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.
The 5 Biggest Challenges to Effective Compliance Management
Compliance is complicated and expensive to manage – often made more so by the very tools and processes intended to get the job done. Otherwise capable compliance teams struggle with clunky, outgrown technology and inefficient processes. Indeed, 40% of compliance teams spend at least 4 hours per week creating and amending reports for the board. That’s a lot of time [...]
The NIST Privacy Framework: What is It and Why It Matters
Data privacy is a complex issue in today’s always-connected world. We want our privacy protected, yet willingly share all sorts of personal information in our quest to connect with friends, shop for products, [...]
What a High-Performing Compliance Process Looks Like
What differentiates a high-performing compliance process from the merely adequate? The unobstructed flow of information across all parts of the organization. Stand-out compliance programs give all authorized stakeholders access to the same high-quality, [...]
Dealing with reputational risk in the age of social media
Social media has added a layer of complexity and velocity to managing risk that was unthinkable not so many years ago. Social networks have provided the means for organizations to build a brand personality, [...]
Buried by a Black Chicken Avalanche
Overextension, Fragility, and the Cumulative Corrosion of Mediocre Risk Decisions “We reach death [in a] moment, but we have been a long time on the way.” - Seneca If Only They’d Had Risk [...]
Why Your RMIS Is Not Enough
More than 80% of risk managers rely on a RMIS to get a clear line of sight into insurable risk, drive new process efficiencies, and lower total cost of risk (TCOR). The insight and [...]
Using a Maturity Model to Assess Your Risk Management Program
By Norman Marks, CPA, CRMA Very few organizations have what I would call effective risk management systems: robust functions and processes that enable risk-aware decisions at every level to support the realization of [...]
CCPA and GDPR: How the Privacy Laws Stack Up
The California Consumer Privacy Act (CCPA) is often compared to Europe’s General Data Protection Regulation – but not every requirement matches up. Here’s how the two laws compare: Want more insight on CCPA compliance? [...]
Five Questions Every Risk and Compliance Leader Should Ask in 2020
The risk landscape is constantly changing, and risk and compliance managers always need to have a pulse on what’s happening. Understanding macro trends and where your industry and organization fits will help you prioritize [...]
Ready or Not: CCPA is Here!
The new year is here -- and with it comes the strictest data privacy law to hit the U.S. to date: The California Consumer Privacy Act (CCPA). Every organization needs to pay attention [...]
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