Dynamic risk assessment is a proactive method of risk management. In the ever-changing and disruptive business environment traditional risk assessment models which are mostly based on the impact and the likelihood, fail to recognize the interconnection among the risks and more effective risk mitigation actions. DRA enables organizations to have a deep understanding of the
The European Union (EU) implemented the General Data Protection Regulation (GDPR) in May 2018. It is meant to protect the Data and Privacy of European ‘citizens’. And, is applicable to any Business that stores or transacts data of these subjects. However, the consequence of it is that even Businesses that are international or provide services
Environmental, Social and Governance (ESG) concerns are challenging Boards and Executives to translate them into tangible Risks and Opportunities for Sustainability and Resilience. ESG impacts are generally longer term in nature and, in many cases, out of the direct control of the Company, which makes the linkage of ESG Risks to Enterprise Risk Management even more relevant.