The Risk Paradox: Showcasing the Success of Security
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The Risk Paradox centers around the idea that, as the number of mitigated incidents increases, so does the perception that the Security department requires less budget and fewer resources due to the decreased impact of incidents on the organization. Marc DiGiorgio will delve into the concept of the Risk Paradox, while will showcase ways to track and report on your team’s success to help those outside of your department clearly see the true value of your efforts. Presentation by: Marc DiGiorgio, Chief Revenue Officer, Resolver Inc. Mary Shiffer, Senior Customer Success Engineer, Resolver Inc.
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I need a 100 word reply to each of the following forums (total 800 w.docx
I need a 100 word reply to each of the following forums (total 800 words)
Statistics Forum #1
As stated in my previous discussion, my supervisor uses a spreadsheet called a CEMASTER which allows her to see our credentials like how long we have been with the company, our skills, our wages, our bonuses, and what training we need to advance. A confidence interval gives an estimated range of values which could include an unknown population parameter. If my supervisor were to add confidence intervals this would give her a percentage probability that an estimated range of possible values includes the actual value that is being estimated. For example, she could use this information when its time to evaluate if we are eligible for our yearly raises.
Statistics Forum #2
After reviewing my pervious example on estimates I can understand why people do not entirely trust single point estimates. Our book states that “
The
confidence
interval
of
the
population
mean
is
a
range
within
which
the
value
of
an
unknown
population
mean
has
a
specified
probability
of
occurring
”
(Tanner & Youssef-Morgan, 2013).By adding confidence intervals we are able to narrow the number down. I asked a manager in human resource who keeps of the schedule to include time off, sick day, and no shows if she would prefer a signal point estimate or a range . She told me that she would prefer the range estimate. She agreed with our text witch states “
a
range
of
numbers
within
which
the
true
percentage
of
spoilage
will
occur
with
a
stated
probability”
(Tanner & Youssef-Morgan, 2013)
.
I also asked another person in the HR office and he thought the range estimate was also a better idea. They both felt that the numbers where better and more reliable for their job. They stated that when dealing with a large employee population it would be better to get a range that encompasses the possibilities in numbers.
Statistics Forum #3
Chi – Tests are also called distribution – free tests and no assumptions are needed about how the data are distributed and there are no requirements regarding their scale. I think a good example of a chi – test would be how your grades have changed over the course of a year. You would compare last year results to this year results. The results would tell you whether your grades improved over a years time.
Statistics Forum #4
Our book states that “chi-square is a test of the independence of two nominal scale variables” (Tanner & Youssef-Morgan, 2013)
.
I would have used the chi-square test when purchasing a new car. There are difference in overall cost to consider. To include the sticker price, taxes, the mpg and general repair the car would need in its first few years. “Chi-square is a statistical test commonly used to compare observed data with data we would expect to obtain according to a specific hypothesis” (Pennsylvania State University, 2013). I could get a better understanding on the overall cost on car owners.
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Ballot facilitates focused and collaborative discussions, more educated assessments of ideas (e.g. objectives, risks or controls), clearer understanding of the relationships and dependencies between risks, higher levels of consensus on the key areas of risk to the organization. Other popular applications of Ballot include strategic planning, priority setting, cause and effect analysis, employee surveys and town hall meetings.
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The good news? You don’t need these variables to make your case, but you can definitely make a case based on the more mundane incidents that happen all the time.
This presentation walks you through the exercise of qualifying and quantifying what you do every day to keep your organization protected from security risks. It will help you clearly communicate the source and magnitude of the value of security investments to your leadership, giving them the confidence that you will get that return!
Content was created by Resolver and presented by Security Management, an ASIS publication, on April 4th as a live webinar.
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In a rapidly changing world, companies struggle to keep up with constantly shifting compliance and risk exposure, both external and internal. Regulatory pressure and increasing executive demand for risk insight present evolving challenges for risk, audit, and compliance professionals who are being asked to do more with less. Governance, Risk, and Compliance (GRC) tools help organizations integrate their assurance activities across the three lines of defense, enable more efficient and effective assurance programs, and ultimately sustain the programs. Companies at the beginning of the GRC technology implementation lifecycle often fail to think through all of the components and key activities necessary to ensure a successful initiative. Those that forge ahead without analysis and planning may find that they missed opportunities to converge their risk and compliance programs, their business processes were not ready for automation, the new technology doesn’t work as anticipated, and timelines for completion can’t be met. In fact, without proper planning, companies may not be using GRC tools to their full potential and realizing the value promised to management and key stakeholders.
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I need a 100 word reply to each of the following forums (total 800 w.docx
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Statistics Forum #1
As stated in my previous discussion, my supervisor uses a spreadsheet called a CEMASTER which allows her to see our credentials like how long we have been with the company, our skills, our wages, our bonuses, and what training we need to advance. A confidence interval gives an estimated range of values which could include an unknown population parameter. If my supervisor were to add confidence intervals this would give her a percentage probability that an estimated range of possible values includes the actual value that is being estimated. For example, she could use this information when its time to evaluate if we are eligible for our yearly raises.
Statistics Forum #2
After reviewing my pervious example on estimates I can understand why people do not entirely trust single point estimates. Our book states that “
The
confidence
interval
of
the
population
mean
is
a
range
within
which
the
value
of
an
unknown
population
mean
has
a
specified
probability
of
occurring
”
(Tanner & Youssef-Morgan, 2013).By adding confidence intervals we are able to narrow the number down. I asked a manager in human resource who keeps of the schedule to include time off, sick day, and no shows if she would prefer a signal point estimate or a range . She told me that she would prefer the range estimate. She agreed with our text witch states “
a
range
of
numbers
within
which
the
true
percentage
of
spoilage
will
occur
with
a
stated
probability”
(Tanner & Youssef-Morgan, 2013)
.
I also asked another person in the HR office and he thought the range estimate was also a better idea. They both felt that the numbers where better and more reliable for their job. They stated that when dealing with a large employee population it would be better to get a range that encompasses the possibilities in numbers.
Statistics Forum #3
Chi – Tests are also called distribution – free tests and no assumptions are needed about how the data are distributed and there are no requirements regarding their scale. I think a good example of a chi – test would be how your grades have changed over the course of a year. You would compare last year results to this year results. The results would tell you whether your grades improved over a years time.
Statistics Forum #4
Our book states that “chi-square is a test of the independence of two nominal scale variables” (Tanner & Youssef-Morgan, 2013)
.
I would have used the chi-square test when purchasing a new car. There are difference in overall cost to consider. To include the sticker price, taxes, the mpg and general repair the car would need in its first few years. “Chi-square is a statistical test commonly used to compare observed data with data we would expect to obtain according to a specific hypothesis” (Pennsylvania State University, 2013). I could get a better understanding on the overall cost on car owners.
You Get What You Measure Tips For Establishing Safety Metrics
The document provides tips for establishing effective safety metrics in the workplace. It recommends measuring factors that are key to business success like costs, risk, compliance, and quality. The desired state of safety should go beyond zero injuries to also minimize risk and promote continuous improvement. Example metrics could include workers' compensation costs, safety inspection findings, and trends in injuries and hazards over time. Leading indicators and scorecards can help track progress. Integrating safety metrics into overall business operations and demonstrating the tangible value and costs of safety are also discussed.
FCF June 2014 - 02 fraud facts 2 p securing board level support for anti fra...
Securing board-level support is critical to establishing effective fraud defenses. The factsheet offers tips for approaching the board, including emphasizing the benefits of investment in anti-fraud measures which can outweigh costs, quantifying the true costs of fraud, and demonstrating returns on investment from prevention. Case studies on a city council and SME show significant returns, with the campaign in Stoke-on-Trent identifying more fraud and recovering more properties than estimated.
ACC 571 EDU Achievement Education--acc571edu.com
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ACC 571 EDU Redefined Education--acc571edu.com
FOR MORE CLASSES VISIT
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This Tutorial doesnt contain All week DQs
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This Tutorial gives you idea about each DQ mentioned below
Acc 571 week 2-7
Educational Requirements and Professional Organizations for Fraud Examinations and Financial
Forensics" Please respond to the following:
Fraud examination and financial forensic s
My report_donald.docx
Operations management aims to convert materials and labor into goods and services efficiently to maximize profit. It balances costs and revenue to achieve the highest net operating profit. Operational risk stems from people, technology, processes, and external events and can cause monetary loss, competitive disadvantages, and business failure if unaddressed. A business imperative is a primary goal that companies establish to positively change their outlook in the long term through a collaborative effort.
Fraud Risk Assessment: An Expert’s Blueprint
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud in a High Crime Climate. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on the subject in the title
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
ACC 571 EDU Inspiring Innovation--acc571edu.com
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ACC 571 EDU Become Exceptional--acc571edu.com
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Risk Analysis & Risk Management
Learn how you can conduct an accurate risk analysis to properly identify and manage the risks that your organization may possibly face.
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Educational Requirements and Professional Organizations for Fraud Examinations and Financial Forensics" Please respond to the following:
Fraud examination and financial forensic skills have a key role in
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Acc 571 week 2-7
Educational Requirements and Professional Organizations for Fraud Examinations and Financial Forensics" Please respond to the following:
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TSGThinking about Your Company Mastera
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Management Override: Common Tactics and How to Audit For Red Flags
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud in a High Crime Climate. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
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FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
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Acc 571 Inspiring Innovation--tutorialrank.com
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Chapter 1 - Balancing Cash, Cost and Service - The Supply Chain Triangle
This article fits in a series of articles inspired by the book ‘Supply Chain Metrics That Matter’. In her latest book Lora Cecere introduces ‘which are the metrics that matter’, ‘how to ensure strength, balance and resilience’, what are the ‘evolutions in different sectors’, …
In this first article, Bram tried to find the balance via the Supply Chain Triangle of Service, Cost and Cash.
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You Get What You Measure Tips For Establishing Safety Metrics
You Get What You Measure Tips For Establishing Safety Metrics
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Management Override: Common Tactics and How to Audit For Red Flags
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Invest in Specialty Skills and Other Tips for Internal Audit Planning
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The Risk Paradox: Showcasing the Success of Security
- 2. I am a Sr. Customer Success Engineer at Resolver. mary.shiffer@resolver.com
- 3. I am the Chief Revenue Officer at Resolver. dig@resolver.com
- 6. How to quantify the positive impact your team makes on the organization.
- 7. Categorize ways to quantify the positive impact your department makes on the organization. Discuss as a group how we can support each other, provide examples of what works and what doesn’t. Provide examples in our software of how you can quantify impacts. Suggest ways that Security can feed information to Risk and/or Audit to focus the ‘money waste’ conversation elsewhere while improving results for the org.
- 8. FourThreeTwo Track Loss & Recovery. Capture Labor Efficiency. Automate Incident Capture. Calculate Loss Avoidance & Saves. Align to Risk Objectives & Target Control Costs. One
- 13. Origin A B C DE Ex: Loss Prevention Daily losses of $30,000 in liquor products. Roving gangs fund illicit trades. Started to geo-map incidents related to theft. Aligned Security and Plain Clothes Officers based on predictive data. Results: Able to capture ‘Saves’. That is, the rate of shrink at stores where the security presence was 0.5% from 1%. A: $8,000 B: $3,000 C: $5,000 D: $9,000 E: $1,000 Total Saved: $26,000