As Technology continues to evolve, so does the opportunities and challenges attached with it. With greater benefits, Emerging Technologies bring even greater high impact Cyber Risks. Increasing threats to Corporate Information Systems, Critical Infrastructure, and intellectual property—as well as Compliance Risks, liability concerns, and the potential for reputational damage or lost business—continue to make Cyber
With the mounting amount of news around cyber security breaches, it is important for the Boards and C-Suite to have a clear vision on how a Company is addressing the Cyber-risks and how they impact the overall Business objective. Lack of visibility and transparency not only hinders the Risk Assessment program, but also affects effective
Businesses globally continuously face converging challenges of complex web of global information network, extended supply chains, interconnected worldwide Business relationships and the rapid pace of change in the way we live and work due to technology and demographic shifts. As a result, it has become almost imperative for Board Members and Executives to anticipate changes
Risk & Compliance Managers across the globe are challenged by a rapidly changing and ambiguous external environment that continually creates unexpected Opportunities and Risks. However, when visualized as a part of an active Business dynamic, Risk, is more than just being a chance of loss, rather, risk has a potential for culminating into an Economic
In the current economy, Financial metrics are only one part of a Company’s Sustainability goals; factors such as Brand value, ESG Performance,Talent and Customer reach are increasingly becoming key points to consider for investment decisions as more and more Stakeholders are considering Environmental, Social and Governance (ESG) factors when they evaluate a Company’s Strategy, Risk
In the previous post we discussed how integrating ESG Risks with Enterprise Risk Management provides a robust and agile framework for real-time visibility into ESG Performance. The insights gained can then be used for Assessing Company’s medium and long-term viability and resilience that depends on its ability to identify ESG Risks Evaluating ESG performance
The prevalence of ESG-related risks has steadily increased while the more conventional economic, geopolitical and Technological risks have become less dominant. According to World Economic Forum’s The Global Risks Report 2018 Environmental Risks would be dominant next to Cyber Risks over the next decade. Companies that are demonstrably prepared for these shocks can better mitigate downside
As risks have grown more complex in the current Business Landscape due to factors ranging from Globalization, Technology, Regulations, public scrutiny so on and so forth, Companies around the global are realizing that their approach to Risk management functions might need to be revisited. For Sustainability, Resilience and for navigating the expanding Risk universe
Independent researches from major institutions and rising expectations from Shareholders and Stakeholders make it obvious that Environmental, Social and Governance concerns are vital factors for Corporate Sustainability. However, Organizations and Boards are moving at varied speeds in addressing ESG concerns, with the strategic importance of ESG varying widely by Company and by industry. An innovative
As new Regulation and Compliance mandates come into action for fighting fraud, corruption, and Regulatory Risks, many Companies across the globe have started to review their Fraud Risk Assessment and overall Enterprise Risk Management programs. This review presents an opportunity to bridge siloed gaps in critical information, restructure fraud and corruption risk management, and build
