Cyber Risk, Digital Risk and The Digitalization of Risk Management

John Wheeler

However, for security and risk management professionals it can make a huge difference. Take for example the terms cyber risk, digital risk and the digitalization of risk management. Viewed together, the three terms represent key aspects of integrated risk management (IRM).

Risk 74

Mexico says cryptocurrencies are not money, warns of risks

DataFloq

on the risks inherent in the use of so-called 'virtual assets' as a means of exchange, as a store of. By Anthony Esposito and Abraham Gonzalez.

Risk 252
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Detecting Hidden Data Risks

The Data Administration Newsletter

Modern airplanes travel the world through all kinds of weather via the use of radar. Oxford Dictionary defines radar as “a system for detecting the presence, direction, distance and speed of an object.

Risk 52

Google risks Russia fine over personal data law - regulator

DataFloq

MOSCOW (Reuters) - Google risks being fined for not complying with personal data legislation in Russia, communications regulator Roskomnadzor said on Wednesday.

Risk 216

The Unexpected Cost of Data Copies

This paper will discuss why organizations frequently end up with multiple data copies and how a secure "no-copy" data strategy enabled by the Dremio data lake service can help reduce complexity, boost efficiency, and dramatically reduce costs.

Gartner Explores Tech Innovations in Integrated Risk Management

John Wheeler

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. With an integrated risk view, Gartner advises the use of RiskTech to identify material operational risks.

Managing risk in machine learning

O'Reilly on Data

The Future of Privacy Forum and Immuta recently released a report with some great suggestions on how one might approach machine learning projects with risk management in mind: When you’re working on a machine learning project, you need to employ a mix of data engineers, data scientists, and domain experts. Continue reading Managing risk in machine learning Considerations for a world where ML models are becoming mission critical.

Risk 203

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. In this year’s report, we highlight the need for a “PRACtical” view of risk management technologies to fuel digital business growth. Hype Cycle for Risk Management, 2019 Source: Gartner. Risk management continues to mature and is offering a more practical approach to CEOs looking to improve.

Optimizing Risk and Exposure Management – Roundtable Highlights

Cloudera

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business.

Risk 70

Digital Risk is Primary Focus for Corporate Boards in 2020 & Beyond

John Wheeler

Digital risk continues to grow in importance for corporate boards as they recognize the critical nature of digital business transformation today. Not only that, but 49% of directors cite the need to reduce legal, compliance and reputation risk related to digital investments.

Risk 85

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. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner. However, in the pursuit of techquilibrium, organizations must take their risk analysis a step further to the strategic view.

Risk 48

Why “Build or Buy?” Is the Wrong Question for Analytics

Sen. Warren warns of cryptocurrency risks, presses SEC on oversight authority

DataFloq

Senator Elizabeth Warren on Thursday warned of the growing risks posed to consumers and financial markets by the "highly opaque and volatile" cryptocurrency market and blasted its lack of regulation as unsustainable. By Andrea Shalal. WASHINGTON (Reuters) - U.S.

Risk 215

Can We Reduce the Risks of Artificial Intelligence?

The Data Administration Newsletter

Some of the risks are relevant today, while others represent future concerns. Artificial intelligence (AI) is already in place with applications in areas such as medicine, automobile, education, communication infrastructure, and more.

Risk 52

A New Era for Global Risk

Corinium

Disasters drive innovation in the insurance industry. Business Intelligence

Risk 163

U.S. regulators signal stronger risk, tax oversight for cryptocurrencies

DataFloq

Federal Reserve chief Jerome Powell turned up the heat on cryptocurrencies on Thursday, saying they pose risks to financial stability, and indicating that greater regulation of the increasingly popular electronic currency may be warranted. By Howard Schneider and David Lawder.

Risk 151

El Salvador bitcoin move opens banks to money laundering, terrorism financing risks -Fitch

DataFloq

(Reuters) - El Salvador's law making bitcoin legal tender means banks face higher risks, including of violating rules against money laundering and terrorism financing, rating agency Fitch said in a report on Friday.

5 Early Indicators Your Embedded Analytics Will Fail

that you’re at risk for an analytics emergency. teams risk falling straight off it. requests, you risk unhappy customers and skyrocketing. And ignoring the warning signs means you risk losing. Updating your application’s dashboards and reporting features.

Deepfakes Security Risks

KDnuggets

Deepfakes have instilled panic in experts since they first emerged in 2017. Microsoft and Facebook have recently announced a contest to identify deepfakes more efficiently. 2020 Jan Opinions AI Deep Fakes Security

Risk 80

Connected And Autonomous Vehicles: A Privilege Or A Cyber-Risk?

DataFloq

One thing we continue to hear again and again in regards to coming technological advancements relates to the benefits of connected and autonomous vehicles and how they will drastically improve our way of life.

Risk 266

Practical Points from the DGPO: An Introduction to Information Risk Management

The Data Administration Newsletter

Individuals are starting to pay attention to organizational vulnerabilities that compound risks associated with managing, protecting, and enabling access […].

Strata San Francisco, 2019: Opportunities and Risks

O'Reilly on Data

Balancing risk and reward is a necessary tension we'll need to understand as we continue our journey into the age of data. But those opportunities were balanced against risksrisks that loom large as we discover more powerful ways to apply data using machine learning and artificial intelligence. What about the risks? The risks of a hostile, militarized network are real. Continue reading Strata San Francisco, 2019: Opportunities and Risks

Risk 136

How to Package and Price Embedded Analytics

for all your users, you risk upsetting customers who don’t care about and may never. unnecessary risk and results in incorrect (and sometimes dangerous) decisions. for an add-on product or capability and risk leaving potential revenue on the table.

Risks and Necessary Precautions Regarding Employee Data Leaks

Smart Data Collective

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high.

Risk 59

Understanding the Benefits And Risks Of Relying on AI

Smart Data Collective

Let’s talk about some benefits and risks of artificial intelligence. Risks of Artificial Intelligence: Unsustainability. The post Understanding the Benefits And Risks Of Relying on AI appeared first on SmartData Collective.

Risk 76

Documenting and Managing Governance, Risk and Compliance with Business Process

erwin

Managing an organization’s governance, risk and compliance (GRC) via its enterprise and business architectures means managing them against business processes (BP). Governance, risk and compliance are treated as isolated bubbles.

Risk 56

Hands-On Introduction to creditR: An Amazing R Package to Enhance Credit Risk Scoring and Validation

Analytics Vidhya

The post Hands-On Introduction to creditR: An Amazing R Package to Enhance Credit Risk Scoring and Validation appeared first on Analytics Vidhya. Data Science Machine Learning R Credit Risk data science machine learningIntroduction Machine learning is disrupting multiple and diverse industries right now. One of the biggest industries to be impacted – finance. Functions like fraud.

Risk 179

Testing at Every Stage of Development

Up to 80% of new products fail. The reality is harsh and the reasons why are endless. Perhaps the new product couldn’t oust a customer favorite. Maybe it looked great but was too hard to use. Or, despite being a superior product, the go-to-market strategy failed. There’s always a risk when building a new product, but you can hedge your bets by understanding exactly what your customers' expectations truly are at every step of the development process.

Taiwan's TSMC to work in separate teams to minimise COVID-19 risk

DataFloq

TAIPEI (Reuters) -Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Monday that from May 19 it will start to operate in separate teams to minimise the risk of COVID-19 infections, after a spike in domestic cases in Taiwan.

Risk 187

Analysis: Robinhood CEO's U.S. lawmaker grilling spotlights broker's hidden risks

DataFloq

By Michelle Price and Anna Irrera.

Risk 145

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.

Building Tax Planning into Enterprise Risk Management Strategies

Insight Software

A study published in the Journal of Management Accounting Research found a clear link between board risk oversight and more effective tax-planning practices. Take Responsibility for Risk Oversight. Engage in Risk-Monitoring Activities on a Regular and Systematic Basis.

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Cloud-Based Supply Chain Risk Management Is Key To A Company’s Future

Smart Data Collective

It’s important to know how to protect your own firm from spend risk, supply chain disruption while enhancing the company’s ability to thrive. It’s difficult to mitigate supply chain risk in the best of times. Mitigate spend risk in real time.

How To Manage The Risks Within Enterprise Analytics

DataFloq

Today, organisations are becoming increasingly data-driven. Business users now have greater than ever access to data & analytics technologies so that they can obtain current insights on their KPIs.

Risk 203

The Hidden Risk of AI and Big Data

KDnuggets

2019 Sep Opinions AI Big Data Causation Correlation Overfitting RiskWith recent advances in AI being enabled through access to so much “Big Data” and cheap computing power, there is incredible momentum in the field. Can big data really deliver on all this hype, and what can go wrong?

Risk 84

Inflation-hedge, risk-on bet: What's behind bitcoin's 2020 rally?

DataFloq

RISK-ON TRADE. By Tom Wilson and Ritvik Carvalho. LONDON (Reuters) - Is it an inflation hedge? A currency? Or just another niche asset to take a punt on? Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally.

Risk 153

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Facebook removes hundreds of QAnon groups, citing public safety risks

DataFloq

The world's biggest social network, saying it was expanding its policy on perceived risks to public safety, also imposed restrictions on the remaining 1,950 public and private QAnon groups it could find. By Joseph Menn.

Risk 170

GRC 20/20 Hindsight No Longer Effective in a Post COVID-19 World

John Wheeler

Now that we are recovering from the COVID-19 pandemic crisis, our clients are now looking forward to deploy new ways of managing risk. They can no longer look to the past as an exclusive indicator of what risks may lie ahead. Technology Outlook for Integrated Risk Management.

Spot Supply Chain Risk with Data Mastering

Tamr

Warren Buffett, the world’s most famous investor, has a great quote about managing risk. “It’s This is prudent investment advice – but it’s also a great lesson for today’s supply chain leaders about risk exposure.

Risk 77

Look Out for Risks in Open Banking!

Teradata

Open Banking is re-shaping the landscape of financial services and introducing new types of risks extending beyond data security. Secure open banking is everyone’s responsibility

Risk 56

Add User Tests to Your Agile Process: Reduce Risk in Shipping New Products

Agile has become the go-to methodology for companies that want to reduce the risk involved in shipping new products. But how do you prevent building items nobody wants? If you wait to get user feedback until after development, then you’ve waited too long.