Byte Battles: The AI-Powered Cyber Showdown of 2024
In 2024's digital arena, AI reigns supreme, transforming cybersecurity into a high-stakes chess match. Ransomware demands skyrocket, phishing attacks surge, and IoT devices become battlegrounds. Organisations must embrace AI defences, zero-trust approaches, and cultivate a security-aware culture. In this cyber showdown, vigilance is key—may the smartest algorithms win.
Dangerous Data
Over the years, I have advocated vigorously for the use of facts and data when analysing and assessing risks, uncertainties and levers. I fully stand by this and will continue advocating for using data as well as I firmly believe there really is no such thing as “qualitative analysis”.
Heat Maps and Risk Management
Heatmaps are commonly used as reporting and discussion tools in risk management. However, there are two different types/categories of heatmaps, only one of which is useful.
Managing Legal Risks
The other day, I had a chat with a risk management consulting colleague who was working with and focusing on legal risks. He had trouble doing this well as he found that people with a legal background:
• Have limited or no insights into statistics
• Rarely, if ever, work with a spreadsheet
• Find it hard to quantify risks and opportunities
Leverage your ERM as a powerful Decision Tool
Many companies and organisations have an Enterprise Risk Management (ERM) program where they identify, evaluate and decide on action to take on key risks to the company/organisation. For some this is a very systematic and well documented approach using scientific methodologies etc. – for others it is a collection of managerial perceptions. In most all process, some decisions are taken, and the organisation believes it executes well on ERM.
Risk Appetite and Risk Tolerance
George Bernhard Shaw has been quoted to state that “The English and Americas are two fine people, separated by a shared language”. It appears the drive to increase confusion has not stopped yet. Personally, having English as my second language, I mentally like the ISO vocabulary better than the COSO – but I can easily live with either. So:
Dear ISO and COSO organisations. Get together and agree on terminology.
When Risk Maps become Risk Traps
Let us step back and consider the process of collecting risk information for the purpose of communicating to senior management and the Board about the most important threats to their organization (that they may or may not be currently aware of) with sufficient credibility to cause them to sponsor further action.
Environmental Scanning: Your Secret Weapon for Navigating Uncertainty
Environmental scanning is a strategic process that empowers risk professionals to anticipate risks and uncover opportunities by analysing internal and external factors. It enhances decision-making, fosters organisational agility, and ensures resilience in dynamic markets. Netflix’s transformation exemplifies its power, making it an indispensable tool for navigating uncertainty and driving sustainable success.
Risk Management: From Yawn to Yay! How Theory of Change Became the Life of the Boardroom
This blog post shows how Theory of Change and digital tools like TOCO and Changeroo make risk management engaging and collaborative. By visualising strategies, involving stakeholders, and keeping things creative, risk professionals can transform traditional processes into dynamic, effective, and even fun approaches to managing uncertainty
Supply Chain Survival: Strategies for a Resource-Scarce Future
Buckle up, supply chain maestros! In this resource-scarce rollercoaster, survival means embracing resilience, tech wizardry, and collaboration. Ditch the lean for the keen, harness AI's crystal ball, and buddy up with suppliers. It's time to turn scarcity into opportunity. Ready to evolve? Remember, in this game, it's adapt or perish!