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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. However, the evidence was inconclusive so their strategy continued unchanged.

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What Is Risk Management?

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What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. What Is Risk Management?

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The Colonial Pipeline Hack: Failure in Risk Management

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Colonial Pipeline Hack: Failure in Risk Management. Risks for all business scandals, like the one at Colonial Pipeline, are always known months in advance, making the consequences preventable. With strong Enterprise Risk Management (ERM), nearly 100% of all liabilities can be avoided.

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Product’s Perspective: True Risk: Why External Vendor Ratings are Only Half the Picture

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From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works. Bonus Material: Free Risk Assessment Template.

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ISO 27001 Certification Requirements & Standards

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If using an ISO audit software tool to achieve ISO certification is on your compliance roadmap, here’s a quick primer to get you up to speed and jumpstart your ISO compliance efforts. The ISO 27001 family, published by the International Organization for Standardization, includes a set of standards for information security.

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How To Develop An ESG Strategy

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2021 Gartner® Magic Quadrant for IT Vendor Risk Management Tools in 2021 & Beyond? Now more than ever, socially conscious investors and regulators alike are evaluating organizations based on this criteria by evaluating their environmental friendliness, DEI initiatives, leadership transparency and more.

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How To Develop An ESG Strategy

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Now more than ever, socially conscious investors and regulators alike are evaluating organizations based on this criteria by evaluating their environmental friendliness, DEI initiatives, leadership transparency and more. Using Enterprise Risk Management (ERM) software to fuel your program helps you build what we call an “ ESG Bowtie.”.