Data Scalability Raises Considerable Risk Management Concerns

Smart Data Collective

The Relationship between Big Data and Risk Management. While the sophisticated Internet of Things can positively impact your business, it also carries a significant risk of data misuse. Tips for Improving Risk Management When Handling Big Data. Credit Management.

A “PRACtical” View of Emerging Risk Management Technologies

John Wheeler

Gartner’s “Hype Cycle for Risk Management, 2019” report was published almost a month ago and reader response has been overwhelmingly positive. Hype Cycle for Risk Management, 2019 Source: Gartner.

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How Big Data Analytics Improves Reputation Risk Management In Banking Sector

DataFloq

In the banking industry, trust is the largest bankable asset for any institution and its risk profiling happens to be the most volatile, complex, and regressional one among the non-systematic risks.

IRM Is Essential for Digital Transformation Success

John Wheeler

Last week, I had the distinct privilege to join my Gartner colleagues from our Risk Management Leadership Council in presenting the Q4 2018 Emerging Risk Report. We hosted more than 500 risk leaders across the globe in our exploration of the most critical risks.

Here’s Why IRM Solutions Are Superior to Archaic GRC Technology

John Wheeler

Gartner clients are consistently searching for ways to improve their risk management programs to deliver greater value to the enterprise. That’s why Gartner has been promoting integrated risk management (IRM) solutions for the past 4 years.

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4 IRM Market Trends Will Accelerate in COVID-19 Recovery

John Wheeler

Integrated Risk Management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. As more businesses are maturing their risk management practices, the buying center for IRM is shifting.

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Financial institutions can gain new AI model risk management capabilities with IBM Watson OpenScale

IBM Big Data Hub

However, AI models introduce new risks Many financial institutions are rapidly developing and adopting AI models. They’re using the models to achieve new competitive advantages such as being able to make faster and more successful underwriting decisions.

Why Technology Providers Now “Get IRM”

John Wheeler

This past week, I enjoyed meeting with over 1,000 attendees at our annual Gartner Security and Risk Management Conference in London. At the event, the overwhelming feedback received is that integrated risk management (IRM) is needed now more than ever.

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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. These end-user needs and resulting demand led to the definition of a new technology marketplace – integrated risk management (IRM).

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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.

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. One of the major trends receiving overwhelming attendee support is GRC (governance, risk and compliance) technology is quickly fading in use.

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Why Leading Software Vendors Are Dumping GRC for IRM

John Wheeler

One of the most common questions I receive from software vendors has to be “what’s the difference between governance, risk and compliance (GRC) and integrated risk management (IRM) solutions?” Also, read more about risk management topics in my latest Gartner research.

Top 10 Gartner Emerging Technologies Client Topics for 2019

John Wheeler

In addition to some of the likely topics such as blockchain and AI, we are also seeing great interest in how TSPs can offer better risk management and security capabilities.

GDPR Requires IRM For Fast and Effective Response

John Wheeler

This week, Gartner hosted its annual Security & Risk Management Summit in London and the buzz at the event centered on the new risks associated with the General Data Protection Regulation (GDPR).

Top Use Cases for Enterprise Architecture: Architect Everything

erwin

It helps model, manage and transform mission-critical value streams across industries, as well as identify sensitive information. The Regulatory Rationale for Integrating Data Management & Data Governance. Data security/risk management. Innovation management.

Digital Risk “Techquilibrium” Requires IRM

John Wheeler

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. Digital Risk Management – Gartner.

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Innovative IRM Solutions Disrupt Outdated GRC Market

John Wheeler

Gartner published its inaugural Magic Quadrant for Integrated Risk Management (IRM) several weeks ago and feedback from end-user customers has been overwhelmingly positive.

2 Success Factors Every Top IRM Tech Solution Must Deliver

John Wheeler

The same can occur for integrated risk management (IRM) technology customers. At the same time, IRM technology must ensure the objectives remain in alignment with the risk management goals of key stakeholders such as the board of directors, senior executives, regulators and investors.

What Ever Happened to GRC?

John Wheeler

In our ongoing coverage of Integrated Risk Management (IRM) technology and service providers, the relevance and frequency of client inquiry related to Governance, Risk & Compliance (GRC) continues to decline.

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Recent Cyber Attacks Demonstrate Why IRM is Critical for ERM Success

John Wheeler

So, how can these emerging risks be managed to limit the amount of business disruption? However, ERM programs are not as effective addressing risks at lower levels that can have an equally devastating impact.

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Are You Ready for Some IRM? Gartner’s 2018 Security & Risk Summit Events Span the Globe

John Wheeler

1) State of Risk Management, 2018 . Risk management continues to be an area of growing maturity and investment for most organizations, as the risk landscape becomes increasingly complex and interconnected. It’s that time of year again!

Risk 52

Blockchain And GDPR: Not Mutually Exclusive But Can Be A Toxic Blend

Martha Bennett

blockchain emerging technology GDPR risk managementDepending on who you listen to, the combination of GDPR and distributed ledger technology (DLT, AKA blockchain) is either a poisonous cocktail or a magic potion.

Data Governance Makes Data Security Less Scary

erwin

The Regulatory Rationale for Integrating Data Management & Data Governance. Data is a critical asset used to operate, manage and grow a business. So being prepared means you can minimize your risk exposure and the damage to your reputation. Happy Halloween!

Data is Risky Business: Group Think and the Man Behind the Curtain

TDAN

There have been a couple of different things converged in my media feeds that highlight a key issue that all data management professionals and leaders in information management need to be conscious of – Group Think.

Information Builders and Capital Markets Consulting Launch Global Partnership to Address Risk Management

Information Builders

Today at the 2015 CEB Financial Services Technology Summit, Information Builders, a leader in business intelligence ( BI ) and analytics, information integrity, and integration solutions, announced a global partnership with Capital Markets Consulting to help banks, investment managers, and regulators facilitate improved data analysis and enable better informed investment decisions, manage risk, and meet regulatory requirements

The Top Three Benefits of Enterprise Architecture

erwin

It provides a holistic, top down view of structure and systems, making it invaluable in managing the complexities of data-driven business. Following are what we believe to be the top three benefits of enterprise architecture: Manage complexity.

Using Strategic Data Governance to Manage GDPR/CCPA Complexity

erwin

In light of recent, high-profile data breaches, it’s past-time we re-examined strategic data governance and its role in managing regulatory requirements. Manage policies and rules.

7 Disastrous Cybersecurity Mistakes In A Big Data World

Smart Data Collective

Companies rely on data to deliver efficient services, but they also have to worry about cybersecurity risks. As big data leads to new cybersecurity risks , a growing number of managers are falling victim. It is a manager’s responsibility to look after this information.

Data Privacy Advocates Must Avoid GDPR Complacency at All Costs

Smart Data Collective

Consumers need to be aware of the risks and take appropriate measures. Data privacy risks remain a concern after the passage of the GDPR. However, there are still important privacy risks that consumers need to be aware of. Some of the biggest risks are listed below.

7 Advantages of Using Encryption Technology for Data Protection

Smart Data Collective

However, according to a 2018 North American report published by Shred-It, the majority of business leaders believe data breach risks are higher when people work remotely. Data breaches are becoming more common in today’s society.

Why Big Data Needs A Robust Off-Site Data Backup Method

Smart Data Collective

Insight notes that in 2016, the most significant challenges businesses faced were maintaining their data performance and managing their extensive data. Closer sites for data storage mean lower cost, but a higher risk to the company.

Data Savvy Hackers Enhance Password Vulnerability In 2019

Smart Data Collective

Big data is making a number of cybersecurity risks worse than ever. Today is a good day to rediscover that old account, and pick a new password to eliminate the risk. The simple rule to remember is this: There is no longer any such thing as a low-risk internet account.

Data Governance Framework: Three Steps to Successful & Sustainable Implementation

erwin

In most cases, a new data governance framework requires people – those in IT and across the business, including risk management and information security – to change how they work.

AI Advances Minimize Risk of Site Accessibility Lawsuits in eCommerce

Smart Data Collective

Now, a new benefit of AI is joining the list: avoiding the risk of website accessibility lawsuits. The post AI Advances Minimize Risk of Site Accessibility Lawsuits in eCommerce appeared first on SmartData Collective. AI has become an important factor in the ecommerce industry.

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AI the Perfect Solution to the Identity Fraud Epidemic

Smart Data Collective

AI analyzes your past behaviors and uses that information to assess the risk of the current transaction you’re trying to make. It also makes your AI smarter as they use that information, they just processed to successfully decline customers that may be high-risk.

4 Ways Big Data Has Made Bluetooth A Terrifying Security Risk

Smart Data Collective

On the other hand, big data has created a number of security risks that they need to be aware of, especially with brands leveraging Hadoop technology. Big data has created a number of security risks for Bluetooth users. Bluetooth Security Risks in the Age of Big Data.

Risk 83

Improving Big Data Analytics To Address Cybersecurity Challenges

Smart Data Collective

Big Data Data Management Privacy Risk Management SmartData Collective Exclusive big data cybersecurity cybersecurity challenges cybersecurity threats improving big dataAdvances in mass storage and mobile computing brought about the phenomenon we now know as “big data.”

Managing mortgage risk in an uncertain world

Cloudera

The trouble is, mortgage lenders persist in relying on historical macro-economic assumptions in their models so they risk repeating the errors of a decade ago when banks – and their regulators – failed to recognize the warning signs from a far richer source: low-level micro-economic data. They also fail to model the effects of fear and the risk of contagion. Risk management 3.0. Machine Learning Mortgage Risk Management

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Tips for a Data Backup Plan

TDAN

If you are targeted by a criminal online, then you risk losing everything— from your essential data to your reputation. Cyber-attacks are a huge problem for today’s businesses. The average cost of a global data breach cost has increased in 2019 and is now $3.92 million. That means that any breach could bankrupt your business. […].

What Cyber Criminals Can Do With Your Metadata

Smart Data Collective

When that happens, tens of thousands of people are put at risk for identity theft when their metadata is stolen. There are plenty of apps available for your computer and devices that will help you generate and manage your passwords. The risk of theft increases as technology continues to evolve. Best Practices Big Data Data Management Privacy Risk Management Security SmartData Collective Exclusive cyber criminals Cyber Security cybersecurity data security metadata

Top 7 Data Governance Blog Posts of 2018

erwin

Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. The driving factors behind data governance adoption vary.

Data analytics essentials for the COVID-19 crisis

Phocas

The COVID-19 pandemic puts risk management and disruption strategies under the spotlight as companies experience limited supply and others are battling cashflow shortages. For businesses who move and sell products, inventory management can be a never-ending battle.

Using Analytics for Better Decision-Making

DataFloq

Business analytics is allocating managers and executives to understand the dynamics to foresee market shifts of business and manage risks.