The rapid convergence of operational technology (OT) and information technology (IT) has revolutionized industrial processes, fostering innovation and efficiency. However, this evolution also exposes industries to unprecedented cybersecurity risks. From ransomware attacks to threats targeting critical infrastructure, industrial sectors embracing Read More …
Category: Latest News
Securing the Future: Industrial Cyber Risk Management in the Age of IT-OT Convergence
Norman Marks on Governance, Risk Management, and Internal Audit
I want to share a couple of techniques I used when building the audit plan and then the audit scope, and for assessing the level of risk presented by a control failure. The first is like a reverse root cause Read More …
RBI releases draft circular on management of ‘Model Risks in Credit’ for lenders
The prescriptions aim at ensuring robustness in the process of model deployment by lenders while making credit decisions The Reserve Bank of India on Monday released a draft circular on ‘Regulatory Principles for Management of Model Risks in Credit’ for lenders to Read More …
Cloudflare announces automated risk management platform
Advanced suite of risk management capabilities enables seamless discovery and and mitigation of threats across applications, data loss or exposure, and human error. The leading connectivity cloud company, today announced Cloudflare for Unified Risk Posture, a new suite of risk Read More …
Mimecast unveils human risk management platform for cybersecurity
Mimecast, a global cybersecurity pioneer, has unveiled its Human Risk Management (HRM) platform, marking an important and eagerly anticipated milestone in advancing toward the next generation of cybersecurity. HRM platform In response to customer and market demand for a more Read More …
Explained | RBI’s New Fraud Risk Management Norms: Key Changes That Borrowers Need to Know
The Reserve Bank of India (RBI) has revised its master directions on fraud risk management following Supreme Court recommendations. The apex court asked banks to hear a borrower before an account is classified as fraud. What Are the RBI’s Latest Read More …
US regulator privately finds weak risk-management at half of large banks, Bloomberg reports
A top U.S. bank regulator’s confidential assessments found 11 of the 22 large banks it supervises have “insufficient” or “weak” management of a broad swath of risks ranging from cyberattacks to employee blunders, Bloomberg News reported on Sunday. About one-third Read More …
WHO recommends risk management plans for high-risk excipients
The World Health Organization (WHO) has released two draft appendices to a recent draft guideline on good manufacturing practices (GMPs) for excipients. The first document recommends manufacturers develop risk management plans for controlling and preventing contamination of high-risk excipients. A Read More …
Whistic’s AI-Powered Assessment Engine Ushers in a Modern Approach to TPRM
Whistic is proud to announce the launch of Assessment Copilot, the newest addition to its groundbreaking suite of AI-powered third-party risk management (TPRM) capabilities. Whistic AI and Assessment Copilot automate the heavy lifting involved in TPRM at every stage of Read More …
Marsh McLennan revolutionises supply chain risk management with Sentrisk launch
Marsh McLennan has unveiled Sentrisk, an innovative AI-powered platform designed to revolutionize the way businesses manage global supply chain risk. Sentrisk, developed through the combined expertise of Marsh and Oliver Wyman, aims to comprehensively map supply chains, identify vulnerabilities, and enhance Read More …