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…
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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…
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Nov 01, 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…
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Oct 07, 2024
Enterprise Risk Management: A Strategic Approach to Managing Risk
As companies grow, so do their operational complexity, customer bases, and the amount of data they process on a daily basis. These bring in unprecedented risks—enterprises need to process a larger amount of data, disclose and uphold data subject rights, and keep all of this data safe from internal and external threats. This means their…
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Oct 01, 2024
Understanding Integrated Risk Management in 2025
Businesses operating in a post-COVID era of accelerated cloud adoption and decentralized workforces are quickly realizing the need for a security-first culture to mitigate looming security risks in the face of rising costs associated with data breaches. In fact, the average cost of a data breach in the US was 4.45 million in 2023, this…
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Sep 20, 2024
Risk Management Framework (RMF): Key Components and Best Practices For 2025
“Risk Management lets you appreciate the risk while you let someone else shoulder all the worry.” – Anthony T. Hincks Risk is a natural part of business and any projects you undertake. Whether it’s day-to-day operations or financial choices, risk is always present. But there’s a smart way to handle it: a Risk Management Framework….
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Sep 19, 2024