Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
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 …
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 …
Without this, efforts to manage and optimise risk will be futile Before embarking on the development of a risk management framework, an organisation’s tolerance levels must be agreed upon and operationalised, so that the Board’s risk appetite is effectively executed. Read More …
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 …
More than ever, in the wake of the global disruption wrought by the COVID-19 pandemic, geopolitical upheaval, and supply chain disruptions and other inflationary pressures, risk management has proven critical to organizations’ operations and survival. Although some organizations might continue Read More …
Every business faces two global systemic risks: cybersecurity and climate change. Learn how to integrate these two areas of risk management for greater business resilience. Of all risks facing organizations today, those related to cybersecurity and the environment carry the Read More …
Overly complex security systems can actually increase the cost of a cyberattack. Here’s how to improve your security system. The business security environment is rapidly becoming more complex, causing business cybersecurity systems to also increase in complexity. IBM’s Cost of Read More …
Since corporate reputation became an essential asset for the survival of companies, the term “reputational risk” has begun to be valued with more relevance in the business strategies of companies. The value of business intangibles has skyrocketed in recent years, Read More …
As environmental, social and governance (ESG) issues continue to draw the attention of business leaders, it’s time the financial-services industry reframes its approach to ESG and recognizes the short- and long-term business value of developing agile ESG practices. Traditionally, corporations Read More …
What are the current challenges facing chief financial officers today? Chief Financial Officers (CFOs) continue to grapple with significant business-related challenges in today’s dynamic economic environment. On the people front, these are things like the ‘Great Resignation’ and addressing hybrid Read More …
