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 71

Model Risk Management And the Role of Explainable Models(With Python Code)

Analytics Vidhya

The post Model Risk Management And the Role of Explainable Models(With Python Code) appeared first on Analytics Vidhya. Intermediate Machine Learning Python Structured Data Supervised Technique blogathon Model risk management

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

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 82

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.

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.

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 49

A New Era for Global Risk

Corinium

Disasters drive innovation in the insurance industry. Business Intelligence

Risk 163

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 170

Emerging Risk Identification for Personal Lines Insurance

bridgei2i

Case study: Emerging Risk Identification for Personal Lines Insurance. BRIDGEi2i developed an automated & interactive MIS system to analyze key emerging risks & their patterns using live feeds from social media and the latest medical journals.

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 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 193

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 Cybersecurity and Artificial Intelligence Combined Together Could Reduce Risk of Hacker Attacks

DataFloq

Your business needs to analyze countless time-varying signals if it will accurately calculate its cybersecurity risk. AI is reducing the breach risk and making it possible for enterprises to react faster and more effectively when a breach is in process.

Risk 167

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.

Britain's telcos face fines if they use suppliers deemed high-risk, like Huawei

DataFloq

The Telecommunications (Security) Bill will boost the security standards of the UK's telecoms networks and remove the threat of high-risk vendors, the government said.

Risk 182

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.

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. The application of big data to your organization’s risk management system ensures that you get a comprehensive system that will safeguard your data, revenue streams, and predict changes that may affect the growth of the company (either negatively or positively). Vendor Risk Management (VRM).

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. The post Managing mortgage risk in an uncertain world appeared first on Cloudera Blog.

Risk 78

Global democracy at risk from cyberattack 'onslaught': Microsoft president

DataFloq

LONDON (Reuters) - Democracies around the world are under a constant barrage of cyberattacks that must be identified, called out and stopped, Microsoft President Brad Smith told a gathering of security and defence officials on Wednesday.

Risk 161

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

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.

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 61

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. No matter what your thoughts or opinions concerning connected and autonomous vehicles, 2020 will see their continued rise and the imminent deployment of them is likely in the foreseeable future.

Risk 203

How To Manage The Risks Within Enterprise Analytics

DataFloq

By defining the roles & rights within the data, organisations can also control and restrict the data and reports access for individuals belonging to different functions, departments and hierarchy.How can organisations rightly position themselves to address the opportunities that arise from the emergence of self-service analytics & what are the risks that organisations need to avoid?The Today, organisations are becoming increasingly data-driven.

Risk 185

U.S. tightens exports to China's chipmaker SMIC, citing risk of military use

DataFloq

SHANGHAI/WASHINGTON (Reuters) - The United States has imposed restrictions on exports to China's biggest chip maker SMIC after concluding there is an "unacceptable risk" equipment supplied to it could be used for military purposes.

Risk 198

Serverless and Containers: How to Choose the Right Application Strategy

Speaker: Tolga Tarhan, Senior Vice President, GM AWS Services at Onica

When it comes to the modern tech stack, one of the fastest changing areas is around containers, serverless, and choosing the ideal path to cloud native computing. How do you as a technology leader point your team in the right direction, especially given how quickly this is evolving?

Open Source Security Risks and Vulnerabilities to Know in 2019

DataFloq

Despite the pros of open source projects, there are issues with security risks and code vulnerabilities when using components from such projects. This article informs you of some of the main open source security risks and vulnerabilities you should know about in 2019. One of the biggest security risks that still continues to plague commercial software development teams is the issue of remediating vulnerabilities too slowly after a fix has already been released. .

Risk 203

Britain says Huawei security failings pose long-term risk: govt report

DataFloq

LONDON (Reuters) - China's Huawei Technologies has failed to convince British security officials that the security risks of using its products in UK national infrastructure can be adequately managed, according to a government report released on Thursday. By Jack Stubbs.

Risk 177

Investing in Land: What are its Risk and Benefits?

Tre Pryor

However, … Continue reading "Investing in Land: What are its Risk and Benefits?". The post Investing in Land: What are its Risk and Benefits? You can find a lot of ways to generate money by investing in land.

Risk 63

The Fourth Industrial Revolution Risks Leaving Women Behind

Corinium

The Fourth Industrial Revolution is, ostensibly, upon us. The term was coined in 2016 by Klaus Schwab, the founder and executive chairman of the World Economic Form. Data Science Africa

Risk 150

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

Musk says Tesla to use new batteries, tech at Berlin factory; flags production risk

DataFloq

(Reuters) - Tesla Inc Chief Executive Elon Musk said on Wednesday the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a "significant production risk".

Risk 182

What Are the Ethical Risks of Your AI Project?

Dataiku

AI systems may cause unintended harms and their increasing adoption leads to additional risks and scrutiny. In this blog post, I present tools project teams can use to identify ethical concerns associated with their AI use cases.

Risk 69

Analysis: Stepped up Chinese scrutiny increases investment risk of 'Beast' Ant

DataFloq

The sharper regulatory focus over Ant's cash cow and rapidly growing consumer lending business to curb financial sector risk has emerged as a key concern for potential investors ahead of its likely $35 billion float, the world's largest. By Cheng Leng and Julie Zhu.

Risk 170

Exclusive: German draft IT security law strives for consensus on telecoms vendor risks

DataFloq

By Andreas Rinke. BERLIN (Reuters) - Germany would need to reach a consensus within government that a telecoms vendor poses a national security threat in order to exclude its equipment from national 5G networks, according to draft legislation reviewed by Reuters on Friday.

Risk 182

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.

Gartner’s Top 20 Emerging Technologies and Trends Topics for 2020

John Wheeler

As we look to 2021 and the anticipated global economic recovery , we see continued interest in topics related to emerging business risks, digital transformation and cybersecurity. As a result, integrated risk management (IRM) topped our list in 2020.

Risk 73

Zoom shares soar, Wall Street warns of risks when lockdowns ease

DataFloq

(Reuters) - Wall Street analysts raised price targets for Zoom Video Communications on Tuesday as its shares hit a record high, while warning that a return to office work could hamper its success in luring small corporate customers.

Risk 216

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. The past few weeks have revealed that most companies actually have a fairly poor understanding about their exposure to risk. This requires an accurate and trusted pipeline of data that can help answer critical questions to identify supply chain risk.

Risk 59

Streamlining the AI model risk management process

IBM Big Data Hub

But some AI models can add complexity and risk. You can minimize that risk and also streamline the process of model validation by using IBM Cloud Pak for Data , a data and AI platform that includes IBM Watson Studio, Watson Machine Learning, Watson OpenScale and other services Many financial firms are increasing their use of AI models because they can represent the real world more accurately, and they can deliver better projections than traditional, rule-based models.

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.