IRM Global Risk Awards 2013

We were invited to attend the IRM Global Risk Awards at the The Grand Connaught Rooms in London.

StratexSystems was one of the finalists for the IRM Global Risk Awards in the category of "Risk Management Service Provider of the Year".

List of a few Winners: 

Delivering value through risk management

Winner: Balfour Beatty Fleet Services – UK

Managing risk across boundaries

Winner: TRIDEC Project – Germany

Innovation through technology

Winner: Scottish Power and Amor Group – UK

Highly commended: London Borough of Ealing – UK

Risk management solution of the year

Winner: Zurich Risk Room – Switzerland

Highly commended: Active Risk Group – UK / International

Excellence in the face of adversity

Winner: KA Goalkeeping UK – UK

Building risk management capability

Joint winner: Dubai Electricity and Water Authority (DEWA) – Dubai

Joint winner:  Intel – USA

​Pictures of the night below!

Executive Breakfast Briefing Post Event!

We are happy to say that our Executive Breakfast Briefing: “Understanding the ERM Journey” was a success! Many thanks to all who attended and special thanks to our Keynote Speakers Kevin Pearce of Aldermore Bank and Gillian Weatherill of Homeloan Management Limited (HML) for coming to present their individual ERM Journey’s!

The event began with networking and drinks (tea & coffee) at the Mercer followed by breakfast. The presentations soon kicked off with Andrew Smarts’ Introduction along with introducing our key speakers Kevin and Gillian.

  • Presentations of the Event can be downloaded on our resources page HERE

  • Videos of the event will soon be up on our YouTube Channel. Please Subscribe to not miss out on tutorials, industry interviews, and events.

  • Pictures Below!

Visit our Blog and Events pages to keep up-to-date on future events, risk management Industry news, and thought leadership content!

FTSE 100 Company Invests in our StratexPoint Solution on SharePoint

 

 

Our partners at CYSPEX have received some very exciting news! A FTSE 100 company has launched CYSPEX to manage its cyber risk, support business objectives and provide information assurance to customers and shareholders by using our solution platform StratexPoint.

CYSPEX (Cyber Strategic Programme Execution) is a unique and comprehensive cyber security application designed to provide boards and senior executives with a holistic view of their organisational cyber security posture.

Developed by StratexSystems, a provider of integrated strategy execution and risk management solutions, in conjunction with industry experts in cyber security and enterprise risk management, Templar Executives and Manigent, CYSPEX enables organisations to monitor and manage the delivery of their cyber strategy while managing and mitigating the organisation’s cyber risks in line with their risk appetite. Not only does this ensure organisational information is secure and managed through its lifecycle, it also means information is delivered in a timely, relevant and valued manner.

StratexSystems CEO and Founder, Andrew Smart said: “With its focus on enabling business objectives, the CYSPEX solution is an innovative collaboration which embeds leading Cyber Security and Risk Management expertise into a template solution that provides a roadmap for any organisation wishing to improve their approach to cyber security whilst remaining focused on delivering its business strategy. We are pleased the organisation recognises the value of this solution and am looking forward to working with them on this project.”

View the exciting news HERE.

For more information please visit www.cyspex.com or follow them on twitter @CYSPEX.

 

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StratexSystems Shortlisted for Global Risk Awards

 

StratexSystems is proud to announce that we have been shortlisted as Risk Management Service Provider of The Year 2012 for the IRM Awards! This award is designed to recognise the very best in service delivery among those that supply any risk management services to the industry.

The Institute of Risk Management (IRM) is a Global Risk Awards ceremony that is organised by the risk management world’s leading independent professional and educational body that recognises and rewards excellence in risk management.

The Global Risk Awards Ceremony will be held and hosted by Magnus Lindkvist (trendspotter and futurologist) at the Grand Connaught Rooms in London on 28 February 2012.

The Institute of Risk Management (IRM) is the world’s leading enterprise-wide risk education Institute that passionately believes in the importance of risk management and that investment in education and continual professional development leads to more effective risk management.

More info HERE

Third Time Unlucky for UBS


"The Financial Services Authority announced its latest settlement with Swiss bank UBS for £29.7m. This followed the conviction and imprisonment of UBS rogue trader Kweku Adoboli for fraud. Adoboli had run up losses of $2.3bn, although it is rumoured that at one stage the bank’s exposure was in the region of $12bn."

 
"In the settlement, UBS accepted that it had breached FSA Principles 2 and 3 which focused on inadequate systems and controls at the bank and, in particular, failures to manage risk properly. The fine is the highest imposed for systems and controls failures and the third highest in FSA history."


[VIA]

Bank Agrees to Reimburse Hacking Victim $300K in First Time Case

 

"In a case watched closely by banks and their commercial customers, a financial institution in Maine has agreed to reimburse a construction company $345,000 that was lost to hackers after a court ruled that the bank’s security practices were “commercially unreasonable.”

People’s United Bank has agreed to pay Patco Construction Company all the money it lost to hackers in 2009, plus about $45,000 in interest, after intruders installed malware on Patco’s computers and stole its banking credentials to siphon money from its account."

[VIA]

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Successful Risk Management Starts Small

 

According to Peter Spier of CMS Wire, businesses should commit to developing organisational risk management processes by starting small and begin this process by identifiying the data that is most important. 

An exerpt from the article states, "According to the Privacy Rights Clearinghouse, 31,110,318 records were breached worldwide in 2011 with 18,739,183 more year-to-date. Given the deep pockets of such high-profile breached organizations as Sony, RSA, Global Payments and LinkedIn, what can your organization do to protect its valuable assets against concerted effort if not human error?"

The article explains that organisations must recognise the levels of data security, balance their risk and business needs, and to effectively communicate and raise awareness of their organisations data classification policy to their employees. 

 

To read more go HERE. 

[VIA]

StratexSystems "Shaping Your Culture via Risk Appetite" Webinar tomorrow!

 

StratexSystems Webinar 18th October!

'Shaping Your Culture via Risk Appetite' 

Thursday Oct 18th 2012, 4pm-5pm GMT

It is almost time to join our CEO- Andrew Smart's live one-hour webinar, “Shaping Your Culture via Risk Appetite” The webinar begins this Thursday at 4 pm GMT. 

Don’t miss this rare opportunity to hear directly from Andrew Smart, CEO of StratexSystems. 

 

He will briefly explain risk appetite and how it can be linked into the overall strategy and risk management process of an organisation. He will then go on to clarify how Risk Appetite statements work alongside Vision statements; creating the right ‘tone from the top’, and how that can be cascaded through the organisation in the form of Risk Tolerances and KRI's. The webinar will conclude with a demonstration of how to enable and embed change, leveraging your SharePoint investment.

 

To view the webinar, please click the link below which will take you to a registration page. Simply add your name and email into the 'Please Register Now' boxes and you will be sent a personalised link that you can use on Thursday. (We apologise for the 'double' registration process, but we had some technical difficulties for the last webinar and are currently trying to iron them out!)

 

http://w.on24.com/r.htm?e=531492&s=1&k=5FE74D2E75F94585F5F9505E1D3F2F8A

 

Do you know somebody else who should attend? Please send them the same link & they can register for free right now.

 

See you shortly!

MS12-066 - Important Security Hotfix that applies to SharePoint 2010 & MOSS 2007

StratexSystems has been informed by one of Microsoft's Sharepoint Engineers of a new and critical hotfix:

"As you may have noticed this morning , anyone who has WSUS activated on their servers would have been prompted by the security bulletin MS12-066  http://technet.microsoft.com/en-us/security/bulletin/MS12-066 (KB 2741517) This Hotfix applies to SharePoint 2010 and MOSS 2007. It fixes a vulnerability that allows elevation of privileges. 

As the hotfix is critical, it will be installed automaticaly. So, after the installation, it's mandatory to execute PSCONFIG on every single server of the farm  => "psconfig –cmd upgrade –inplace b2b -wait" to complete the update process."

If this post is relevant to your Sharepoint Solution, then we hope that you are able to fix it and continue as normal.

Kind regards,

 

StartexSystems Development Team