Read Part 1 here.

High-Risk Products

As part of fierce competition, organizations are improving their products and services, including through innovative solutions. At the same time, without considering the compliance and money laundering risks associated with these decisions, it is highly likely that the organization may encounter problems caused by insufficient elaboration of a new product or service, which in turn will entail sanctions by the regulator or complaints and lawsuits by clients.

An innovative product can bring significant profit to an organization, which can exceed the size of potential fines, but it can also deprive the organization of a license and the ability to continue to work in the market if certain regulations aren’t followed during its production.

For example, the risks of trading cryptocurrency are mainly related to its volatility and anonymity. They are high risk and speculative, and it is important that you understand the risks before you start working with it. By the way, crimes associated with cryptocurrency accounted for more than $4 billion in…

Подробнее…

Read More…

The new branding and website from Cyturus highlight its unique Adaptive Risk Model (ARM), including its greatly expanded platform capabilities and features. In addition, Cyturus is also promoting The Cyber Risk Tracker (CRT), which enables users to continuously manage cyber risk while providing visibility to the executive suite.

Fremont, CA: Cyturus, a top-rated risk assessment firm, has partnered with Cyber Theory, a full- service cybersecurity marketing advisory firm, so as to introduce its bleeding-edge risk management platform to IT professionals tasked with managing cyber risk as well as keeping their organizations safe. Cyber Theory offers deep marketing expertise in the world of cybersecurity, providing a network of relationships encompassing all aspects of cybersecurity, in addition to the related fields of fraud, compliance, audit, and risk management.

The new branding and website from Cyturus highlight its unique Adaptive Risk Model (ARM), including its greatly expanded platform capabilities and features. In addition, Cyturus is also promoting The Cyber Risk Tracker (CRT), which enables users to continuously manage cyber risk while providing visibility to the…

Read More…

Executive Summary

The pandemic has wreaked havoc with health care systems’ surgical staffs. Some clinicians are fatigued and stressed, and many are out of practice. They are having to contend with large backlogs of procedures that were postponed. And they have to contend with the ongoing pandemic, with all its uncertainties. To keep surgical staffs and patients safe during these difficult times, health systems should take four steps: make risk visible; ensure that staffs are abiding by existing procedures and protocols and adopting new ones when the need arises; double down…

Read More…

Read More…

Banks have long faced an uphill task to accurately gauge the financial risks posed by climate change, pandemics and cyber attacks, and to put a dollar value on them for the purpose of capital planning. But while such risks have previously been treated as tail events, the coronavirus has made clear they can significantly affect the losses firms have to project as part of regulatory-mandated stress-testing.

“We’ve incorporated a lot of these risks into our scenarios from a CCAR [Comprehensive

Read More…

Read More…