1. Balancing Risk and Reward
Rodney Denno, President
Secure Open Systems Inc.
ISSA Vancouver Chapter - September 21, 2005

2. Who am I? I’ve worked on international standards
Small business security and RM
Global payments organizations (RM and Privacy)
Two patents
Yet never heard anyone talk about the human side of RM and how individuals make decisions

3. Decisions, Decisions
Understand how to manage business risks (Technology, Legal and Opportunity) and by understanding how your own Personal Risk Management Style effects your decisions

4. FUD
FEAR
UNCERTAINTY
DOUBT

5. Is this YOU?

6. Are You? How many believe you are risk managers?
How many believe you are good risk managers?

7. How many F’s FINISHED FILES ARE THE RE- SULT OF YEARS OF SCIENTIF-
IC STUDY COMBINED WITH THE
EXPERIENCE OF MANY YEARS

8. Social

9. Social

10. Social

11. Psychological

12. Psychological

13. Psychological

14. Neurological

15. Neurological

16. Neurological

17. Neurological

18. Cellular

19. Cellular

20. Cellular

21. Molecular

22. Molecular

23. Molecular

24. Principle #1
FEAR is a fundamental part of who we are. Don’t negate it, embrace it as a positive part of your being.

25. Principle #2
You can change the effect FEAR has on you from one of negative/destructive to one of positive/supportive.

26. Principle #3
The words we use determine so much of who we become and tell us so much about who we are!

27. Action Recognize and Nurture the risk taker in you.
Find the Master Risk Balancer in you.

28. Action
RM strategy must be based on “Eyes Wide Open” strategy NOT “Eyes Wide Shut” strategy!!

29. F E A R
False
Evidence
Appearing
Real

30. Think about You!