Yule Shoot Your Eye Out: Classic Holiday Movie Characters That Underestimated Risk
These classic films let us enjoy a bit of nostalgia and give us a break from the holiday rush, but do they have anything to teach us about risk? I’d say ye
What Asset-Based Risk Assessments Get Wrong
Wouldn’t it be nice to reduce risk management to a simple checklist? That’s the thinking behind asset-based risk management - but this idea has more flash
Examiners Will Be Focusing on Your Institution’s Riskiest Areas. Do You Know What They Are?
In the FFIEC Press Release, dated 11/27/2018, the FFIEC provided a more formal idea of what a “risk-based exam” looks like and the factors that will help
You Got SOC Questions? We Got SOC Answers!
Did you ask a question during our live broadcast of How to Leverage SOC and SSAE 18 Reports Throughout Every Department of Your Financial Institution?
The Lessons from Marriott’s Epic Data Breach
By now you’ve probably heard about the Marriott breach. According to the hotel company, an internal security tool alerted it to an unauthorized attempt to
Game of Thrones Survey Results: Westeros Has Spoken
For those of you who took our Game of Thrones Risk Manager survey - the results are in and Westeros has spoken...
Risk Management Among Top 3 Skills for Sought-After CFOs
The role of the CFO is evolving. Part of that change is a deeper focus on risk. That’s according to a new research report from Accenture...
Risk Management Companies
Risk management companies are businesses that work with companies to identify, analyze, monitor, mitigate and report risks.
Risk Management Policies
Risk management policies are policies that leaders and managers create, and all members of the organization follow, to reduce or manage risk.
Strategic Risks
Strategic risks are threats that come from company decisions that thwart the firm’s long-range goals.
Credit Risk Management
Credit risk management in a financial institution refers to the strategic processes for identifying and treating risks posed by consumers who borrow from
Reputational Risk
Reputational risks can come from management decisions and employee actions within the company, from joint venture partners, from suppliers, or from
ERM Meaning
ERM stands for enterprise risk management. The ERM meaning is defined by the Committee of Sponsoring Organizations (COSO) as the combination of culture
Operational Risks
Operational risks are vulnerabilities to financial loss due to failures in processes, systems, and the people using those processes and systems.
Risk Management Software
Risk management software allows a company to easily identify, track and deal with threats that might damage the firm’s overall success.
Risk Analysis
Risk analysis is the part of that overall process that deals with the analysis of information about the potential loss.
Risk Mitigation
Risk mitigation refers to defined strategies to minimize or avoid exposure to loss.
Third-Party Risk Management
While relationships with third parties can be beneficial, they also need to be overseen to make sure they do not result in damages that can affect your
Risk Management
Risk management is necessary for any business, helping to protect it against risks that may occur as a result of accidents, disasters, emergencies and
Risk Management Planning Template
Every business is vulnerable to some amount of risk and every project the business works on can bring its own additional set of risks. That’s why it’s
What Is Risk Management?
Risk management is important for every company and is, in fact, such a crucial part of doing business that there are several industries and government
Inherent Risk
Inherent risk is the risk that exists naturally when there are no safeguards in place to avoid trouble.
Mitigation Definition
Mitigation is defined as the action of reducing the severity or seriousness of something. When it comes to banking, risk is mitigated in several ways,
OFAC, Cyber Risk & Third-Party Vendors: What You Need to Know
Bankers know they shouldn’t do business with parties sanctioned by the OFAC - as the agency has reminded us in its most recent statement on sanctions and
Cybersecurity 101: How to Get Senior Management to Spend More on Cybersecurity
They say nothing is certain in life but death and taxes, but I’d also add cyberattacks to that list. Here are five tips for making the case for why your
COSO ERM Framework
The COSO ERM framework is comprised of the components and principles of effective enterprise risk management.
Vendor Risk Management
Vendor risk management is a process that aims to deal with the risks associated with working with vendors. This process begins when the company is first
Risk Management Strategies
Risk management strategies are systematic approaches to treating risks. Through risk assessment, a financial institution can identify the
Operational Risk Management
Operational risk management is a continuous process by which a financial institution manages risks within its business functions.
RTO Meaning
RTO is defined as the maximum tolerable length of time that a computer, system, network or application can be down after a failure or disaster occurs.