riskcarriere.nl

What Risk Managers Can Learn from the Roots of Modern Technology

Nieuws
26-07-2024
Aaron Brown
Technology is ubiquitous in risk management today, and its uses and potential dangers are too numerous to list. Risk practitioners must comprehend the how and why of all the different tools at their disposal to leverage them fully and to be better prepared for vulnerabilities like the CrowdStrike-caused IT outage.

by Aaron Brown

Risk managers who want to take advantage of technology cannot simply have access to it. Whether we’re talking about, say, cybersecurity or machine learning or blockchain or digital currencies, to truly benefit from technology, you must understand how and why it was developed.

By now, we all realize the interconnectedness and the effects – both good and bad – of the global technology ecosystem. The latter was on full display with last week’s faulty CrowdStrike cybersecurity update to the Microsoft Windows operating system, which caused a worldwide IT outage that impacted some large banks, among many other businesses.

This event drove home the need for risk managers to better understand the “how and why” of modern technology. Knowledge of history and of the evolution of innovation can, of course, help with this pursuit – but risk managers who are fortunate also learn valuable lessons from advisers. It was almost exactly 50 years ago that I met the first of four people I consider my mentors: the mathematical sociologist Harrison White, who recently died.

[....]

Lees verder op: GARP

Gerelateerde vacatures

Geïnteresseerd in een carrière bij organisaties in ditzelfde vakgebied? Bekijk hieronder de gerelateerde vacatures en vind de perfecte match voor jou!
ING
4.596 - 7.460
Senior
Amsterdam
Als Financial Risk Officer - BSR Integrated Process Control (IPC) bij ING speel je een cruciale rol in het uitvoeren van de financiële risico strategie. Je draagt bij aan analyse...
ING
4.596 - 7.460
Junior
Amsterdam
As a Junior Financial Risk Specialist - Customer Behaviour Risk Liability Squad at ING werk je aan lifecycle management en wereldwijde sturing van customer behaviour- en replicatiemodellen, voert ALM-risicoanalyses en...
ABN AMRO
6.793 - 9.705
Senior
Amsterdam
As a Director Securitisation Lending at ABN AMRO, you lead origination, structuring and execution of private (warehouse) securitisations, negotiate client propositions and financing documents, draft credit applications, coordinate advisors, and...
Belastingdienst
4.691 - 6.907
Medior
Utrecht
Als Senior adviseur risicomanagement bij de Belastingdienst begeleid je bestuurders in het verbeteren van risicomanagement. Je ontwikkelt beleid, adviseert op strategisch niveau en implementeert GRC-tools, waardoor je direct bijdraagt aan...