on the broader business's success
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How Will You Respond to the Cyber Crisis?
It feels like almost every week yet another ransomware attack strikes. The recent Petya attack spanned the globe and eluded detection and prevention by corporate defenses. All indications show our ability to address the mounting threats is insufficient. The recent survey, "Majority of organizations are in the dark regarding daily network attacks " illustrates the point.
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When 'Acceptable' Risk Is No Longer Acceptable
We are used to identifying a risk, analyzing the potential consequences and their likelihood and then establishing a "risk level." We evaluate whether the level of risk is acceptable or not, based on risk appetite, risk criteria or the like.
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A Risk Manager's Most Powerful Tool: The Word 'Why'
As a young boy, my family spent our vacations at a hotel near Rimini, on the Adriatic coast of Italy. The hotel owner had a six year old son, Mario. Mario only spoke a little English, which he had picked up from guests.
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How Do You Change an Organizational Culture?
In the last few years, we have witnessed a number of clear failures of culture in major organizations, including Wells Fargo, GM, Volkswagen and more. Sometimes, the failure leads to a violation of law or ethical values. But sometimes it can cause the organization to under-perform.
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Cybersecurity Is More Than a Tech Issue
Do techies really understand cyber risk? The question came up after reading two recent papers published by sources you would expect to have more authority on the matter. Cybersecurity Involves the Whole Business Lockheed Martin, the Bethesda, Md.
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Risk Management Balances Creation and Preservation of Value
Businesses struggle to strike a balance between creating and preserving value when it comes to risk management. Sean Lyons, a strong advocate of corporate defense programs, wrote a post on this topic which offers a good deal of common sense.
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Risk Management Is More Than a Roll of the Dice
Have you ever played Monopoly? Players compete to win by either having more money when the game ends (if there is a time limit) or by being the only one left standing after all the others have gone bankrupt.
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Internal Audit Pushes Beyond the Tipping Point
Forces are pushing multiple business departments to be more agile in their day to day operations, and internal audit is no exception. Faced with an ever-changing list of risks, internal audit is tasked with becoming more nimble, more strategic and more data-driven.
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Risk Is Not an Island
Risk does not exist in a vacuum. Considering it as such is a sure path to poor performance. A Governance Model for Risk ...
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