What we’re reading this week from the world of risk management.
Corporate Compliance Insights: How the OCR’s New Guidance Rule Re-Examines Ransomware
According to new guidance from the Department of Health and Human Service’s Office for Civil Rights (OCR), released on July 11, 2016, there have been, on average, 4,000 ransomware attacks per day since early 2016. The OCR’s guidance also claims ransomware attacks constitute not only a “security incident,” but also a “breach.”
Internal Auditor: The Extraordinary Risk of Business Continuity Interruption
IA President Richard Chambers uses recent IT outages at Delta and British Airways to illustrate the importance of the need for updated disaster recovery or business continuity plans.
Norman Marks: Time for the Board to Take a Deep Dive Into Risk Management and Risks
Marks shares thoughts on how boards can better identify, understand, assess, and address risks to enterprise objectives.
Harvard Business Review: Excess Management Is Costing the U.S. $3 Trillion Per Year
How much employee time could you free up by automating the manual processes involved with risk management (spreadsheets, email, collating, etc.) “The goal, of course, isn’t to put 21.4 million people out of work, but to redeploy them into value-creating activities.”
Thomas Fox: Tribute to Star Trek and anti-corruption compliance programs
On the occasion of Star Trek’s 50th anniversary, a look at how the show can inform a best practice anti-bribery/anti-corruption compliance program.
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