More years ago than I care to remember I built models for the evaluation of operational risk and the assessment of regulatory capital for Solvency II and Basel II. Working with brighter people than myself, we were tasked with defining…
Jack Welch has died. As a six sigma Master Black Belt and trainer I was fortunate to meet him. He took a simple concept based on process variation to improve performance, make change and deliver transformation. All those Green Belts,…
Does the Clearview hack identify more than just a stolen client list. Does it identify our fascination with facial recognition and biometric scanning in general. Government or corporate, friend or foe. View Original Post
Another question to help the risk debate. If you were sitting in front of the CEO of any company. What would be the top 5-10 cyber scenarios you would say are the ones they should worry about? Is there a…
The Security vs risk management debate. Cyber security is not about nuts, bolts and widgets, its fundamentally about managing risk. The risk to financial statements, which cyber attacks clearly demonstrate. The reason cyber security fails to land at the board…
Is the WEF correct in saying that cyber-risk should take center stage? The past month has seen the release of a number of reports from influential regulators and banks on cyber and their concerns on the impact of cyber attacks…
An important comment from the president of the European Central Bank (ECB), Christine Lagarde. Who has raised the concern of the impact of a cyber-attacks on market liquidity. Should a well orchestrated attack be aimed at major financial institutions. Which…
For those not familiar. The New York State Department of Financial Service (NYDFS) put into place a regulation known as 23 NYCRR 500. I believe it’s one of the first regulations to sit on a statute to prescriptively address cyber…
Is there an opportunity for the insurance industry to lead the way in cyber. The industry, to some degree, is in a privileged position, more so than the cyber service providers themselves. They deal with clients at every stage of…
Your brand is everything. It’s your image, name, reputation and ultimately it drives your cash flow. This study identifies reputation is increasingly omni-driven and most reputational crises are self-inflicted. The report identified that from global executives who reported that their…
