Understanding the psychology behind frauds committed and persons involved is an evolving subject. Can AI and ML help? Are there privacy and ethical issues involved in profiling behaviour of people or groups ?
Category: Enterprise Risks
Grow your business with Opportunity Analysis
Whether you are a start-up business or an established ongoing one, you need to proactively identify, assess and exploit opportunities in order to be successful in the long run. Structured opportunity analysis helps in objective decision making rather than ad-hoc measures.
The Risk of not acknowledging risks
Have you ever wondered about who takes risks? No – I am not talking about the stock market savvy operators or mutual fund investors who pride themselves on their ability to spot market trends and cover themselves intelligently. Every living being – consciously or unconsciously – is taking risks by the minute. Even animals in…
Ease of Doing Business in India
A perspective on the risks and challenges As most people are aware, India is a multi-cultural, multi-lingual society governed by a Federal system of governance – where the Central Government and several State Governments have their own jurisdiction and freedom in prescribing regulatory compliances. Shri K.V. Subramanian, Chief Economic Advisor to the Finance Ministry at…
Digital risks and Cyber risks -are they the same?
There are many definitions floating around digital risk management and cyber security risk management. The words “digital risks” and “cyber risks” are sometimes loosely used as synonyms by many. Here are my thoughts and perspectives on the understanding of these terms: Digital risks are those risks involved in adopting Digital initiatives or bringing in “digital…
Assessing Cyber security risks
Technology is permeating all aspects of business at an increasing rate. New ways of conducting business processes, – remote access, BYOD (bring your own device) and now WFH (work from home) – are bringing about an incredibly broad and diverse domain of cyber risks that are here to stay. An Enterprise Risk Management (ERM) program…
Assessing Business Resilience
Business resilience determines to a great extent whether a business can continue or not. The risk of failure to forecast and build business resilience to weather out a disaster is the most significant risk that could affect the continued existence of an organization. What is Business Continuity? Business continuity (BC) is defined as the capability…
Is your information really secure?
Cyber security risk management is no longer confined to solid firewalls and state of the art Virtual Private Networks. A video that recently caught my attention may make you re-think cyber security programs that you have (or intend to have). Have a look …. Video credit: CNA Insider. //spotyourrisks.com/admin/wp-content/uploads/2019/12/VID-20191223-WA0000.mp4 Here are factors that one should…
My take on IRM and GRC
The next buzzword after GRC (Governance, Risk and Compliance) is now IRM (Integrated Risk Management). (Not to be confused with another acronym “IRM” which denotes “Information Rights Management” which is a form of IT security technology for protecting access to sensitive documents and emails.) Why are we emphasizing so much on new acronyms and confuse…
A Primer on AI/ML/DL/NN etc.
Today, many of us non-technical people feel quite left out of conversations that are buzzing around in companies, social media, webinars, presentations, etc. Yes – I am talking about the most talked about acronyms – Artificial Intelligence (AI), Machine Learning (ML), Deep Learning (DL), Neural Networks (NN) and so on that also includes Big Data,…