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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

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In the corner office, fear of GenAI risk outweighs the lure of its promise

CIO Business Intelligence

The risk of material business incidents is increasing. Beneath the bluster of all things AI, leaders are centering on the conundrum of accelerating innovation while designing risk management frameworks for threats we cannot entirely predict but must anticipate. No longer can teams get away with simply responding faster.

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What the Digital Operational Resilience Act means for you

CIO Business Intelligence

But while there’s plenty of excitement and change underway, security risks and vulnerabilities have continued to follow right alongside that innovation. Management of ICT third-party risk : Tasks firms with ensuring any third-party vendor is aligned with its security and digital resilience capabilities. What is DORA?

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How to implement zero trust device security

CIO Business Intelligence

Issues related to data privacy and security have crossed the boundaries of risk management, and now have a tangible impact on workplace and consumer safety. Zero Trust principles are aimed at improving cybersecurity and have been mandated in the federal arena since 2022. That is where Zero Trust comes in.

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Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

In this webinar, you will learn how to: Outline popular change management models and processes. Practice change management process with ERM data. August 11, 2022 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm GMT Organize ERM strategy, operations, and data. Determine impact tangents.

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State of the CIO, 2022: Focus turns to IT fundamentals

CIO Business Intelligence

Source: State of the CIO, 2022. The pivot back to foundational IT work was reflected in CIO.com’s 2022 State of the CIO research , which surveyed 985 IT leaders and 250 line of business (LOB) participants. Source: State of the CIO, 2022. Source: State of the CIO, 2022. Source: State of the CIO, 2022. Credit: CIO.

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How Zero Trust can help align the CIO and CISO

CIO Business Intelligence

billion in 2022. Data Management: CIOs are focused on effectively managing and leveraging the massive amounts of data generated by digital businesses. Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes.