An Orielly report states that ‘more than 88% percent of respondents use cloud infrastructure in one form or another, and 45% of organizations expect to move three quarters or more of their applications to the cloud over the next twelve months’. Source While adoption and signs of cloud adoption with digital transformation brings in a…
Forward-thinking businesses know how crucial it is to be proactive while managing risk. After all, risk is an enabler of growth, and assessing and handling risks effectively can ensure there are no operational disruptions. However, risk management is not a singular task. It involves many moving parts that require careful planning, project management, and timely…
In a recent Gartner survey, 84% of the respondents (who were risk committee members) claimed that third-party risk gaps highly disrupted their business operations. Any organization that relies on third-party vendors for critical business functions should develop and maintain an effective Third-Party Risk Management policy. A strong third-party management policy can go a long way…
Digital assets and data are the lifeblood of every organization today. But as with everything precious, they’re constantly at risk of being unlawfully accessed, tampered with, stolen, or transmitted. Such malicious actions can not only cause irreparable harm and damage to the organization but can severely hamper future business prospects. Cyber risk assessments are periodical…
Risk management should be a key focus for any project. Whether it’s stakeholder misalignment or sudden regulatory changes—no project is completely safe from risk. Ignoring risks can result in all sorts of unpleasant setbacks and may lead to unacceptable outcomes. An example would be an organization’s vulnerability to cyber-attacks. How can you address the problem?…
Companies set themselves varying scalability goals. And as they grow, so do their operational complexity, customer bases, and the amount of data they process on a daily basis. These factors bring with them a greater level of risk—enterprises need to process a larger amount of data, disclose and uphold data subject rights, and keep all…
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