GRC

GRC Tuesdays: Why Cybersecurity Should be on Your Risk Map

According to many surveys, cybersecurity is now reaching the top of the list of concerns for boards of directors and executives, and this might be due to a recent change in behaviour.

From Cyber Vandals to Cyber Criminals

Previously, most cyber-attacks against corporations originated from hacktivists with the intent to compromise the operations of an organization by taking down its systems. (more…)

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GRC Tuesdays: Emerging Risks – Hic Sunt Dracones

Hic sunt dracones – or here be dragons – as inscribed on some historical maps for uncharted territories.

Even if today it’s believed that this was not a widespread term, as once believed, it still resonates in people’s imagination for unexplored areas that could hide terrifying threats. (more…)

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GRC Tuesdays: 3rd Party Risks? Treat Them Like Your Own, Because That’s What They Are!

No Man is an Island

In today’s economy, all companies operate in an increasingly complex network of actors that represent both a threat and an opportunity. As a result, 3rd party risk management is broader than pure supplier risk management. Yes, supplier risk is crucial as a disruption in your supply chain will in turn lead to a global disruption in your business. But 3rd party risk is much more than your suppliers – it’s your investors, distributors, counsels, advertisers… and of course your customers! (more…)

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GRC Tuesdays: Understanding the Silos in GRC: Systems of Evidence vs. Systems of Knowledge

Studies such as Managing Risk in an Age of Complexity continue to lament the issue of silos, as well as other problems, in GRC.

Audit maintains its own data and does not share. Risk information and control or compliance information exist in separate silos. It’s bad enough that most of the data is not shared, but worse yet, most GRC professionals neither care about nor understand their colleague’s data. In many cases, especially in larger companies, they don’t even know each other.

(more…)

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GRC Tuesdays: Do You Have CCMophobia?

Dictionary.com defines “phobia” as “a persistent, irrational fear of a specific object, activity, or situation that leads to a compelling desire to avoid it…” So my coined word “CCMophobia” would mean a persistent, irrational fear of continuous control monitoring (often abbreviated as “CCM” as I’ve done here). (more…)

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