Incorporating AI in Enterprise Risk Management
Enterprise Risk Management (ERM) is at a critical crossroads. According to the 16th State of Risk Oversight Report released by the Poole College of Management at NC State University, organizations…
Insights
Why Corporate Risk Management Training for Employees Is Important
The modern corporation operates in a dynamic environment where the biggest threats—from cyber breaches to supply chain disruption—can emerge from the smallest, least expected corners. The Problem: Strategic risk plans…
SOC 1 And SOC 2 Reports For Corporate Assurance And Risk Governance
Demands for Assurance Third party processing organizations (a.k.a., service organizations) spanning a variety of business sectors including healthcare, financial services, life science, technology, services and distribution are being requested by…
CYBERSECURITY RISKS FOR SMALL BUSINESSES: HACKING & MALWARE CASE STUDY
We’ve reached a new low. News appearing in the Wall Street Journal that the surveillance system in a laundromat in Carbondale, Colorado, was infected with a strain of malicious software…
CORPORATE CULTURE & ENTERPRISE RISK MANAGEMENT
Culture Eats Strategy for Breakfast? Apparently, Peter Drucker wrote it…or may have just said it. Either way, if Drucker were alive today, I would be curious how he would comment…
WILL SEC’s PROPOSED ESG DISCLOSURE BECOME SOX 2.0?
The landscape of climate disclosure for businesses in the United States has become more complex in recent months. While the Securities and Exchange Commission (SEC) recently adopted final rules standardizing…
Silicon Valley Bank Crisis: ERM in Banking and Any Other Industry
Much has been written, and much more will be written about Silicon Valley Bank and its rapid demise over the past several weeks for perhaps the next several months or…
Higher Education Risk Assessment Helps To Increase Debt Capacity By 66.67%
Client: Liberal Arts University Higher Education – Private, liberal-arts university $250 million net revenue, mid-Atlantic, private Situation While the University President and senior leadership team supported the need for risk…
MITIGATING THE RISKS OF QUIET QUITTING CULTURE THROUGH AN ERM PROGRAM
The Great Resignation has given rise to another new term, “Quiet Quitting.” Quiet quitting refers to an employee who has chosen not to resign, but rather become less psychologically invested…
Establishing Trust with Clients Over Zoom – a new four-letter word
Honing the skills to perform insightful and action-able enterprise risk assessments have taken me years to perfect my craft. My skills were principally built upon one-on-one interviews with many fascinating…