Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row. That’s according to Allianz’s Risk Barometer 2023, which found that at the same time macroeconomic developments such as inflation, financial market volatility Read More …
Tag: Business Risk Management
Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
Unlocking Business Growth in India with 360-Degree Risk Assessment: Government Holds Key to Data Implementation
Companies have become increasingly concerned with accurately assessing their business health in recent years. In today’s rapidly changing business environment, traditional methods such as relying solely on one year’s worth of a business’s financial data are no longer adequate. The Read More …
Top Trends in Governance, Risk, and Compliance for 2023
As the impact of the COVID-19 pandemic declines, businesses are getting ready for future growth with enhanced business goals. However, there is a potential for new challenges and risks in the coming years with changes to regulatory compliances businesses need Read More …
2022 Global Risk Survey: Singapore edition
Five key areas of focus for risk management in Singapore The findings from PwC’s 2022 Global Risk Survey unveiled five key areas that business executives should focus on as they strive to manage risks and take advantage of opportunities as Read More …
The 5-step plan for better Fraud and Risk management in the payments industry
Digital payments have revolutionised ecommerce and trade. The payment processes have become faster and simpler. In a country like India, there was significant scepticism surrounding the security and acceptance of digital payments, but such factors have been addressed through robust Read More …
How digital signatures and blockchain technology can help to mitigate fraud risks
While advanced security systems managed to prevent a further £736 million from being taken, it does raise questions about what other preventative measures banks should be putting in place to further protect their customers. When blockchain technology is spoken about, Read More …
Managing Risk In Uncertain Times
We live in an increasingly uncertain and unstable world. So, why do enterprises continue to only prioritize risks that have a relatively high probability? Managing risk isn’t purely for survival—it’s a method of changing the way we work and can Read More …
Using open-source data to manage risk
The internet, data science, and digital technologies have both dark and bright sides. The internet was originally created to be a data commons where digital material could be accessed freely, shared, and integrated, but today it can be a magnet Read More …
How to Automate Risk Management and Grow Faster
New fraud cases and scams are increasing faster than ever. Over 70% of finance professionals reported that their institution suffered from payment attacks in 2021. Consumers alone lost $5.8 billion to scams. As a result, financial institutions (FIs) have found themselves facing new anti-fraud Read More …
Why Fintechs are Leading the Evolution from Risk Management to Risk Orchestration
Risk management vs. risk orchestration The analytical, data-rich world of technology and finance remains in stark contrast to less linear, creative fields like art and music. However, a musical analogy can help illustrate the fundamental difference between risk management and Read More …