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.
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 [...]
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 you [...]
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 [...]
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 [...]
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 [...]
Struggling with SMCR Compliance? Here are 5 Ways Technology Can Help
Implementing the Senior Managers and Certification Regime (SMCR) has been a challenge for many organizations. Now there is the daunting prospect of contending with ongoing maintenance, including the annual assessment of the fitness and [...]
Get Your Compliance House in Order – Before Regulators Come Knocking
Citigroup recently was publicly rebuked by regulators – and fined $400 million – for failing to improve its hodgepodge of risk and compliance systems. And Citi is not alone in receiving this level [...]
Stanley Steemer Leverages Riskonnect to Accelerate Growth
Challenge Stanley Steemer was offered the opportunity to significantly expand its service portfolio and add a new revenue stream – but that meant the company first had to significantly upgrade the way it [...]
Out with the Old: The Future of Risk Management is IRM
The ability to adapt to sudden, unexpected change is especially valuable in these days of COVID-19 – and risk management plays an integral role. Before the pandemic hit, many organizations were reluctant to move [...]
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