GRC & Me

David Ponder, a partner at Cential, has used COVID-19 to teach his five-year-old daughter about the interconnectedness of the world: “To change the world, you've got to start with yourself first and your closest circle second,” he advises. This lesson parallels the interconnectivity of risk management ecosystems — organizations should never stop reevaluating the principles that determine their actions. Why? Because risk management is no longer done by standalone entities. Like herd immunity, transformative risk management introduces the idea that if one organization in the risk ecosystem is weak (or strong!), everyone else is, too. One band; one sound. Enter Jannie Wentzel, a partner and principal consultant at Cential, who authored a whitepaper about the emerging tools and technologies that are transforming risk management today. Together, Jannie and David assert that transformative risk management’s emphasis on data will provide leaders the confidence to base critical decisions and drive valuable business solutions for each participant in a risk ecosystem. With host Megan Phee, these GRC experts posture that risk leaders will soon shift their understanding of compliance-focused risk management and GRC as a whole. Could this be the Next Big Thing of risk?

What do you get when you cross innovation and pioneering? CEO Matt Kunkel and Chief Product Officer Jon Siegler — AKA two of the three founders of LogicGate. Historically, the old-school GRC software space aimed to operationalize regulatory risk and compliance and security programs in two ways: 1) Using technology platforms with rigid data models and 2) Using point solutions — that don’t integrate well with other applications — to solve specific use cases, third-party risk and more. In Matt and Jon’s opinion, that’s why The Risk Cloud™ represents a departure from what we know about GRC. In this episode of GRC & Me, tune in to hear how these visionaries have disrupted the GRC industry with The LogicGate Risk Cloud, a platform that presents a solution and has the flexibility to reimagine what risk is entirely. With host Megan Phee, they discuss The Risk Cloud’s extensibility at length, especially what it enables companies (and risk managers!) to do. After listening, ask yourself this: How can The LogicGate Risk Cloud enable effective risk operation for you?

A simple question — “why?” — jumpstarted Heath Anderson’s journey with governance, risk and compliance (GRC). Today, he’s LogicGate’s Information Security Manager. Before that, he worked with development teams in the United States Air Force designing tests to ensure compliance, and the rest is security — err, history. For his first-ever podcast appearance, Heath joined an episode of GRC & Me to discuss how The LogicGate Risk Cloud adds value to the company as well as how he uses it to push security frameworks forward. The LogicGate Risk Cloud is essential for Heath, and not just because he was able to adjust his program to accommodate society’s new normal — it automates Control Management activities and even revealed how he and his team could improve their third party risk management return on investment (ROI) metrics. Plus, can you guess the neat hobby that gets his creative juices flowing?

In the Season 2 premiere of GRC & Me, Megan is talking to John Mumford, Chief Risk Officer at Fellsway Group, a Boston-based consulting firm. Listen in as John discusses why GRC professionals today are hungry for a new way of thinking about risk compliance, how to tackle cyber risk as a business risk, and his passion for risk-taking - not just in business but on the ice rink, too.

In this special episode of GRC & Me, Megan sits down with LogicGate CEO Matt Kunkel and CMO Gina Hortatsos to discuss how a risk management company is handling the COVID-19 pandemic. Matt and Gina walk us through their reactions when the news broke about the pandemic, the free Business Continuity Plan offer for LogicGate customers, and the challenges of leading a company during the statewide shelter-in-place order.

Top 3 Quotes“Trust really is ‘security, compliance, and privacy’—it's the three-legged stool.”“The ‘compliance’ is a byproduct [of risk], ‘governance’ is the way you operate, but how you truly define ‘risk’ is where the focus is.”“Sensitive data being pushed around an organization through e-mails and spreadsheets—that kind of model is not sustainable.”Show Highlights[01:43] From a detective in England to Chief Trust & Security Officer at DocuSign[03:17] Duties and responsibilities of a Chief Trust Officer[04:26] Evolution of GRC[05:26] Exciting trends in GRC[06:42] “Duct tape and bubble gum” concept is alarming[07:30] What compelled Emily to join LogicGate’s Board of Directors?[08:57] Advice for women in tech who are seeking leadership roles[11:15] A little birdy told us...Resources:Connect with Emily on LinkedInConnect with Emily on TwitterDocuSign

Top 3 QuotesThere's a number of players providing solutions, but only a small number of true winners that will emerge to set this new standard for usability and effectiveness combined with affordability.Risk and compliance needs change so fast that the technology has to be flexible enough to keep up.The market is wide open for a company to set the pace for the rest of the pack and for the industry.Show Highlights[01:26] Karry's humble start[03:44] What lead Karry to the GRC space[04:50] The emergence of SaaS as a business model and how Karry got involved with it[06:18] Why GRC is a perfect fit for SaaS delivery model[07:34] What is exciting about GRC today?[08:33] Where else the market is going in the future?[09:27] Karry's one element that instills positive cultureResources:Connect with Karry on LinkedInConnect with Karry on TwitterKarry’s LogicGate Profile

Top 3 QuotesRisk assessment is not the same thing as conducting an assessment of your compliance program.The risk assessment is not designed to be an audit of every activity your company is doing; it’s designed to scan across the breadth of what your company is doingThe skill-set needs are changing.Show Highlights[01:41] Jack shares what led him to risk and compliance as a career path.[03:51] How Jack crossed paths with LogicGate founders.[04:34] Jack explains what is RAMP and how it benefits clients today.[06:19] How companies can adopt continuous improvement within their compliance programs according to Jack.[08:58] Some more examples of what you can do for continuous improvement.[10:13] How things are changing in the near, medium and long term future in the risk and compliance world.[13:24] The processes clients and companies have taken to ensure success and enabled them to move forward.[15:00] A brief origin of Jack's other talent.Resources:Connect with Jack on LinkedInConnect with Jack on TwitterConnect with Deloitte on LinkedInDeloitte USDeloitte UKNavigant ConsultingHuron ConsultingKPMGLogicGateMatt Kunkel LinkedIn

Top 3 Quotes“I'm a firm believer that cyber security is very much a journey.”“Do the basics and do them well—that's a strong foundation.”“Doing security from a sustainable point of view is trying to develop the right people, the right processes and technologies, which would allow for cyber resilience against whatever the threat landscape might be.”Show Highlights[01:12] How Dominic got into his current position[02:35] The answer to Megan's million dollar question[03:16] Dominic shares his favorite story[04:32] How small businesses can develop cyber security while staying in budget[05:34] Megan agrees that CIS control set is a great tactical and practical way to begin[06:14] Differentiating cyber security from corporate and enterprise needs[08:18] Security issues in Canada and how it differs from anywhere else in the world[09:30] What keeps Dominic up at night[10:52] What is sustainable security and how to attain it[12:18] Dominic tells how he got into comedyResources:Cyber SCConnect with Dominic on LinkedInConnect with Dominic on TwitterCyber SC FacebookCyber SC TwitterCyber SC YouTube Channel

Top 3 Quotes“The more that you can show your customers that you're being a good steward with their data, the more they're likely to trust you. And from a reputational standpoint and a branding standpoint, that's always one of the best benefits and one of the reasons that consumers will choose one product or service over the other.”“And I think if you look carefully, the CCPA is quite a blessing. It helps reduce expenses and monetize the information life cycle because you have a better understanding of what's under the hood in your company.”“...you know there's not one silver bullet when it comes to preparing data for an information governance strategy, IG is essentially a multidisciplinary type of approach.”Show Highlights[01:28] Rafael’s background in law and consulting[02:35] Discussing Rafel’s company and beginnings[04:36] The “Olympics of Privacy” [05:59] A watershed moment in Compliance and Privacy[08:05] Rafael’s personal connection to records in California [09:05] The incredible moment Rafael received his birth records[12:00] The “blessing” of CCPA[14:11] Rafael’s personal opinion of CCPA[16:19] Best practices for privacy and policy management[19:30] Policy management systems[21:04] How to read more about Rafael’s thoughts on these issues[22:58] The Little Girl With The Big Voice[24:03] Vendor Risk Management [25:00] Being mindful of what’s outside your company walls as well as what’s within themResources:Connect with Rafael on LinkedInConnect with Rafael on TwitterRafael’s WebsiteThe Little Girl With the Big Voice