Chief Financial Officers (CFOs) must broaden their approach to risk management and focus on capability-led growth as businesses navigate an increasingly complex environment, according to insights shared by senior executives from Kotak Mahindra Bank. Traditional financial metrics alone are no Read More …
Category: Latest News
Finance Leaders Need New Risk Frameworks to Drive Sustainable Growth
Reported AI Errors in KPMG Document Highlight Growing Governance Risks
A report prepared by KPMG reportedly contained AI-generated inaccuracies, or “hallucinations,” related to the use of artificial intelligence at UBS, raising concerns about the reliability of AI-assisted content creation in professional services. The incident has drawn attention to the challenges Read More …
Cybersecurity Emerges as the Leading Risk Concern for Businesses
Cybersecurity has emerged as the largest risk facing companies, according to a recent survey conducted by consulting and advisory firm BDO. As organizations accelerate digital transformation and increase reliance on connected technologies, concerns over cyberattacks, data breaches, ransomware, and operational Read More …
ANSI Launches Initiative to Shape Future Standards for Frontier AI Risk Management
The American National Standards Institute (ANSI) has invited industry experts, policymakers, researchers, and other stakeholders to contribute to the development of standards for frontier AI risk management. The initiative aims to establish frameworks that can help organizations safely develop, deploy, Read More …
AI Adoption Creates New Risk Challenges for Australian Businesses
Artificial intelligence is becoming a core part of business operations in Australia, but it is also adding new complexity to the risk environment. New research highlights that AI, once seen mainly as a tool for productivity and efficiency, is now Read More …
SEBI Creates Special Task Force to Counter Emerging AI-Powered Cyber Risks
The Securities and Exchange Board of India (SEBI) has set up a dedicated task force to address the growing risks posed by AI-driven cyber threats in the securities market. The initiative aims to strengthen cybersecurity preparedness and enhance the resilience Read More …
Stronger Credit Risk Practices Essential Amid Rising Economic Uncertainty
As global economic conditions become more complex, credit risk management is emerging as a critical priority for banks and financial institutions. Rising interest rates, geopolitical tensions, inflationary pressures, and changing borrower profiles are increasing the challenges associated with assessing and Read More …
NIST and NCCoE Publish Framework to Strengthen Ransomware Risk Management
The U.S. National Institute of Standards and Technology (NIST) and the National Cybersecurity Center of Excellence (NCCoE) have released new guidance aimed at helping organizations improve ransomware risk management and strengthen cyber resilience. The publication provides practical recommendations for preventing, Read More …
DigitalXForce Introduces AI and Quantum-Powered Risk Management Solution
DigitalXForce has launched a new AI and Quantum Risk Management Platform designed to help organizations identify, assess, and manage emerging technology and cybersecurity risks. The platform combines artificial intelligence with quantum-focused analytics to provide advanced risk intelligence and decision-support capabilities. Read More …
Companies Increase AI Spending Amid Growing Risk Management Concerns
Businesses across Hong Kong and mainland China are significantly increasing investments in artificial intelligence as they seek to enhance efficiency, innovation, and competitiveness. However, the rapid adoption of AI is also creating new challenges related to governance, cybersecurity, regulatory compliance, Read More …