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CIO risk-taking 101: Playing it safe isn’t safe

CIO Business Intelligence

As CIO, you’re in the risk business. Or rather, every part of your responsibilities entails risk, whether you’re paying attention to it or not. There are, for example, those in leadership roles who, while promoting the value of risk-taking, also insist on “holding people accountable.” You can’t lose.

Risk 116
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Using Technology to Better Manage Risk in Insurance

Decision Management Solutions

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Let’s dive into greater detail on the second lever – Manage Risk Better.

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What the Digital Operational Resilience Act means for you

CIO Business Intelligence

But while there’s plenty of excitement and change underway, security risks and vulnerabilities have continued to follow right alongside that innovation. Information and intelligence sharing : Requires businesses to engage in information sharing around cyber threats and vulnerabilities as they’re identified.

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Combine transactional, streaming, and third-party data on Amazon Redshift for financial services

AWS Big Data

Regulators have placed an increased focus to both protect the consumer through transaction reporting (typically T+1, meaning 1 business day after the trade date) and increase transparency into markets via near-real-time trade reporting requirements. The query to generate this chart has similar performance metrics as the preceding chart.

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The complex patchwork of US AI regulation has already arrived

CIO Business Intelligence

This year, lawmakers in the state are considering Senate Bill 2 , which would require organizations deploying AI for consequential “high-risk” decisions to develop risk management policies. You really can’t understand your risk posture if you don’t understand what AI tools you’re using,” she says.

Risk 132
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Selling the C-suite on preemptive IT investments

CIO Business Intelligence

When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. CIOs can change this thinking by incorporating preemptive projects like disaster recovery into their corporate risk management strategies. The average cost of a data breach is $4.64

ROI 122
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CIOs in financial services embrace gen AI — but with caution

CIO Business Intelligence

Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). Those same characteristics, however, reveal the risks AI pose to this sector. Banks have to get ready to take the step forward.”

Insurance 141