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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. With strong Enterprise Risk Management (ERM), nearly 100% of all liabilities can be avoided. ERM fosters effective governance programs that identify and prevent system misconfigurations, poor patch management practices and weak password management.

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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. It’s crucial for companies to continuously evaluate and improve their cybersecurity strategies to mitigate risks and comply with legal and regulatory requirements.

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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. It’s crucial for companies to continuously evaluate and improve their cybersecurity strategies to mitigate risks and comply with legal and regulatory requirements.

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Customer Value Story: Prevention is Better Than Cure

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The pandemic has disrupted operating models of businesses across the globe. We have over 15 years of experience under our belt of helping customers avoid all sorts of risks and scandals. On top of these unknowns, there were also the uncertainties of the pandemic to account for. Could it result in a negligence lawsuit?

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Risk Assessment vs Risk Analysis

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Although people often use the words “assess” and “analyze” interchangeably, the terms are not synonymous in risk management. A risk assessment forms the backbone of your overall risk management plan. Risks are not always the fault of the business. What Is a Risk Assessment?