Risk Management

Data Protection Strategy

How to create a winning data protection strategy in 2025?

Businesses today have their data distributed across the cloud, partner networks, data centers, and on-premise locations. This could include data of varying levels of sensitivity such as customer data, financial records, and other business essential information. Protecting such information requires a great deal of resources. Every company aims to minimize the heightened risks of potential…
Jan 03, 2025
risk-management-in-healthcare-strategies-for-a-safer-future-feature-image

Risk Management in Healthcare: Strategies for a Safer Future

The healthcare sector has seen immense efficiency gains from technology—improved patient outcomes, centralized services through third-party vendors, better data management, and a constant drive for innovation. However, beneath the benefits lie a complex web of interconnected challenges—regulatory laws, clinical issues, patient data concerns, and an under-preparedness for cyber attacks. It’s no wonder that year after…
Dec 30, 2024
risk matrix with impact score

Enterprise Risk Management: Frameworks, Implementation, Cost

Every business choice you make has some inherent risk to it—some very small, such as setting your password policy right, while others are much bigger, like entering a new market. Just think about it—what if the supplier doesn’t deliver? Or what if the compliance requirements in a new geography are vastly different from what you…
Dec 18, 2024

Measuring and Managing Risk Exposure: The Key to Resilient Organizations

Organizations that operate with a defensive mindset and try to avoid as many risks as possible can just survive. However, the ones leveraging the right risks to innovate can thrive and gain a competitive edge. The difference here lies in the mindset and understanding of the organization’s capacity to absorb risks (or risk tolerance) and…
Dec 15, 2024
Risk-Based Internal Audit

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

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