Writing a book is on many people’s bucket list. I had it on mine many years ago and was blessed to be able to tick it off in 2011 with A Short Guide to Operational Risk. Now some 13 years later I get to tick it off again! This time with Risk Appetite for Dummies: Protecht Special Edition, with the wonderful help from my Protecht colleagues and my fellow author, Brett McLaughlin from ‘For Dummies ..read more

Imagine a scenario where the internet grinds to a halt for not just one organization but entire nations. This isn't a hypothetical situation; it's a reality that struck 13 African countries last month due to severed subsea communication cables. It’s an event you couldn’t predict – or could you ..read more

As organizations increasingly rely on sophisticated algorithms to guide everything from financial investments to operational efficiencies, the stakes for accuracy, reliability, and integrity of these models escalate exponentially ..read more

Staying ahead in risk management means continually questioning the adequacy of our tools and processes. We need to understand when our existing systems, perhaps cobbled together from spreadsheets and disparate software, or maybe just designed for a smaller and less complex business, no longer meet our organizations’ needs ..read more

Stepping into the role of a Chief Risk Officer (CRO) marks the beginning of a journey that is as rewarding as it is challenging ..read more

As the world comes together to celebrate International Women's Day 2024 under the theme Embrace Equity, we asked Kiran Pabial, Risk Manager at Mansfield Building Society and Hela Ebrahimi, Senior Risk Consultant at Protecht about their experiences in the risk industry. Here they describe the challenges and triumphs they've faced, from navigating workplace dynamics and breaking stereotypes to the personal and professional milestones that have defined their careers.  ..read more

A prospective customer recently asked us how we thought about enterprise risk management – in particular, whether our software took a top-down approach to ERM, or considered a more silo-first bottom-up approach. But why not both? Everyone is a risk manager, and we should enable everyone in the organization to contribute to effective risk management ..read more

The risk management landscape changed in 2023 due to rapid technological advancements and changing global dynamics. Key factors such as the growing impact of artificial intelligence and geopolitical uncertainties have presented both challenges and opportunities ..read more

Following last year’s sleigh ride through operational resilience, Santa’s Chief Operating Officer Mrs. Claus realized how many processes and resources were supported by vendors. While Santa set some of those arrangements with a wink and a nod, Mrs. Claus knew this wasn’t going to cut it – they needed to follow a vendor risk management (VRM) lifecycle ..read more

For any organization, the development and articulation of the risk appetite is crucial in order to define and guide the degree of freedom that its employees have in taking and accepting risk ..read more