The Risk Management Society (RIMS) held their annual 2019 Risk Management Conference from April 7 to 10 in Boston. This year I was honored to be selected to speak on the effects of the See-Through Economy, “How to Mitigate Reputational Risk.” The Risk Management Society holds one of the largest…

The banking industry is perceived as the most advanced in their understanding and implementation of risk management. Although banks have indeed made huge progress in risk management, two areas all banks can improve is the structure used in conducting their assessments to enable actionable and insightful strategic reporting. I’ve found…

Cybersecurity vulnerabilities are an increasing concern for every company in every industry. Year over year, data breaches increase by 75%. Why are they becoming more prevalent, and how can you protect your business? Before you can protect your company from a data breach, you have to understand why they’re occurring…

For the first time, reputation risk, organizational culture, and cybersecurity have all landed among the top five risks in the energy industry. How can energy companies tackle all of these risks without wasting time and money on additional resources? This year at my IRMI Energy Risk and Insurance Conference session…

Even a $1 trillion company cannot hide in the See-Through Economy. After a fourteen-year-old boy discovered a serious bug in Apple’s group FaceTime feature, his mother e-mailed, faxed, and tweeted the report to Apple. However, it wasn’t until after her tweet went viral that the bug was disabled. How could Apple have responded more efficiently and avoided this reputational risk? — Most Apple users are familiar with FaceTime, Apple’s video chatting software. The feature had recently been upgraded, so that users could loop multiple people into a group FaceTime. However, the feature has been disabled as a result of a major glitch discovered a few weeks ago by fourteen-year-old Grant Thompson…

Today the economy is strong and your business is doing well. But are you prepared for when this strength turns to weakness? Enterprise risk management has been proven to help companies survive a recession. While there is much debate over whether a recession is looming or not, the fact is…

Scandals, predictions, and insights, oh my! We’ve covered a lot of ground this year in the risk management world. But what were the topics people were buzzing about most? With over 50 blogs posted in 2018 alone, there was a lot to learn and even more you could have missed…

Last Friday, Marriott disclosed that the data of about 500 million guests had been exposed as a result of a hack that dates all the way back to 2014. In 2014, hackers exploited the reservation system of Starwood Hotels and Resorts, which was acquired by Marriott in 2016. The breach…

On Nov. 29, the LogicManager community arrived at Hotel Commonwealth in the historic Fenway district of Boston for sold-out IMPACT 2018. Every year, LogicManager hosts a customer conference where users of the ERM software can learn, share, and grow their risk management program to full maturity. Upon walking into…