Living in an advanced digital society means that organizations need to have an in-depth understanding of cybersecurity in order to take effective action. The dynamic nature of cyber risk means that boards of directors must take a multi-dimensional approach in Read More …
Tag: Business Risk Management
How to align cyber risk management with business needs
Practical tips to minimize third-party vendor risks to your business
Businesses across most industries are becoming increasingly reliant on third-party vendors to support critical business functions, but with the granting of access to a business’s internal networks comes cyber risks and data breach threats. In fact, more than 50% of Read More …
What can India Inc do to combat ransomware threat?
Hundreds of fliers spent restless hours at Indian airports Wednesday morning after aircraft of Spicejet came to a standstill. Some took to social media platforms to register their ordeal, claiming that they were stranded for hours without a word from 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 …
Conduct risk: be proactive, stay ahead
As concerns around conduct risk abound, firms need to arm up and tighten surveillance to stay ahead. Lee Garf, general manager at NICE Actimize, explains why market abuse remains the biggest risk to financial markets firms today Firms are actively Read More …
How to manage and mitigate risks for commercial properties?
Risks are an inevitable part of owning or managing a commercial property, in fact the bigger the property the higher the risk. There is a daunting list of dangers when one possesses a commercial property from natural causes like fire, Read More …
How Indian Businesses Can Grow Sustainably With ESG Approach
With spotlight on measures taken by businesses to safeguard the environment, the implications of covering the environmental, social and governance (ESG) criteria are being acknowledged by them, their investors and even regulators. ESG, used interchangeably with sustainability, is about pursuing Read More …
Businesses troubled by huge confluence of risks
No US business leader, risk manager, insurance broker, or underwriter would have anticipated having to handle a global pandemic (lasting two+ years), a supply chain crisis, a severe talent shortage, a war in Ukraine (and the geopolitical fallout), economic inflation, Read More …
What is Risk Management and Why Is It Important
Like everything else in life, running a small business comes with risks. As a business owner, there’s a non-zero chance you’ll have to deal with challenges like damaged equipment, market fluctuations, employee theft, unforeseen pandemics, or personal emergencies. The good Read More …