Risk is inevitable in business. From sea-faring merchants of yore protecting their goods from pirates to modern companies fighting cybercriminals, risk mitigation strategies are fundamental to any business. The opportunity costs of not having a risk mitigation strategy can be Read More …
Tag: Financial Risk
10 Must-have Risk Mitigation Strategies for Your Business
What can risk managers do better in 2023?
In the post-pandemic world, risk managers must reevaluate what constitutes an ‘acceptable’ risk With COVID behind us, 2023 exhibits a landscape different to the past three years when most enterprises simply strived to survive. Taking a forward-looking approach, risk managers Read More …
Unsecure Messaging Platforms Put Enterprises At Risk For Huge Financial Burden
For a long time, banks and financial institutions have been naive about their communication practices in the workplace. These less-than-optimal choices have not gone unnoticed by government factions, and some industry leaders are now facing multi-billion-dollar fines from the U.S. Read More …
India Inc cannot take its eyes off ESG if it aims to become future-ready
The mainstreaming of environmental, social and governance (ESG) principles by corporates acknowledges the fact that their integration furthers the sustainability of a business by safeguarding the environment, the society, and the interests of various stakeholders. Investors, on their part, are Read More …
How the Cloud Can Help Financial Institutions Manage Regulatory Compliance
Data privacy is highly regulated in the financial services sector, and cloud computing can help organizations remain in compliance with complex requirements. The use of cloud service providers (CSPs) in the financial services industry continues to become more widespread. In Read More …
PRA says more work on climate risks required from many re/insurers
UK regulator the Prudential Regulation Authority (PRA) has set out its priorities for 2022, which include a renewed focus on the financial risks arising from climate change. The PRA acknowledged that some insurers and reinsurers have made “good progress” in Read More …