• Riskology by Infortal

  • 著者: Thomas Fox
  • ポッドキャスト

Riskology by Infortal

著者: Thomas Fox
  • サマリー

  • Welcome to the Riskology podcast. Companies operating in today’s global economy really need to get an understanding of the international geopolitical risk landscape. At Infortal Worldwide we work with our clients on Solving Risk Before It Starts™. In this podcast series, Infortal founder and CEO Candice Tal and her team will explore how companies can mitigate risks to their business, employees, and assets while maximizing operational success.
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あらすじ・解説

Welcome to the Riskology podcast. Companies operating in today’s global economy really need to get an understanding of the international geopolitical risk landscape. At Infortal Worldwide we work with our clients on Solving Risk Before It Starts™. In this podcast series, Infortal founder and CEO Candice Tal and her team will explore how companies can mitigate risks to their business, employees, and assets while maximizing operational success.
エピソード
  • Riskology by Infortal: Episode 35 - Riskology in London with BABL AI
    2024/10/28
    Riskology by Infortal™ is coming to you this week from the GRC Risk Conference in London. Join host, Ian Oxnevad, as he discusses the intersection of AI and Risk with the CEO of BABL AI, Shea Brown. Their discussion covers several dynamics of AI development and implementation in the context of the growing global risk landscape and the challenges posed by autonomous decision making. Risk Management & AI AI introduces new dimensions of risk to the ever-changing risk management landscape by extending the reach of malicious actors. Fortunately, as Shea Brown points out, defenders against attacks can also benefit from AI. In fact, companies are increasingly integrating AI into their risk management strategies, which reflects a broader trend towards digital transformation across industries. AI-based risks, however, are complicated by the fact that there are an increasing number of use cases for new AI technology. For example, there are new vulnerabilities in the fields of autonomous vehicles, facial recognition, and resource distribution. Companies can no longer ignore the building AI revolution. To prevent disaster, companies must carefully review their risk exposure to outside actors using AI and from challenges created by using the technology in house. During and soon after implementing AI solutions, it is important to gain a deep understanding of how the new technology will impact existing systems and processes. AI-audits provide a great mechanism to ensure that any new tech is up the requisite standards and increases transparency to relevant stakeholders. Buyer Beware The market is becoming saturated with seemingly revolutionary solutions in the risk management space. However, increased investment in this space does attract bad actors offering subpar or worse, even fraudulent solutions. This makes it important to know who is behind the companies you are considering buying from or partnering with. Conducting deep level due diligence on the companies and partners you plan to do business with in the AI space is important to make sure you are onboarding enhancements and not detractors from your bottom line. AI and the Human Element In the world of AI development, an often-overlooked element for successful AI implementation is the need for human-centric oversight. Human supervisors can catch mistakes that automated systems overlook, providing a needed layer of security and reliability. This is especially important in high-risk areas where AI decisions have social and individual impact. By integrating a human-in-the-loop approach, organizations can better align their AI systems with ethical standards and a human focus. Mitigating Risks While integrating AI-based technology into existing programs can pose certain risks for firms, the benefits can be significant. The key is making sure you know what you are getting and that any new technology will live up to your firm’s values. Importantly, AI does not eliminate the importance of accounting for human behavior. Currently individuals are still driving decision making and controlling the use of AI technology. Conducting due diligence on potential suppliers and performing audits on the AI impact to your company will place you ahead of the curve in terms of benefiting from the AI advancements now available in the risk management space. Resources: Infortal Worldwide Email Dr. Ian Oxnevad on LinkedIn Shea Brown on LinkedIn
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    13 分
  • Riskology by Infortal: Episode 34 - The Hezbollah Pager Attack & Supply Chain Compliance
    2024/10/14
    Tune in for the latest episode of Riskology by Infortal™, where special guest Tom Fox of the Compliance Podcast Network and hosts Dr. Ian Oxnevad and Chris Mason dive into the business and compliance implications of Israel’s counterterrorism operation involving Hezbollah’s electronic devices. Hezbollah’s Supply Chain Failure and Israel’s Counterterrorism Success Israel’s counterterrorism operation in Lebanon on Hezbollah’s electronic devices serves as a stark reminder of the compliance risks that global businesses face. Even though Hezbollah is a terrorist group, the pager operation provides lessons for normal businesses. In this particular case, a Taiwanese company called Gold Apollo licensed its name to a Hungarian company, which then manufactured and sold pagers to Hezbollah. This relationship, initially straightforward, became complex as the Hungarian company sought to evolve and use the Taiwanese company's name to make its own proprietary designs. Ultimately, these pagers found their way into the hands of Hezbollah members. This case raises several compliance concerns. The lack of thorough due diligence by the Taiwanese company allowed for potential misuse of their products. The complexities of tracking ownership and responsibility in global supply chains mean that even legitimate companies can become inadvertently involved in geopolitical conflicts. This event underscores the necessity for robust compliance frameworks to prevent such issues. Supply Chain Vulnerabilities and Advanced Technology The use of pagers to coordinate an attack highlights vulnerabilities within supply chains, especially when advanced technology is involved. It was speculated that a Hungarian company acted as a front for Mossad or other intelligence agencies. This kind of covert operation not only increases the complexity of supply chains but also the risk profile for all companies involved. Additionally, payments originating from unnamed Middle Eastern countries were flagged by banks in Taiwan, highlighting another layer of failure. These offshore payments triggered additional scrutiny and delays, emphasizing the importance of financial transparency and thorough documentation in global transactions. While initially flagged, the transactions were ultimately serviced. Reputational and Operational Risk Implications All organizations use electronics tied to complex, cross-border supply chains. Understanding the makeup and oversight of the underlying supply chain should be an important consideration for selecting vendors. Large corporations, small non-profits and even government bureaucracies can be indirectly exposed to significant reputational and operational risk if supply chains are not managed correctly, as the pager attack scenario illustrates. At the end of the day, it pays to know who you do business with, and this requires up front due diligence. Resources Infortal Worldwide Email Chris Mason on LinkedIn Dr. Ian Oxnevad on LinkedIn Tom Fox on the Web | LinkedIn
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    22 分
  • Riskology by Infortal: Episode 33 - Corporate Intelligence: Myth Vs. Reality
    2024/09/23
    Join hosts Christopher Mason and Dr. Ian Oxnevad as they discuss how companies can harness the power of intelligence to avoid crises and seek out new opportunities. How can Companies Use Intelligence? While intelligence is critical for crisis management, its benefits extend far beyond that. Companies increasingly recognize the long-term advantages of integrating intelligence into their strategic planning. This involves not just avoiding immediate risks but also identifying long-term opportunities. Business intelligence isn't just about collecting data; it’s about leveraging the correct information to make informed decisions. Breaking Down the Misconceptions Many executives instantly think of spy movies or corporate espionage when they hear "intelligence." This misconception can prevent companies from enjoying the benefits of a developed intelligence collection and analysis program. For example, a company might use intelligence to identify potential supply chain disruptions, allowing them to take corrective actions in advance. Similarly, understanding the political landscape can help businesses anticipate changes that might affect their operations or investments. Trust but Verify Approach The principle of "trust but verify" becomes paramount when making substantial strategic decisions. Business intelligence is the verifying mechanism, ensuring trust is well-placed and minimizing risks. Deploying intelligence investigations and integrating insights into decision-making allows companies to navigate complex market conditions with greater confidence and security. This practice helps avoid immediate pitfalls to establish long-term, resilient business strategies. Assess Your Risk Profile and Decision-making Processes Before integrating intelligence functions, companies need to understand their risk profile and decision-making processes. This involves conducting a risk assessment of your firm to establish a baseline to improve on. Then, you must examine your company’s decision-making processes to determine how best to integrate valuable intelligence into your operations. You can navigate risk more effectively by embedding intelligence functions within your operations, providing a competitive advantage. For full show notes, go to Infortal Worldwide. Resources Infortal Worldwide Email Chris Mason on LinkedIn Dr. Ian Oxnevad on LinkedIn
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    16 分

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