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Top 7 Risk Management Professionals to Follow on Social

Are you interested in learning about risk management and or expanding your social network? We already recommended 8 risk management blogs; today, here's 7 professionals with Twitter or LinkedIn profiles that you should be following!

Topics: risk management social media risk management influencers

The One Crucial Component for Risk Management Success

 

This is a guest post written by Carol Williams, founder and principal consultant of ERM Insights by Carol. Carol helps mid-sized organizations prioritize resources to focus on the biggest threats and opportunities. Grab her free ebook on how enterprise risk management is different from traditional risk management.

All successful endeavours that stand the test of time look at the big picture. History is replete with examples. If Henry Ford did not think about the big picture of mobility and production, would the iconic brand still be around today?

The same principle is true for initiatives within an organization – if you do not consider the big picture of how it will deliver value and achieve long-term goals, the effort has a higher risk of stagnation and even failure.

Topics: reputation risk ERM big picture risk management

Legality, Frequency, Severity... Why You Should Manage Cyber Risk Now

Last week, we presented 8 best practices for managing cyber risk. Now we're going to explain why it's so crucial to implement these strategies today. As technologies advance, risk teams are in a constant battle to protect their organizations against new threats. The most recent trend to gain attention is cyber risk. In a 2018 survey conducted by Risk.net, areas of cyber risk ranked #1 and #2 on a list of top ten operational risks.

Topics: cyber risks data privacy how to manage cyber risk

8 Best Practices for Managing Cyber Risk

There are three primary reasons all risk professionals should actively manage cyber risk: to comply with regulations, its frequency, and its severity. But what can be done about this problem? In a study by Accenture Insurance, only 43% of executives believed that their organization’s cyber defence was fully functional. Cyber risk is a difficult threat to manage as technology is constantly changing and there isn’t one clear cut solution. This list of strategies can be used individually or in tandem to reduce any organization’s cyber risk.

Topics: cyber risks data privacy how to manage cyber risk

Cloud vs. On-Premise Software?

 

This is a guest post by Sara Carter. Sara is a co-founder of the website Enlightened Digital, entrepreneur, and Bostonian.  While writing in the tech and business space, her goal is to explore how changes in the digital world affect business growth and professional development, especially for women.

There are many options and vendors when it comes to computing software. For example, there are application suites such as enterprise resource planning (ERP), customer relationship management (CRM) offerings, and collaboration and content management applications in the software as a service (SaaS) race. However, there are a few other decisions to be made when it comes to utilizing this type of software solution. Organizations can either look to cloud hosting services or they can maintain their on-premise system.

Topics: cloud computing benefits of cloud computing cloud vs in-house on-premise software

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