At the close of 2017, we looked back at all the lessons not learned in risk management (i.e. the abundance of corporate scandals) and wondered what 2018 would bring to ERM.
LogicManager CEO Steven Minsky coined the phrase the See-Through Economy to encapsulate the changes new technology like social media bring to the business world, and how risk management can help account for those changes. Many subsequent scandals have proven this trend true.
Another prediction Steven shared that became widespread was that while federal regulations dip, state regulations would spike. This prediction became especially poignant as consumers became visibly fed up with an onslaught of data breaches and called for increased regulations at the state level to protect their information and privacy.
Check out the other two major predictions Steven made that came true in 2018 and think about where you saw them manifest this year.