New BCG Survey Highlights the Value of Mature Risk Management Across All Industries, and What Lagging Organizations Can Learn from Leaders Recent global crises like the COVID-19 pandemic and the Ukraine war have spotlighted the crucial need for mature risk management capabilities Read More …
Tag: risk management
Only 37% of Companies with Low Risk Management Capabilities Recognize How Crucial They Are in Navigating Crises
Building Digital Trust in AI: A Risk Management Perspective
The exponential growth of AI has ushered in a new era of possibilities, from personalized customer experiences to advanced data analytics. Yet, the very sophistication that makes AI invaluable also makes it opaque. This opacity leads to the trust paradox: Read More …
How AI Is Shaping the future of Risk Management and Compliance
AI is rapidly becoming an essential instrument for businesses around the world, particularly in the realm of risk management and compliance. A recent study by Moody’s, titled “Navigating the AI landscape: insights from compliance and risk management leaders,” highlights this trend, Read More …
Approach to Risk Management Uses Knowledge-Based Artificial Intelligence
This paper details experiences gained while developing a novel technology-driven approach to risk assessment methodologies such as process hazard analysis, hazard identification, and hazard operability in oil and gas. From a technology perspective, the advent of AI has often Read More …
5 Strategies for Managing Third-Party Risk
To mitigate the cyber risks associated with third-party providers, it’s important to continuously monitor their information security controls and other cyber threats Many organizations are looking outside their own IT departments to expand their digital footprint and power business processes. Read More …
Approaching Operational Risk Management in the Era of APRA CPS 230
On 28 July 2022, APRA (the Australian Prudential Regulation Authority) released a new prudential standard, CPS 230, designed to strengthen the management of operational risk in the financial sector. Now, that standard is in full force. But why does an Read More …
Portfolio, risk manager among highest paid jobs in BFSI sector: Report
Portfolio manager and risk manager were among highest paid job roles in the BFSI sector, which witnessed a 53 per cent growth in job postings during February 2020-2023, according to a report on Thursday. The highest paying job roles in Read More …
RBI Dy Guv calls for better Risk Management, Governance at Banks
The RBI has been urging banks to adopt effective risk management practices and strengthen their governance standards to avoid financial instability The boards of Indian banks must pursue robust risk management strategies and emphasise compliance and effective governance while preparing Read More …
The Need for Risk-Based Vulnerability Management to Combat Threats
Cyber attacks are increasing as the number of vulnerabilities found in software has increased by over 50% in the last 5 years. This is a result of unpatched and poorly configured systems as 75% of organizations believe they are vulnerable to a cyberattack due Read More …
FM Nirmala Sitharaman asks banks to focus on risk management, diversification of business
Union finance minister Nirmala Sitharaman on Thursday (July 6) chaired a meeting to review the performance of public sector banks (PSBs) and asked the banks to focus on risk management and diversification of business. She asked PSBs to ensure that Read More …