Next to controls, the single most effective way to prevent fraud is to create an environment that is fraud-resistant. It is possible to limit opportunities for fraud before they impact your organization by identifying unacceptable practices and advocating stringent consequences for offenders.
By Christopher Gardner Wed, Jan 13, 2021 @ 15:01 PM
With the current globalization of our news media climate aligned with the increased focus on corporations, the frequency of publicized whistle blowing is on the rise. Currently, if you do not have a whistle blowing policy in effect it is in your best interest to employ one immediately.
Whistle blowing policies have always been looked on with a rather ambivalent eye, but in recent years it has become imperative for corporations large and small, for profit and non-profit alike to institute them.
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By Rebecca Webb Wed, Jan 13, 2021 @ 14:01 PM
An average organization only uses 50% of their available data for decision-making. This is significant when you consider 70% of late adopters base their decisions on gut feeling or experience, while 60% of best-in-class companies use data analytics when making decisions.
Data is powerful when used to its full capability; by using all available data, an organization can establish a clear competitive advantage. Storing and regularly accessing relevant information will allow your organization to save time and money while drastically improving decision quality. Below are some of the key benefits that data utilization can have on your organization.
By Rebecca Webb Wed, Dec 30, 2020 @ 14:12 PM
Even though risk management is a relatively new area for organizations, dating back a few decades at the most, the systems and processes that risk managers use are often outdated and ineffective. This could be the reason your risk management team is having trouble producing actionable information and delivering on results: the system is damaging their efforts. If you have experienced any of the following 10 signs, it may be time to change how you manage risk.
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By Craig Rowe Wed, Dec 16, 2020 @ 17:12 PM
The risk involved with social media is not a new topic. In fact, we talked about it last year in our blog post Social Media Policy: Avoiding a Death-Blow! This is still a relevant topic; with the popularity of social media ever increasing, businesses must prepare for the risks that come along with the opportunities that social media provides.
I asked the LinkedIn community “How do you handle the risk of social media in your company?” With such a great response, I had to share the discussion. Here’s what several LinkedIn professionals had to say.
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