Commonwealth Bank of Australia (CBA) has strengthened its third-party risk management capabilities as financial institutions face increasing challenges from technology dependencies, outsourcing arrangements and interconnected digital ecosystems. The upgrade reflects the growing importance of managing risks arising from external vendors, Read More …
Tag: cybersecurity
Commonwealth Bank of Australia Upgrades Third-Party Risk Management Framework
AI Cyber Liability Risk Is Outpacing Existing Insurance Coverage
The rapid adoption of artificial intelligence (AI) technologies is creating new cyber liability challenges for organisations, with emerging risks developing faster than many existing insurance policies and risk management frameworks can address. As businesses increasingly integrate AI into operations, concerns Read More …
AI in Risk Management: Practical Applications and Key Considerations
Artificial intelligence (AI) is increasingly transforming the risk management function by enabling organisations to identify threats earlier, analyse complex data patterns and make more informed decisions. As risks become more interconnected and dynamic, AI-powered tools are helping risk professionals move Read More …
K2 GRC Launches FAIR-Based Cyber Risk Service
K2 GRC has launched a new FAIR-based Risk Service designed to help organisations quantify cyber risk in financial terms and strengthen business decision-making. Built on the Open FAIR methodology, the new service extends K2 GRC’s integrated governance, risk, compliance, training Read More …
CFOs Struggle to Balance Faster AI Adoption With Risk Management
Chief financial officers are facing growing pressure to deploy AI quickly while ensuring that governance, cost controls and risk management keep pace, according to Deloitte’s Q2 2026 CFO Signals survey. (PR Newswire) The survey found that 93% of CFOs said Read More …
AI Risk Management Starts with a Written Policy
As organisations expand their use of artificial intelligence, risk management experts are highlighting the importance of establishing a formal written AI policy before deploying AI tools across business operations. A documented AI policy provides a foundation for responsible AI adoption Read More …
EU Launches Plan to Address Advanced AI Risks
The European Commission has announced a new plan to address the risks and opportunities associated with advanced artificial intelligence, with a focus on strengthening cybersecurity, improving resilience and ensuring responsible AI development. The initiative aims to support the secure adoption Read More …
Coalition Launches Tool to Prevent Business Email Compromise
Cyber insurance provider Coalition has introduced a new feature on its cyber risk management platform aimed at helping businesses prevent business email compromise (BEC) attacks and reduce associated financial losses. The new capability is designed to identify and address vulnerabilities Read More …
MeitY Publishes Digital Threat Report 2025‑26 to Enhance Cybersecurity in BFSI
The Ministry of Electronics and Information Technology (MeitY) has released its Digital Threat Report 2025‑26, aiming to strengthen cybersecurity in India’s banking, financial services, and insurance (BFSI) sector. The report identifies emerging digital threats, vulnerabilities in critical systems, and trends Read More …
Indian Bank to Recruit 20 AI Experts to Enhance Cybersecurity and Banking Efficiency
Indian Bank has announced plans to hire 20 artificial intelligence (AI) experts to reinforce cybersecurity measures and improve operational efficiency across its banking network. The initiative aims to address the growing complexity of digital banking threats while leveraging AI for Read More …