risk management

Effective Risk Management Starts With Better Decision-Making

PHOTO: Vlad Sargu How can an organization ensure risk is appropriately considered in decision-making? As I have been saying for quite a while now, decision-making is where risk is taken. We want decision-makers to consider all the potential consequences of a decision (in fact, all the potential consequences for each option on the table) before making an informed and intelligent judgment. We...

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Internet Security Threats to Watch For in 2018

PHOTO: U.S. Department of Agriculture The number of cybersecurity incidents threatening our organizations is climbing at an alarming rate. Cybercriminals are growing more sophisticated in both the type of attacks they attempt and their ability to carry them out. The white hats, meanwhile, are scrambling to keep up. Despite continuing growth in cybersecurity spending, they seem to be losing ground. Last...

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Introducing Game Theory to Risk Management

Using game theory to aid decision making is a natural fit in the business environment. PHOTO: Sheila Sund The Cuban missile crisis is frequently cited as an example of the use of game theory. When the Kennedy government found the USSR had installed missiles in Cuba that were capable of hitting American cities with nuclear weapons, it faced a number of strategic decisions, each of which carried a...

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Identifying, Assessing and Evaluating Risk Is the Easy Part

Identifying and reacting to the initial risk is relatively easy. Taking into account all of the resulting risks this action creates is the hard part. PHOTO: Fleur Treurniet Knowing your risks is just the start. Acting, making informed decisions and taking the desired amount of the right risks, is the point of the spear. Once you have identified a risk, what are you going to do about it?...

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2017 Contributors of the Year: Joe Shepley

Joe Shepley has a way with a provocative headline. Case in point, "Will Office 365 Eat Your Lunch"? And while provocative headlines frequently lure readers in without delivering any substance, Shepley delivers. He draws on over 13 years of operational and technical experience to inform the opinions and prognostications he shares in his articles. Disagree with him? All the better, he's always up for debate in the comments.   Shepley...

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8 Biggest Risks for Internal Auditors in 2018

Internal auditors are at risk themselves if they fail to focus on the broader business's success PHOTO: Nicolas Cool What are the biggest risks for internal audit this and next year? That was the topic of an article written by consultants at corporate governance recruitment firm Barclay Simpson titled, "What are 6 of the biggest risks for internal auditors in 2018?" From the title it's unclear whether...

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