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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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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

Unfortunately, there are often many weak links in the data security infrastructure, which can increase the risks of data breaches. 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.

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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. Source: Gartner.

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

CIO Business Intelligence

As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. billion, a 436% increase over 2017 levels, according to McKinsey. The stakes for financial organizations are growing as well. In 2021, U.S. fraud losses amounted to $5.9

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Sirius Breaks Top 50 on MSSP Alert’s Top 250 MSSPs List for 2020

CDW Research Hub

In Sirius’ first year participating in the MSSP Alert program, the company was recognized as a top 20% MSSP provider, further exemplifying how its proactive management solutions and services help enterprises mitigate security risks while improving overall operational efficiency and performance. About Sirius Managed Security Services.

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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).