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How a “PRACtical” Approach to Risk Management Will Aid COVID-19 Recovery Efforts

John Wheeler

As the recovery efforts fully take hold in 2021, a deep understanding of the integrated nature of risks associated with business operations will take center stage. A “PRACtical” Approach Provides a Balanced View of Risk. That leaves board members with significant blind spots across the other three objectives.

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What is GRC? The rising importance of governance, risk, and compliance

CIO Business Intelligence

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage.

Risk 96
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Automating Model Risk Compliance: Model Validation

DataRobot Blog

What are some steps that the modeler/validator must take to evaluate the model and ensure that it is a strong fit for its design objectives? Evaluating ML models for their conceptual soundness requires the validator to assess the quality of the model design and ensure it is fit for its business objective.

Risk 52
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Building cyber resiliency for your data with IBM FlashSystem

IBM Big Data Hub

To combat these ever-growing risks, the concept of cyber resiliency has gained significant importance. Our approach to cyber resiliency Risk assessment and strategy : IBM emphasizes the importance of conducting a thorough risk assessment to identify vulnerabilities and potential threats.

Risk 84
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How to build a successful procurement strategy

IBM Big Data Hub

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

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7 IT governance mistakes — and how to avoid them

CIO Business Intelligence

Governance should be designed with adaptability in mind to ensure IT remains in alignment with business objectives, continually providing value while effectively safeguarding the organization against potential risks, Bales says. Poor risk planning. Insufficient operational visibility.

IT 108
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Top 10 Elements for Developing a Strong Information Security Program

CDW Research Hub

Today’s digital risk and compliance profile requires developing an information security program based on a well-structured plan that includes people, processes and technologies, and focuses on the protection of information and information assets. Develop a security risk management program.