LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • Risk Management and Budget Planning: The Key to Good Forecasting Steven Minsky | Feb. 21, 2018 Here we are. February 2018. For many, February is a trying month. How well are those New Year’s resolutions holding up? Have the early-morning January gym visits started to fade? Are salads getting [...] The post Risk Management and Budget Planning: The Key to Good Forecasting appeared first on ERM ...

LogicManager, Inc.
LogicManager, Inc.
Page Design Update
LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • As I watch the Equifax scandal unfold, it becomes clear to me that many are at a loss of what to do, or even how to think about this data breach. The first reaction people have is centered on if they, their friends, or family were personally impacted. Rightfully so. For some advice on what… The post Equifax Data Breach: What Businesses Should Be Doing appeared first on ERM Software.

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • As the CEO of a risk management company, I think critically about data breaches all the time. Every day we are working to make sure our clients have the means to protect themselves, their customers, their employees, and their communities. We help them manage all kinds of risks: competition, goal achievement, vendors, regulation changes, and… The post Equifax Data Breach: How to Protect Yourself ap...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • Chipotle needs risk management rehab. In less than two years, the Mexican grill has changed CEOs twice in an effort to regain their once-held reputation as a beloved fast-food chain. A new CEO, however, isn’t the solution. Multiple cases of food-borne illness before, during, and since executive switch-ups have proven the restaurant needs to adopt… The post Hey, Chipotle, Can You Say Risk Managemen...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • 2017 presented a whirlwind of corporate scandals: United Airlines, Wells Fargo, Facebook, Uber, Chipotle, Equifax, WannaCry…the list goes on and on. Many of these companies suffered second and even third scandals when they failed to learn their lesson from the first. But for every company that’s suffered a failure in risk management, I believe there’s… The post 4 Predictions for Risk Management in...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • This September, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) published a much-anticipated update to their 2004 “Enterprise Risk Management—Integrated Framework,” a renowned and widely used risk management framework. We've compiled a list of actionable steps towards aligning with updates to the COSO 2017 framework complete with recommended eBooks. The post How to Use ...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • The hot water in which Uber has been simmering has just reached new thermal heights. Back in October 2016, hackers stole the personal data of 57 million customers and drivers containing their names, email addresses, phone numbers, and in the drivers’ cases, their driver’s license numbers. They finally disclosed the breach this month. Now, in… The post Uber Hack: A Company in Need of Risk Managemen...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • LogicManager recently hosted IMPACT 2017, our annual ERM conference where risk professionals gather to share their challenges, successes, and insights in the risk management industry. For two days, LogicManager users lead educational sessions on how they’ve made vast improvements to their various risk and governance programs, such as third-party risk management, compliance, audit, and more.… The p...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • Recently, Forrester Research published “GRC Vision 2017-2022: Customer Demands Escalate As Regulators Falter,” which explores the challenges GRC will inevitably face as it develops and the solution that enterprise risk management provides. We’ve broken this report down to reflect our key takeaway: Approaches to enterprise risk management must now consider the company’s consumer base, reputation,… ...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • Back in June, the U.S. Justice Department declined to prosecute Boston-based engineering firm CDM Smith on foreign bribery charges, despite learning that the company had in fact paid $1.18 million to officials in India. The firm paid the Indian National Highway Authority from 2011 to 2015 in exchange for contracts that resulted in about $4… The post The FCPA Pilot Program Guides Businesses Towards...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • In an increasingly transparent world, failures in risk management within the widespread and nearly instantaneous reach of media outlets ranging from Twitter to the Wall Street Journal have had destructive effects on companies like Uber and United Airlines. In the case of Uber, what started as an evidently ignored employee’s ‘incident report’ posted to a… The post How ERM Could Have Prevented the U...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • As I watch the Equifax scandal unfold, it becomes clear to me that many are at a loss of what to do, or even how to think about this data breach. The first reaction people have is centered on if they, their friends, or family were personally impacted. Rightfully so. For some advice on what… The post Equifax Data Breach: What Businesses Should Be Doing appeared first on ERM Software.

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • As the CEO of a risk management company, I think critically about data breaches all the time. Every day we are working to make sure our clients have the means to protect themselves, their customers, their employees, and their communities. We help them manage all kinds of risks: competition, goal achievement, vendors, regulation changes, and… The post Equifax Data Breach: How to Protect Yourself ap...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • On September 7, big-three credit reporting company Equifax reported[i] that hackers gained access to the personal information of about 143 million U.S. consumers. This scandal will be bigger than the Wells Fargo, BP, Chipotle, Volkswagen and Bernie Madoff scandals combined. The Equifax breach is unprecedented in both quantity and quality. It is second to none… The post Equifax Data Breach: The Poi...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • In less than 9 months, the General Data Protection Regulation (GDPR), the most important change in data privacy in 20 years, will take effect on May 25, 2018. The GDPR is a regulation by which the European Parliament, the Council of the European Union and the European Commission intend to strengthen and standardize personal data… The post How to Achieve GDPR Cybersecurity Compliance with ERM Softw...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • The blows keep on coming for Wells Fargo. Within a year of their cross-selling scandal, two more scandals have risen to the top of news headlines. In part one of this series, I set out to make good on a prediction I presented to business journalist L.A. Winokur. I predicted that after the dust settled… The post Wells Fargo Auto Loan Scandal: The Saga Continues (Part 2) appeared first on ERM Softwa...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • In a recent interview I had with business journalist L.A. Winokur regarding the Wells Fargo cross-selling scandal, I made a prediction: “Once the dust of this scandal settles, perhaps in two or three years, Wells Fargo will remain vulnerable in other areas of its operations to risk management failures.” Low and behold, the only part… The post Wells Fargo Data Breach: The Saga Continues (Part 1) ap...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • Kmart recently suffered another cyber breach (the second in the past few years) that echoes events affecting companies including Wendy’s and Target. In this case, a wholly preventable weakness in the company’s POS system let through a malware attack, affecting an undetermined number of Kmart’s 735 domestic sites. Failure to recognize and mitigate the root… The post Kmart Cyber Breach: Another Fail...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • Breaches are preventable failures in risk management. A healthcare breach at Metro Community Provider Network (MCPN), a federally approved organization, led to a $400,000 penalty and a mandated correction plan. The Office for Civil Rights (OCR) levied the penalty; the cause of the breach has been cited as a failure to conduct “a timely and… The post Healthcare Breach and $400,000 Penalty Result Fr...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • At lunch recently, I opened my fortune cookie and found this message inside: “Any journey must begin with a single step, and you can be the one to take it.” That simple message inspired me to write this blog. Events taking place after the Trump administration withdrew from the Paris climate agreement have demonstrated there… The post Paris Climate Accord Outrage: What Can Be Done? appeared first o...

LogicManager, Inc.
LogicManager, Inc.
Blog Post
  • Strong organizational governance is a crucial component of sustainable operations, and is defined by the processes senior leadership follows when making and implementing strategic decisions. Without strong governance, it’s impossible to operationalize internal policies, decreasing efficiency, increasing the likelihood of compliance violations, and exposing the organization to unnecessary vulnerabi...

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