Protect against ransomware with these best practices.

OCC Targets Cybersecurity and AML Deficiencies – ERM is the Answer

The OCC released its “Semiannual Risk Perspective” and, perhaps as anticipated, banks continue to struggle plugging gaps in information technology practices. Among the risks highlighted in the study, as reported by Joe Mont at Compliance Week: Evolving cyber-threats and information technology vulnerabilities require heightened awareness and appropriate controls. The high volumes and frequency of changes…

Details
Animas River after EPA Spill

ERM Report: the EPA Spill & Better Risk Assessments

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 3 million gallons of wastewater has the potential to cause health risks for humans and animals…

Details
realizing the inpact of unidentified risks and cybersecurity threats

Healthcare Organizations are Falling Behind, and ERM is the Solution

Healthcare organizations manage an almost unimaginable amount of sensitive data, and industry experts say they aren’t doing enough to protect it. For their 2015 Vendor Risk Management Benchmark Study, The Shared Assessments Program surveyed nearly 500 professionals for insight into risk management practices across various industries. The findings show that healthcare organizations come up short…

Details
cybersecurity defenses

Cybersecurity Attacks: Are you at Risk?

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 established organizations. In June 2015, Tony Scott, the CIO of the federal government, stated…

Details
COSO ERM framework update

How to Create a Successful ERM Program from the Ground Up

In 2015, Amair Saleem was named the Global Risk Management Professional of the Year by the Institute of Risk Management. Saleem manages safety, risks, and regulations for Dubai’s Roads and Transport Authority (RTA), which serves many of the same functions the U.S.’s DOT does. So what has made Saleem such a preeminent risk management expert?…

Details