Posts

PRA Issues Supervisory statement SS1/23: Model Risk management principles for banks - CIMCON Software

  The Prudential Regulatory Authority’s SS1/23 outlines mandatory model risk management principles for UK banks, effective May 2024. This blog breaks down the five core principles, key MRM requirements, and next steps for aligning with the new standards. Visit:  https://cimcon.com/pra-issues-supervisory-statement-ss1-23-model-risk-management-principles-for-banks/

Reducing Spreadsheet & Other End-User Computing Risk

  Reduce EUC Risk by addressing spreadsheet errors, strengthening Excel controls, improving model and AI governance, and validating RPA accuracy. Gain visibility into critical end-user applications to lower risk exposure, improve compliance, and protect key business processes. Visit:  https://cimcon.com/2019-perspectives-reducing-spreadsheet-other-end-user-computing-risk/

Don’t be Headline News: Protect the PII Under Your Control - CIMCON Software

  BlackRock’s PII spreadsheet leak shows how human error and Excel-based EUCs create data risk. Learn how stronger EUC controls, data classification, file scanning, and centralized policies help prevent PII exposure and reduce security incidents. Visit:  https://cimcon.com/dont-be-headline-news-protect-the-pii-under-your-control/

Is SharePoint a cost-effective solution for EUC and Model Inventory Management?

  Maintain a reliable, up-to-date model inventory to strengthen your model governance program. Discover how modern cloud-based solutions like CIMCON’s Model Inventory Cloud™ simplify tracking model risks without heavy IT involvement or costly consulting. Visit:  https://cimcon.com/is-sharepoint-a-cost-effective-solution-for-euc-and-model-inventory-management/

How to Safeguard your Data in Excel - CIMCON Software

  Protect sensitive Excel data with Cell Conceal™, a free Microsoft AppSource add-in. Easily redact or encrypt cells to prevent data breaches, ensure compliance with HIPAA and GDPR, and keep your business information secure when sharing spreadsheets. Visit:  https://cimcon.com/how-to-safeguard-your-data-in-excel/

Shadow Artificial Intelligence: Risks and Control Strategies

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  The fast proliferation of Artificial Intelligence (AI) tools has ushered in a technology of unprecedented productivity. However, this identical convenience has given upward push to a subtle but large risk to organizational security and compliance: shadow artificial intelligence . Much just like the long-standing difficulty of "shadow IT," in which employees use unauthorized hardware or software, shadow AI refers to the unapproved or ungoverned use of AI applications, fashions, and platforms within corporate surroundings. This hidden utilization bypasses hooked up safety protocols and oversight, exposing businesses to a spectrum of complex risks that call for immediate interest and a proactive strategy. Introduction to Shadow Artificial Intelligence Shadow artificial intelligence is the deployment and utilization of AI technologies—most notably public-facing Generative AI (GenAI) tools like large language models (LLMs), but also unapproved internal machine learning mode...

EUC Risk Management & Controls in the Cloud

  Explore how CIMCON ensures smooth cloud migration for applications, databases, and files without disrupting EUC and Model controls. Learn how EUC Insight Inventory supports seamless transitions to Amazon AWS or Microsoft Azure with secure, uninterrupted performance. Visit:  https://cimcon.com/euc-risk-management-controls-in-the-cloud/