I would like to remind all of us that we ought not to singularly rely on our experiences or the experiences of those around us/we depend on. Those dependencies include vendors, suppliers, consultants, and, yes, colleagues/workmates. Experience, singularly relied upon, can be a risk. According to Nobel prize-winning psychologist Daniel Kahneman: “In a rapidly changing world, the lessons of…
Today, we delve into the intriguing concept of the Goldilocks Rule. Do you have a Goldilocks limit, and are you aware of it? I think we should find out. The human brain loves a challenge, but only if it is within an optimal zone of difficulty. You will quickly become bored if you love tennis and try…
And the answer is…………..you decide… Twitter threatens trade secrets lawsuit over Meta’s Threads app. Alex Spiro, a lawyer for Twitter, accused Meta of engaging in “systemic, wilful and unlawful misappropriation of Twitter’s trade secrets and other intellectual property” in a letter addressed to Zuckerberg dated Wednesday. The letter claimed that Meta had hired “dozens” of…
Several US federal government agencies have been hit in a global cyberattack by Russian cybercriminals that exploits a vulnerability in widely used software, according to a top US cybersecurity agency. Aside from US government agencies, “several hundred” companies and organizations in the US could be affected by the hacking spree, (according to a CNN report). Since late last month,…
While the entirety of risk management is undoubtedly now more complicated, Insider Risk in particular continues to be one of the most difficult to detect and reduce. CISA defines insider threat as the threat that an insider will use their authorized access, intentionally or unintentionally, to do harm to the department’s mission, resources, personnel, facilities,…
The FTX failure has put a renewed emphasis on the value of an excellent deep dive into your people, processes, and systems (Operational Risk), And by the way, not deep dives as a post-mortem (after the risk impact) but as a “pre-mortem” (proactive and anticipatory). “These days, it is hard to know what due diligence…
Hey colleagues, This may be me venting or projecting, but I have penned this “thesis” for sharing, but I thought I will share it with you first. It is a first draft (pen to paper) and so I am not asking/expecting agreement, but in critiquing, please apply your risk knowledge/risk intelligence. And, yes, I feel very strongly…
Fellow colleagues, Please check the link below and share your thoughts/answers to my questions below.This is not meant to be controversial nor am I casting any aspersions and with the greatest respect to the speakers, why aren’t any CURRENT and practicing Operational or ERM risk professionals on the list of speakers, as best as I…
Can your lotus of control affect or influence your business decision-making capability? Locus of control describes the degree to which individuals perceive that outcomes result from their own behaviors, or from forces that are external to themselves. This produces a continuum with external control at one end and internal control at the other As the environment…
In early 2019 the World Economic Forum (WEF) in its annual Global Risk Report warned all of us that escalating divisions amongst our Major Nations meant that we were no longer collaborating on addressing the world’s most pressing threats. For this reason, the WEF warned that we were potentially “sleepwalking towards crisis”. However, a global pandemic…
