Risk Management

Image: As part of our occasional series of conversations with compliance executives, we caught up with Lee Augsburger, chief ethics and compliance officer at Prudential Financial and vice chairman of the newly established Global Insurance Chief Compliance Officers Forum. Inside, Augsburger talks about the objectives of the group and how it fills a void in the industry.

NopSec, a provider of vulnerability remediation solutions powered by advanced machine learning technology, has released version 3.4.7 of its Unified VRM platform. The platform empowers organizations to quickly find the vulnerabilities that present the most risk, focus on top threats, and fix potential exploitations through an integrated remediation workflow.

Socialware, a provider of social media risk management solutions for the enterprise, announced the availability of new brand protection and monitoring capabilities. Socialware’s Social Brand Protection solution allows firms to automatically discover, inventory, monitor and patrol its social media and web points-of-presence, providing marketers, risk management teams and legal counsel peace of mind that their brand is not being misrepresented on social. Details inside.

BrandProtect recently extended its enterprise-class cyber threat and reputational risk detection and mitigation platform to include robust social domain auditing, monitoring, activity analysis and threat detection. The BrandProtect cyber threat and reputational risk detection and mitigation platform delivers 24/7 brand and reputational risk monitoring across a comprehensive range of social media, blog, microblog, pasting and other websites, plus mobile app marketplaces worldwide. Details inside.

Randy Melby has been appointed risk assurance managing director in PwC’s Internal Audit practice. He joins PwC from BankUnited, where he served as chief risk officer. Details inside.

AvePoint, a software solutions provider, this week introduced the AvePoint Risk Intelligence System, enabling organizations to address the complete lifecycle of risk across the enterprise. ARIS extends risk identification to provide meaningful action to assessments, including quantifying, lowering, and monitoring instances. Details inside.

SWIFT has announced the addition of Peer Assessment to its Sanctions Testing service. SWIFT’s Sanctions Testing helps financial institutions optimize the performance of their transaction and customer screening systems by analyzing whether their systems are operating correctly and are able to detect illicit transactions or sanctioned customers. Details inside.

Netwrix, a provider of change and configuration auditing software, recently announced the release of Netwrix Effective Permissions Reporting Tool, a freeware solution designed to monitor privileged accounts by reporting on effective permissions in Active Directory and file shares. Details inside.

ComplianceBridge announced the release of its new TotalCompliance Compliance Risk, Audits, and Assessments Management solution. Designed by compliance officers, TotalCompliance automates the compliance risk assessment and management process, allowing you to create and manage a broad range of question sets; distribute them to organizations or appropriate individuals; and collect and organize information in real-time dashboards and reports. Details inside.

Image: Despite consensus that risk is a big deal—something companies should manage aggressively—recent academic research suggests that boardroom leaders focus on vastly different risks than compliance, audit, and risk executives do. “I wonder if there is a lack of understanding of the views of risk across the management team,” says Mark Beasley, a professor at North Carolina State. “The presumption may be that we are more on the same page than we really are.”