To thrive in an ever-changing and complex risk environment, leaders look for the most effective way to mitigate an array of potential dangers that can obstruct strategic initiatives and operations. Aiming to minimize firm-wide risk and striking a balance between Read More …
Tag: Business continuity risks
The biggest challenges in risk management for 2023
Gartner Survey Shows Third-Party Risk Management “Misses” Are Hurting Organizations
Enterprise Risk Management Teams Need a Better Approach to Third Parties Enterprise risk management (ERM) teams are struggling to effectively mitigate third-party risk in an increasingly interconnected business environment, according to Gartner, Inc. In a Gartner survey of 100 executive Read More …
Cyber issues are more integrated into enterprise risk management: WEF’s Global Cybersecurity Outlook 2023
The recently published Global Cybersecurity Outlook 2023 report by World Economic Forum presents the results from this year’s study of cybersecurity and business leaders’ perspectives on leading cyber issues and examines how they affect organisations around the world. The WEF engaged 117 cyber leaders from 32 countries and 22 industries, in collaboration with Accenture for the Read More …
India’s security and risk management spending to grow 8% in 2023: GartnerIndia’s security and risk management spending to grow 8% in 2023: Gartner
The end-user spending on security and risk management in India is forecast to total $2.65 billion in 2023, an increase of 8.3 per cent from 2022, according to an analysis by Gartner, Inc. Security services will remain a key spending Read More …
Managing Cybersecurity as a Business Decision
With the risk landscape getting more complex, Boards have realized that cyber risk can pose a significant operational threat to business. A Gartner survey of the Board of Directors in 2022 found that 88% of the respondents considered cybersecurity risk Read More …
Banks Face An Uncertain Regulatory Landscape: Here’s How To Focus On The Most Serious Risks
The regulatory landscape for financial firms is in a state of flux, both in the U.S. and abroad. New anti-money laundering (AML) laws, sweeping new consumer protection requirements and new sanctions in response to Russia’s invasion of Ukraine are only a sampling of the regulatory Read More …
Fraud risks grow as cost of living soars
The legacy of the Covid-19 pandemic, a global lack of goods and materials, and Russia’s war in Ukraine have each combined to produce a cocktail of economic woes that is proving hard to swallow. Add to this underlying anxiety regarding Read More …
How businesses can manage fraud and risk without compromising on customer experience
Businesses have witnessed an influx of fraudulent activity over the last few years. Merchants and e-commerce brands are feeling the pressure to provide customers with seamless and secure user experiences. Partnering with a vendor that uses the most up-to-date data Read More …
Enterprises report rise in risk events, yet risk management lags
Enterprises around the world are being barraged by risk events, according to a report released Wednesday by Forrester. The State of Risk Management 2022 report, which is based on a survey of 360 enterprise risk management decision makers in North America and Read More …
How technology aids risk management in high-speed transactions
High-speed transactions are characterised by high-frequency, high volume, user convenient payments. Although online platforms facilitated quick payments, the advent of UPIs has been game changing, redefining the speed of online payments, while further increasing the acceptance of low value of Read More …