Risk-Based Internal Audit: How to Prioritize, Plan and Mitigate Risks
Your company’s sensitive information is plastered across the internet. You seemed to be locked out of your system, and the ransom to get your access back is hefty, to say the least. You’re scrambling to understand what has happened, and the alarm goes off. Don’t worry; it’s a nightmare that I painted for you, at…
Nov 27, 2024
Compliance vs Risk Management: Key Differences & Similarities
A report by Bloomsberg states that companies are spending 6-10% of their revenue solely on compliance! Furthermore, over 50% of executives see cybercrime as a top five risk now and in the next three years, with concerns rising. The above statistics are pieces of evidence that in the absence of compliance, you can lose money…
Nov 05, 2024
Risk Management Policy – How to Automate the Process
With risks becoming increasingly interconnected, the risk management process involves many moving parts. As risks often share multiple points of intersection, they can quickly escalate into events that could potentially collapse a business. Reacting to a crisis when you’re already in the midst of it is far from ideal. Forward-thinking businesses know how crucial it…
Nov 01, 2024
Difference Between Penetration Testing vs Vulnerability Scanning
If you’ve been exploring the difference between the two, a prospect that you are working with has likely requested a pen testing report. You are stuck wondering how it differs from the vulnerability report you provided. If you’re still confused, let’s clear it up for you! What is Penetration testing and vulnerability scanning? Penetration testing…
Oct 25, 2024
10 Best ERM Software Review (Compare Features, Pros, and Cons)
Back in August 2021, fast food giant KFC failed to meet their meat demands and had to take down menu items due to supply chain disruptions. In 2018, they shut down 900 UK outlets after delivery issues – all due to poor risk visibility. While such incidents cannot be fully avoided, it can be minimized…
Oct 08, 2024
Best Risk Analysis Tools in 2025
What is risk analysis? Quite the umbrella term, exposure to risk is a fact of life for every organization, from the smallest solo business proprietor to multinational giants. Risk involves everything from geopolitical developments and global inflation to scams and fraud targeting your company. Structured risk management, for the vast majority of organizations, is either…
Oct 07, 2024