Solving the Talent Crisis in the Risk Profession

This post first appeared on Risk Management Monitor. Read the original article. BOSTON—In a time when skills become obsolete much quicker than in previous eras and the professional landscape is rapidly evolving, businesses need to be more agile and adaptive. Companies with these characteristics tend to meet their clients’ expectations more effectively, have higher employee (more…)

Saint Joseph’s University Wins Spencer-RIMS Risk Management Challenge

This post first appeared on Risk Management Monitor. Read the original article. BOSTON—Students from Saint Joseph’s University won the Spencer-RIMS Risk Management Challenge at RIMS 2019. Comprising team members Joseph Angelina, Katherine Branson, Ashley Myers, Daniel Tan, and academic advisor Michael Angelina, the winners earned $4,000 for the risk management program they developed and presented (more…)

Understanding Insurance Coverage for Traveling Employees

This post first appeared on Risk Management Monitor. Read the original article. BOSTON—The odds of dying in a terrorist attack: 1 in 9.3 million. The odds of getting sick while traveling: 1 in 2. But both should concern companies sending their employees around the world for business, panelists Kathleen Ellis of CNA International, Erin Wilk (more…)

Q&A: 2019 Risk Manager of the Year Luke Figora

This post first appeared on Risk Management Monitor. Read the original article. Luke Figora, senior associate vice president and chief risk and compliance officer at Northwestern University, was named the RIMS 2019 Risk Manager of the Year today. With annual revenues of approximately $2.5 billion (reported in 2018) and nearly $700 million in sponsored research (more…)

Information Technology: Effective Practices Have Improved Agencies’ FITARA Implementation, Apr 29, 2019

This post first appeared on GAO Reports. Read the original article. What GAO Found Nine selected agencies (the Departments of Agriculture, Commerce, Health and Human Services, Homeland Security, Justice, and Veterans Affairs; the Agency for International Development; the National Aeronautics and Space Administration; and the General Services Administration) identified 12 practices that helped them to (more…)

Should Companies Ban USBs?

This post first appeared on Risk Management Monitor. Read the original article. Earlier this month, a Chinese woman was arrested after attempting to enter President Donald Trump’s Mar-a-Lago resort while in possession of a number of suspicious electronic devices, including a USB flash drive. Apparently, the drive contained code that allows malicious software to run (more…)

NCSA and NASDAQ Advise Risk Managers to Look ‘Beyond IT’ Following a Breach

This post first appeared on Risk Management Monitor. Read the original article. NEW YORK — “Incident Response and Recovery” was the theme of the National Cyber Security Alliance (NCSA) and Nasdaq Cybersecurity Summit on April 17. Security and risk professionals from the Department of Homeland Security (DHS) and various companies and organizations convened at the (more…)

How a Strong(er) SRM Program Could Have Helped Boeing

This post first appeared on Risk Management Monitor. Read the original article. A strategic risk management (SRM) program is designed to assist organizations in identifying, prioritizing, and planning for the strategic risks that could impair or destroy businesses and reduces the chances of these kinds of crises. And while hindsight is 20-20, an SRM program (more…)

Priority Open Recommendations: Office of Management and Budget, Apr 10, 2019

This post first appeared on GAO Reports. Read the original article. What GAO Found In April 2018, GAO identified 27 priority recommendations for the Office of Management and Budget (OMB). Since then, OMB has implemented 7 of those recommendations by, among other things, taking actions to help agencies reduce improper payments and the cost of (more…)