At Digital BrainFest 2013, Infinitive Insight CEO Ray Vazquez moderated a lively panel discussion on risk management — Put Your Hands Up! Cyber War: Winning the Arms Race. Dr. Eric Cole, Founder, Secure Anchor Consulting and an industry-recognized security expert, discussed the changing face of cyber security and how attacks have shifted from disruptive and opportunistic to more targeted and data-focused. Continue reading
This recent Facebook post caught our eye and might give pause for thought when you uncork, or unscrew, tonight’s bottle of wine. Here’s our take:
A great example of an internal control is the cork. With a potential failure rate of 3-10 percent, why is it still chosen over the screw cap? Continue reading
A senior executive once told me that the goal for the head of operations was to achieve boredom. Boredom as in no big risks, no unpleasant surprises. This WSJ article enlightened me as to the depth of research into boredom. How does boredom impact your role as a risk professional? Continue reading
A thought occurred to me the other day while traveling. Right after I heard the announcement that “we will be landing shortly,” it dawned on me that most airline passengers would be very afraid if the pilot announced that “the autolanding system will be landing us shortly.” Many of us discuss the benefits of automated controls all the time, but somehow I found myself asking why do we have more comfort over a manual control landing an airplane than an automated control? Continue reading
The good news is that bank robberies are on the decline in the U.S., according to this report. The bad news is that Internet robberies (like all types of cyber crime) are way up.
Why are crooks heading online? Because that’s where the money is. Here’s our full take.
In the aftermath of Hurricane Sandy, our thoughts and prayers remain with all those who are suffering, including the many who lost homes or loved ones. Because of the extent of the damage and the historical nature of the storm, it has led many in the media to ask about preparedness for the future. Unfortunately, tragedies are the only time we begin to ask the tough questions. What could we have done to minimize the impact? And are we prepared for next time? Continue reading
Don’t look now, but here comes a very scary storm just in time for Halloween! As hurricane Sandy blows northward up the East Coast, an Arctic blast of a storm will come screaming across from the West. And when they meet – Boo! A very scary Frankenstorm!
From a risk perspective, this is the equivalent of a major security breach occurring at the same time as a major financial audit. Continue reading
The 2012 State of the CSO Survey highlights the ever evolving role of risk management in the C-suite and across operations. First the good news: 66% of respondents said their organization has placed more value or risk management in the last 12 months. Of course, given the huge range of risks – from threats to information security to the high costs of SOX compliance to malicious insiders – risk management should be growing in culture at closer to 100% of companies.
However, little more than half – only 56% — had formalized enterprise risk management process incorporating multiple types of risks. And 42% saw security budgets decrease. Not that higher budgets are automatically equivalent to effective ERM, but still …