Emerging Risks are Systemic

Teradata

Managing the new class of emerging risks requires infusing the principles of resiliency and efficient risk analytics into traditional risk management frameworks

Risk 74

Facebook risks meta flop, metaverse developers say

DataFloq

LONDON (Reuters) -Facebook risks missing the point of metaverse - and a coming shift in consumers' behaviour - if it fails to permit digital ownership, according to some of the virtual world's pioneers. (Corrects to fix literal in last paragraph). By Elizabeth Howcroft.

Risk 250
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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

Top 4 Emerging Technologies for Better Disaster Risk Management

DataFloq

Increasing urbanization and the nature-exploiting attitude of resource-hungry humankind exposed almost every region on the planet earth to disasters and climate risks. Emerging Technologies for Disaster Risk Management.

New Buyer's Guide for Supply Chain Network Design

Many companies are looking to redesign their supply chain network to lower costs, improve service levels and reduce risks in the new year. Check out our updated Buyer's Guide for Supply Chain Network Design Software with research insights and learnings!

SolarWinds investors allege board knew about cyber risks

DataFloq

Reuters) - SolarWinds Corp investors have sued the software company's directors, alleging they knew about and failed to monitor cybersecurity risks to the company ahead of a breach that created a vulnerability in thousands of its customers' systems. By Jody Godoy.

Risk 249

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 262

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 236

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 228

Gaussian Naive Bayes Algorithm for Credit Risk Modelling

Analytics Vidhya

Banks rapidly recognize the increased need for comprehensive credit risk […]. The post Gaussian Naive Bayes Algorithm for Credit Risk Modelling appeared first on Analytics Vidhya. This article was published as a part of the Data Science Blogathon.

Risk 197

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

Put Your Data to Work: The Complete Playbook

Turn your data into a competitive advantage. This playbook contains: Exclusive stats, research & insights on how the pandemic affected businesses. A comprehensive “Request For Proposal” (RFP) checklist and an interactive quiz to test your data knowledge.

CNN quits Facebook in Australia, citing defamation risk

DataFloq

By Byron Kaye. SYDNEY (Reuters) - CNN said it has stopped posting articles on Australian Facebook Inc pages, citing a court ruling that publishers are liable for defamation in public comments and the social media firm's refusal to help it disable comments in the country.

Risk 220

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

New rules needed to cover risks from cloud computing, says Bank of England

DataFloq

LONDON (Reuters) - New rules will be needed to deal with operational risks from banks relying on outsourced 'cloud' computing from Amazon, Google, Microsoft and others for providing services to customers, the Bank of England said on Friday. By Huw Jones.

Risk 239

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 251

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 222

Supply Chain Network Design: The Ultimate Use Cases eBook

Explore the most common use cases for network design and optimization software. This eBook shares how supply chain leaders leverage their supply chain design software to tackle a variety of challenges and questions.

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.

Risk Management Framework for AI/ML Models

KDnuggets

How sound risk management acts as a catalyst to building successful AI/ML models. KDnuggets Originals Machine Learning

Best Practices for Risk Assessment Reporting

CIO Business Intelligence

Managing risk is one of the top responsibilities of any leadership team. However, leaders can manage only the risks they know about. Effective leadership, it turns out, depends on risk reporting. This article focuses on the reporting of risk itself. Risk Management

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 95

Complimentary Gartner Report: Improve S&OP Decision Making with Scenario Planning

Traditionally, planning teams have aimed for one number, one plan. But with uncertainty on the rise, they need to build more flexibility into their process to account for changing business conditions. It’s time to shift gears and embrace variability with different scenarios.

Data Loss: Hazards, Risks and Strategies for Prevention

Smart Data Collective

Remote working has also created greater data security risks. Risk assessments. Enterprises must constantly review and address new risks and changes in protecting data. The program defines the categories of data priority from low-risk, to sensitive, to critical.

Risk 96

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 283

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 170

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.

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.

China plans to ban overseas IPOs for tech firms with data security risks -source

DataFloq

(Reuters) -China is framing rules to ban internet companies whose data poses potential security risks from listing outside the country, including in the United States, according to a person familiar with the matter.

Risk 236

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 251

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 242

Banks take steps to reduce potential cloud computing risks, Google survey

DataFloq

LONDON (Reuters) - Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris Poll and Google Cloud said on Thursday.

Risk 229

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.

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.

Risk 91

End-User Computing: Reducing Risk With Dataiku

Dataiku

However, what doesn’t get as much coverage is the significant amount of risk and opacity associated with EUC, such as: Dataiku Product Scaling AI Featured

Risk 56

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

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 83

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.

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 251

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.

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 95

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 229

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.