Risk management and fraud news from around the web: April 10 – 14, 2023

Bank failures in the news: Why compliance and risk management are crucial

On April 14, big banks start reporting Q1 financials amidst a crucial earnings season. Recent events in the banking industry have affected the overall population’s confidence in the U.S. banking system – but did you know that it is common for at least a few banks to fail each year?

"Risk management is shifting" – The Institutes CEO

There is a growing emphasis on mitigating losses before they occur.

Managing cyber risk without cyber insurance coverage: strategies and options

With the rising threat of cyberattacks, cyber insurance coverage is considered a necessity. However, some companies can’t afford or qualify for cyber insurance. Here are your options.

Survey: Third-party risk management “misses” are hurting organizations

Enterprise risk management (ERM) teams are struggling to effectively mitigate third-party risk in an increasingly interconnected business environment, according to Gartner, Inc. In a survey, 84% of respondents said that third-party risk “misses” resulted in operations disruptions.