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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.

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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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Continuity Christmas Cleanup

Alternative Resiliency Services Corp

Organizations are putting a bookmark to 2019 and preparing for 2020. Last-minute Compliance items and Audit remediations. ​Your Business Continuity, Risk Management and related programs can get side-tracked during the holiday rush. Note that an Assessment is different from an Audit. Closing the books.

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5 Benefits of GRC for CISOs

Reciprocity

For example, “organizational risk leader” is one of three new roles ascribed to CISOs in a 2020 survey , along with “business leader” and “evangelist for the security program.” One 2020 survey found that 42 percent of CISOs had physical security duties added to their plates in the past three years.

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Internal Controls & Fraud Prevention

Reciprocity

According to PwC’s Global Economic Crime and Fraud Survey 2020 , 47 percent of U.S. Internal fraudsters might engage in fraudulent activity for years by taking advantage of their “trusted insider” status. lost per $1 of fraud in 2020 to $3.02 companies had experienced fraud in the previous 24 months.

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How to Navigate the Cybersecurity Minefield of Remote Work

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According to an INTERPOL report , between January and April 2020, there was a significant increase in malicious cyber activities attributed to the pandemic shift to WFH. A risk-based approach to cybersecurity involves several key steps: Risk Identification: Document all potential threats and vulnerabilities.

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How to Navigate the Cybersecurity Minefield of Remote Work

LogisManager

According to an INTERPOL report , between January and April 2020, there was a significant increase in malicious cyber activities attributed to the pandemic shift to WFH. A risk-based approach to cybersecurity involves several key steps: Risk Identification: Document all potential threats and vulnerabilities.