RISKONNECT BLOG
Welcome to Riskonnect, the place where risk and compliance professionals can find expert advice, practical tips, and useful information to do their jobs easier, faster, and and more effectively.
Three Ways GRC Software Can Help Turn Risk into Opportunity
A strong governance, risk, and compliance (GRC) solution gives risk managers the infrastructure to link risk with strategy, uncover new opportunities for taking calculated risks, and provide valuable and quick council to leadership. Having [...]
Five Pillars of Strong Third-Party Risk Management
Organizations today are interconnected networks of third-party suppliers that include not just your direct vendors, but your vendors’ vendors and even their vendors’ vendors. If you aren’t careful, a problem with any of [...]
Considering New GRC Software? Here’s What to Ask Before You Buy
Does GRC stand for governance, risk, and compliance -- or governance, risk, and confusion? In the software market, it’s too often the latter. With multiple technology options and no common definitions, knowing when [...]
Riskonnect CEO: Don’t Just Throw Money at Risks
As published in Corporate Risk and Insurance In a time fraught with world-changing risks, many businesses are naturally looking to upgrade their risk management capabilities. Increasing the budget allocated to risk management is [...]
Claims Trends Watch: A Look at the Numbers as the Pandemic Rages On
By: Deepak Varshney and Marina Mats While strict lockdowns have – for the most part – eased, the pandemic continues to disrupt businesses everywhere. Restaurants, travel, and theme parks have largely resumed operations, albeit [...]
Four Tips for Conducting Virtual Internal Audits During the Pandemic and Beyond
By Jim Wetekamp, CEO, Riskonnect, as published in Corporate Compliance Insights As the COVID-19 pandemic magnifies existing threats and constantly creates new risks for organizations to assess, business leaders are seeking added assurance [...]
Citigroup Slapped with $400 Million Fine Over Risk Failings
Global Risk Register, November 4, 2020 U.S. regulators have hit Citigroup with a $400 million fine because it failed to address long-standing deficiencies in its risk and control systems and has been told [...]
How to Protect Yourself from Third-Party Risk
Businesses everywhere leverage third parties to provide needed expertise or simply to get more done. While essential, outsourcing can also create vulnerabilities around data security, supply chain, compliance, financial viability, and more. Assessing and [...]
Four Ways the Risk Function Will Change Post COVID-19
By Jim Wetekamp, Chief Executive Officer, as published by GARP (Global Association of Risk Professionals) COVID-19 threw risk managers into the spotlight overnight – and they shined. Risk managers helped make business-critical decisions [...]
The 4 Common Mistakes When Making a Business Case for IRM and How to Avoid Them
Securing budget and resources for a successful integrated risk management program can be difficult. Even the most experienced and articulate risk leaders can have a hard time getting stakeholders to understand the value of [...]
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