Risk management tends to get a bad rap. It is often associated with regulatory compliance, red tape, and legal restrictions and viewed as a required step that slows progress and inhibits creativity. Unlike risk, innovation tends to be associated with words like “modern,” “digital,” “progressive,” and...
In our last post, we discussed the importance of establishing a strong cybersecurity culture to address the non-technological side of data risk because an overwhelming majority of breaches involve the human element. Now, it’s time to take action to build that culture. Cybersecurity expert Kai Roer...
The threat of a cyberattack is a growing concern for companies across the globe, as cybercrime damage is expected to be $6 trillion annually across the globe by 2021, up from $3 trillion in 2015. In fact, 87 percent of respondents to a recent survey...
GRC is the well-known acronym for Governance, Risk, and Compliance – common strategies and processes in place across most businesses today. However, it’s increasingly common for GRC to refer to the technology solutions that automate risk management and compliance programs. In other words: GRC is...
The deadline for GDPR compliance is rapidly approaching, and although the regulation currently only applies to businesses that handle the data of EU citizens, its impact is sure to be far-reaching. While the immediate priority is to mitigate risk associated with non-compliance, GDPR – and...
On May 15, Navigate partnered with the Department of Risk, Insurance, and Healthcare Management at Temple University’s Fox School of Business to host the university’s first-ever Enterprise Risk Management (ERM) conference. More than 90 risk management professionals from the Greater Philadelphia region were in attendance....
On February 21, 2018, the Securities and Exchange Commission (SEC) released new guidance related to cybersecurity disclosures. This guidance reiterates and expands on existing guidance released in 2011 by the SEC Division of Corporation Finance. The SEC’s recent interpretive guidance defines disclosure requirements for public...
The Philadelphia Chapter of the National Association of Corporate Directors (NACD) provides educational programs for both board members and CEOs, focusing on the practical aspects of board service and the latest developments and best practices in corporate governance. One thing on the mind of almost every board member...
According to App Annie, a leading provider of app market data, the average consumer with a smartphone in the United States uses 30 unique applications per month, with around 90 total apps installed on their device. Does this ring true for you? And just think,...
The new year naturally acts as an inflection point in our lives: A time when we decide emphatically that the mistakes of yesterday are no more and from this moment forward we will (insert your New Year’s resolution here). Oftentimes, these resolutions are a way of forcing...
