Risk Management has assumed great significance in the global economic scenario. More and more companies are recognising the need for implementing the concept in their organisation. Unless risk is monitored properly the very existence of business may be at stake. The technological advancement has revolutionised the ways of doing business but at the same time has posed new challenges to manage and contain risk.
In western countries, Risk Management is an important area which has attracted the attention of Bankers, Insurers, Financial Institutions, Government, business houses, in forecasting the imminent risk in undertaking any project/work and taking suitable precautions to avoid or minimize the adverse impact of risk. Read more
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News and Updates
New Delhi Municipal Council to introduce comprehensive disaster management plan
New Delhi Municipal Council (NDMC) is likely to introduce a comprehensive plan for disaster management in its area with the aim of identifying necessary measures in order to avoid property and life loss in case of any disaster. “We are Read More …
Revolutionising Risk Culture
Why businesses must embrace new technology and take a less reactive approach to risk management Companies with strong risk cultures have several key traits. Most importantly, genuine ownership and responsibility for risk culture rest with front-line employees, with executive-level accountability Read More …
6 Steps for CFOs to Minimize Organizational Risk
In the past year alone, the world of business has been impacted by geopolitical tensions, supply chain disruption, inflation, changing fiscal policies and regulations, and intensifying natural disasters. A lingering pandemic has also stress-tested the risk management processes of global Read More …
Indian banks resilient but only 10% follow risk management
Since the global financial crisis, Indian banks have performed better than their international counterparts in a number of criteria and have shown greater resilience. In the face of escalating geopolitical risks and unprecedented macroeconomic volatility, the Indian banking sector continues Read More …
Top 5 Enterprise Risk Management Trends 2023
Enterprise risk management transforms the way enterprises manage risks. With increased digitalization, the urgency to invest in risk management tools is seen across industry segments. This article highlights the top five emerging trends in enterprise risk management that will significantly Read More …
Top Governance, Risk & Compliance (GRC) Tools of 2022
Governance, risk management, and compliance (GRC) is a framework for managing these three practices across an organization. It’s increasingly important for businesses that want to better manage risk, ensure compliance, and coordinate security with a unified and integrated platform. This Read More …
Risk management: Securing the new hybrid work model
To protect against cyberattacks, companies must continuously monitor threats, vulnerabilities, incidents, and risks looking for patterns to ensure maximum visibility and reduce false positives. In the last year, the cyber landscape has presented new opportunities to threat actors. Malware campaigns Read More …
RBI invites public comments on risk management for banks
The central bank had in August MPC announced to issue a direction on managing risks and code of conduct in outsourcing of financial services. The Reserve Bank of India, on October 26, has placed the draft master direction on Read More …
How cybersecurity executives make the case for continued tech investments in a tough economy
Cybersecurity executives have enjoyed a nice run of receiving the financial resources they need to keep their organizations protected against attacks. But given the current economic uncertainty, many will likely need to rethink their approach to investments in tools and Read More …