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What is Model Risk and Why Does it Matter?

DataRobot Blog

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. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111
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4 Reasons Why GRC Is a Useless Term

John Wheeler

It has been 5 years since Gartner embarked on the journey to enhance our coverage of the risk management technology marketplace. That journey included in-depth survey research and countless interactions with our end-user clients to understand their need to better manage strategic, operational and IT/cybersecurity risks.

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Vendor Security is Key to Preventing Future Data Breaches

Smart Data Collective

However, the Identity Theft Resource Center reports a 68% increase in data breaches at corporations in 2021, surpassing the previous record rise of 23% in 2017. As a result, third-party risk management (TPRM) has become a crucial aspect of enterprise risk management.

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How TCS is helping to fight financial crime with AI and Microsoft Cloud

CIO Business Intelligence

billion, a 436% increase over 2017 levels, according to McKinsey. Challenges for fraud risk management Fraud is a big and a worthwhile business for today’s online criminals, who troll the internet and insert data-stealing malware into vulnerable sites and mobile apps. The stakes for financial organizations are growing as well.

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GRC 2020: The Approaching Year of Final Demise

John Wheeler

Gartner kicked-off it’s global series of 2019 Security & Risk Management Summit Conferences last month in Washington, DC. It’s here where we receive direct feedback from both technology providers as well as end-users on emerging trends and technologies for security and risk management.

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Cropin’s agriculture industry cloud to provide apps, data frameworks

CIO Business Intelligence

Cropin Apps, as the name suggests, comprises applications that support global farming operations management, food safety measures, supply chain and “farm to fork” visibility, predictability and risk management, farmer enablement and engagement, advance seed R&D, production management, and multigenerational seed traceability.

B2B 105
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IRM Market Visionaries and Challengers Join Forces to Battle Leaders

John Wheeler

In the span of a week, the integrated risk management (IRM) technology market has experienced significant consolidation. Four vendors from Gartner’s inaugural 2018 IRM Magic Quadrant have joined forces to evolve their legacy governance, risk and compliance (GRC) offerings to better compete in the IRM market (see figure below).