First coined by Bruce Schneier in his book Beyond Fear, the term "security theater" has entered the everyday lexicon to describe something that projects a facade of security without substantively ...

Risk management is the process of identifying, analyzing, and mitigating uncertainties and threats that can harm your company or organization. No business venture or organizational action can ...

If most midsize companies have a formal risk management process, why did so many fail even in pre-pandemic years? The problem is that risk heat maps — many companies’ primary tool for assessing risk — ...

Your risk and compliance functions are probably costing you more than they should. Not just in budget, but in drag. When your functions are siloed, they create redundant work, blind spots and a bad ...

Navigating the intricacies of compliance and risk management can seem overwhelming for businesses, especially those operating in heavily regulated industries. The rules are complex and the stakes are ...

Since the early 2000s, several industry and government agencies have expanded their compliance rules that address companies’ risk management plans, policies, and procedures. Image: What to Know: ...

Risk management is crucial for companies, especially during these times when the environment continues to be volatile, uncertain, complex and ambiguous (VUCA). Every company needs to be ready for any ...

In recent decades, companies worldwide have faced a new kind of risk, namely cyber risk, that has emerged as one of the top challenges in risk management. Insurance has only recently been applied to ...

In a new study, University of Rhode Island Ph.D. graduate Kyle McElroy and Marine Affairs Professor Austin Becker explore the role of data and biases, as well as the challenges and decision-making ...