Many third-party risk-management efforts start with the goal of providing full visibility over a company’s universe of third-party relationships. The trouble is that many companies still don’t have a firm grasp on how to achieve that transparency, or even where to begin, exposing themselves to significant legal and compliance risks. “Companies often underestimate their universe […]
Risk Management
Posted inRisk Management
Social Media Requires Better Risk Management, Accenture Report Shows
Traditional risk management policies are not sufficient when it comes to handling the plethora of exposures posed by social media, a new report from Accenture Finance & Risk Services cautions. The Accenture report, “A Comprehensive Approach to Managing Social Media Risk and Compliance,” addresses the growing importance of social media to business and how business […]
Posted inRisk Management
Survey Finds Gap Between Worker Misclassification and Perception
A new survey by ICon Professional Services, a provider of contingent workforce management solutions, finds a significant gap between the actual financial risk posed by companies that misclassify their independent contractor workforce and how companies perceive that risk. According to the survey, 68 percent of more than 50 executives surveyed said they’re confident they would […]
Posted inBoards & Shareholders
NACD Offers Boards Advice on Sustainability Activities
The National Association of Corporate Directors has released a new handbook designed to help boards of directors and senior management understand their respective roles and expectations in enhancing organizational awareness when it comes to the risks and opportunities posed by environmental, social, and governance issues. “Sustainability awareness has to start with the board,” Carol Casazza, […]
Posted inRisk Management
BrandProtect Adds Advanced Mobile App Validation, Analysis Service
BrandProtect, a provider of social Internet risk detection and threat mitigation solutions, has extended its enterprise-class cyber threat and reputational risk detection and mitigation platform with the addition of advanced mobile app validation and rogue mobile app inspection and analysis. The BrandProtect cyber threat and reputational risk detection and mitigation platform delivers 24/7 brand and […]
Posted inRisk Management
Progressive Selects BAE Systems to Provide Fraud Detection
Progressive Insurance has selected BAE Systems Applied Intelligence to provide the insurance company with fraud protection. The NetReveal general insurance counter-fraud solution of BAE Systems Applied Intelligence will help to augment Progressive’s identification of claims fraud in the personal auto insurance sector. The service will be integrated into Progressive’s advanced internal systems and operations to […]
Posted inRisk Management
Getting a Grip on Strategic Risks
You might feel these days that you spend all your time struggling with compliance or financial reporting risks, but not really getting to the big risks that really matter. You might be right. At least, that’s one conclusion in the latest report from the Corporate Executive Board. Compliance officers would do well to read it, […]
Posted inRisk Management
Cortera Score Brings Clarity to Business Credit Risk
Cortera, a provider of business-to-business analytics and cloud-based risk management solutions, has announced the launch of Cortera Score, a predictive risk measurement tool that extends its Cortera Pulse service. The Cortera Score predicts a company’s future health and credit risk by drawing insights from trends in the company’s purchase behavior, payment history and business events. […]
Posted inRisk Management
Banks Receive Guidance on Human Trafficking Red Flags
Newly released guidance from the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) warns financial institutions about the warning signs and suspicious activities that may indicate human smuggling and trafficking and how to report those discoveries. “Financial institutions, large and small, can play a critical role in identifying and reporting transactions related to these unlawful activities […]
