Risk Management Do ERM and AI Play Nice? Oil and water, or peanut butter and jelly? Wait…that is the question? Sure, it may not be as timeless and eloquent a thought as William Shakespeare’s “to be or not to be?” But it is, undoubtedly, a loaded question for risk management professionals when it comes to the
Risk Management How to Create an ERM Report That Tells a Story Picture yourself, for a moment, back in kindergarten. You were just learning how to read with short sentences and lots of pictures. Over the years, throughout the rest of your school career and into adulthood, the stories evolved from two and three-word sentences accompanied by lots of illustrations to long
Risk Management The Domino Effect: Third-Party Vendor Data Breaches It’s a beautiful day outside. The sun is shining. The birds are singing. The breeze feels nice. But then you get the dreadful news…one of your vendors had a data breach. And since your vendor had a data breach, that means it could affect your credit union, which
Risk Management Are You Thinking About Climate Change? Turn on any news channel, and you’re likely to hear about climate change. Step outside and feel the greenhouse effect its created. Go to a local car dealership and see the number of electric vehicles versus gas-powered ones. Suffice it to say, climate change is front and center in
Risk Management Find Your Hunger: Establishing Your Credit Union’s Risk Appetite Hunger is a phenomenon we all experience, but it’s different for everyone. While some people wake up absolutely famished and ready for breakfast, others can get away with just a few small bites here and there until lunchtime. The key to resisting hunger is to know your appetite. The
Risk Management Vendor Management in a Pandemic: A Proactive Approach Has COVID-19 made managing your vendor management hard to, well, manage? Say that five times fast! Honestly, it might be easier than trying to deal with vendor management during a pandemic that has changed just about everything we once knew to be “normal.” Working from home, social distancing and relying
