360factor Blog
How using Key Risk Indicators improves your Risk Management Process
Key Risk Indicators (KRIs) are critical predictors of negative events that can adversely impact your business. They monitor changes in the levels of risk exposure and contribute to the early warning signs that enable companies to repo...
5 Reasons Why You Should Automate Incident Management
Incident management plays a critical role in the ongoing success of any organization. This process allows businesses to identify, analyze and address problems as quickly as possible so that normal business operations may be restored i...
How Using Predictive Analytics with your Compliance Automation Solution Accelerates ROI
Webopedia tells us “Predictive analytics is the practice of extracting information from existing data sets in order to determine patterns and predict future outcomes and trends.” But it “does not tell you what will happen in th...
High Operational Risk = High Insurance Premiums
In its latest Sigma study, titled "Insuring Ever-Evolving Commercial Risks," overall, premiums for companies across nine industries in 2014 for liability coverage averaged $1.75 per every $1,000 in revenue. That was more than any othe...
Obama for 3000 new Regulations for 2016 – On top of 3300 issued in 2015
“I plan on doing everything I can with every minute of every day that I have left as president,” Pres. Obama said at a December 2015 press conference. According to Office of Management and Budget’s most-recen...
Avoid Risks Through KYV or Know Your Vendors Phenomenon
I believe I have made up a new Acronym for Compliance, KYV – Know Your Vendors. The reason why knowing your vendors is important, is the associated Risks that they bring to your Financial Organization. From the Vendor that “wa...