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Latest Pontifications & Thoughts . . .
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People and Policy: Building Compliance and Ethics into Your Company’s DNA
It’s not enough to have the right policies in place — you have to embed those policies into the fabric of your organization. In today’s fast-paced and interconnected business world, ensuring compliance and building an ethical corporate culture isn’t just a regulatory checkbox—it’s part of your organization’s DNA. Governance, Risk Management, and Compliance (GRC) has evolved from……
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Germany’s IDW PS 340 Auditing Standard: Understanding Risk Correlation
Risk management is an evolving discipline, especially in today’s interconnected world, where risks are no longer isolated. They often have cascading effects, where one risk can trigger or amplify others, leading to potentially significant consequences. This recognition is at the heart of Germany’s IDW PS 340 auditing standard, particularly emphasizing risk correlation—how risks are interrelated……
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The Titanic: A Case Study in Flawed Risk Management
How Poor Risk Management Sunk the Unsinkable, and Lessons Learned in Identifying Blind Spots in the Modern Threatscape The story of the Titanic is one of the most infamous disasters in history. Yet, beyond the tragic loss of life, it serves as a compelling analogy for understanding and managing risk in today’s business environment. The……
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A New Era: Embracing the Role of Digital Risk & Resilience
In the rapidly evolving landscape of governance, risk management, and compliance (GRC), information security is undergoing a significant transformation. This evolution reflects the growing complexity and interconnectedness of digital risks that organizations face today. As businesses become increasingly reliant on digital technologies, the traditional responsibilities of the CISO are expanding, giving rise to digital risk……
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Increased Demand for Evidence-Based Compliance: EU Surpasses the USA
For many years, the global compliance landscape was dominated by a checkbox-driven approach, primarily led by the United States. Compliance programs in the U.S. focused on prescriptive rules, and adherence to specific frameworks, and largely followed a formulaic pattern where ticking the correct boxes and maintaining records sufficed to meet regulatory requirements. At the heart……
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The Tunnel of Eupalinos: a Blueprint for Connecting Strategic and Operational Risk & Resilience
Risk management, when done effectively, is both an art and a science, requiring a careful balance of top-down strategic insight in the context of the organization’s objectives and bottom-up operational risk, control, and resilience. To understand this delicate alignment, let’s take inspiration from an ancient engineering marvel: the Tunnel of Eupalinos on the Greek island……
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Ethics, Compliance & Risk Culture in Denmark: A Model of Orderliness and Mindfulness
Denmark is often lauded for its high quality of life, progressive social policies, and exemplary governance. However, there is something more subtle yet profoundly impactful that one notices when visiting Denmark—a deep-seated culture of orderliness and mindfulness. This is not just about following rules; it’s about a collaborative accountability to ethical behavior, mutual respect, and……
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Beyond the Heatmap: Rethinking Risk Management for the Modern Age
In today’s rapidly evolving business landscape, risk management is no longer just about avoiding pitfalls—it’s about navigating the uncertain waters of opportunity and danger with agility and resilience. The modern approach to risk management is about mastering the art of navigating through an intricate web of opportunities and threats with both agility and resilience. This……
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Modernizing Policy Management: The Urgent Need for Automation
Effective policy management is critical to maintaining organizational integrity, compliance, and operational efficiency. Yet, many organizations remain trapped in outdated, manual processes that create a mess of confusion, inefficiency, and risk. The reliance on documents, spreadsheets, emails, and scattered policy portals, websites, and file shares not only hampers back-office functions responsible for managing policies but……
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Strengthening the Bonds of the Extended Enterprise: A Unified Approach to Third-Party Risk Management
In today’s interconnected world, the relationships that businesses forge with third parties are akin to friendships—built on trust, integrity, and resilience. Just as strong friendships require shared values, ethical behavior, and the ability to withstand challenges, so too do the relationships that businesses maintain with their vendors, suppliers, and partners. These relationships form the backbone……
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The Death of the CISO: A Eulogy & Reincarnation
I am sure this will be controversial, many love their role and title. First, some perspective . . . my career started in IT security. I cut my GRC teeth in IT security. My first imagination of a GRC platform came from leading an IT security, risk, and compliance consulting practice in the 1990s, which……
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Seven AI Samurai of GRC: Protecting the Organization
I love feudal Japan! After my love for medieval Europe is my love for feudal Japan. Perhaps they are on par with each other as both of these eras excite me. So when my sons asked me if I wanted to go see Akira Kurosawa’s 1954 classic, Seven Samurai, on the big screen here in……
