An Increased Remote Workforce Calls for Increased Cybersecurity Protection

This post first appeared on Risk Management Magazine. Read the original article. More than ever before, companies of all sizes are allowing employees to work remotely. Unfortunately, telecommuting can potentially put companies at an increased risk of a cyberattack, particularly for organizations that are not fully prepared for this sudden change to a remote workforce. (more…)

2020 Annual Report: Additional Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Billions in Financial Benefits, May 19, 2020

This post first appeared on GAO Reports. Read the original article. What GAO Found GAO’s 2020 annual report identifies 168 new actions for Congress or executive branch agencies to improve the efficiency and effectiveness of government in 29 new mission areas and 10 existing areas. For example: The Department of Defense could potentially save hundreds (more…)

How to Leverage Risk Management to Influence Positive Business Outcomes

This post first appeared on Risk Management Monitor. Read the original article. Business strategy and risk management occupy separate spaces in most organizations. Business strategy sits at an enterprise or executive level, but risk management usually functions at a tactical and operational level. A chasm often exists between the two groups, removing important risk-based context (more…)

Export Controls: State and Commerce Should Improve Guidance and Outreach to Address University-Specific Compliance Issues, May 12, 2020

This post first appeared on GAO Reports. Read the original article. What GAO Found The Departments of State (State) and Commerce (Commerce) have each provided guidance and outreach to support exporters’ understanding of and compliance with their separate export control regulations. Exporters, including universities, are subject to these regulations if they ship export-controlled items overseas (more…)

Financial Services Firms Face New Cybersecurity Regulation

This post first appeared on Risk Management Magazine. Read the original article. The close of 2019 witnessed a significant development in data security law that impacts companies engaged in the trading of public securities, as well as those companies that provide services to such organizations. Nationwide, the regulation significantly impacts approximately 3,000 organizations, including banks, (more…)

Three Grand Challenges for Government

This post first appeared on IBM Business of Government. Read the original article. Tuesday, May 5, 2020 James-Christian Blockwood The COVID-19 Pandemic has introduced a level of uncertainty and cross-sectoral impact of trends rarely seen before….. My position in the U.S. Government Accountability Office (GAO), often called the “congressional watchdog,” affords me with a privileged, (more…)

Supply Chain Under Strain

This post first appeared on Risk Management Magazine. Read the original article. The COVID-19 pandemic has affected businesses in every sector around the world. Indeed, in early March, the Organization for Economic Cooperation and Development warned that the pandemic could cut global economic growth outlook in half. Many industries have been hit hard thus far, (more…)

Hard Times, Hard Market

This post first appeared on Risk Management Magazine. Read the original article. At the start of 2020, the biggest challenge for many risk professionals when it came to purchasing or renewing their insurance policies was navigating an increasingly hardening insurance market in which rates were increasing for almost all lines. And then the coronavirus pandemic (more…)

Fighting Coronavirus Phishing Scams

This post first appeared on Risk Management Magazine. Read the original article. Around the world, people are dealing with an endless volume of new information about the coronavirus outbreak. They are distracted, stressed and concerned about the well-being of family and friends, and many are making the disorienting shift to working remote, some increasing the (more…)