Risk Management

Understanding Recovery Time Objective (RTO): Importance, Calculation, and Business Impact

Don’t Get Caught Off Guard: How to Calculate Your Recovery Time Objective?

Did you know that more than 72% of businesses are not equipped to fulfill their Recovery Time Objective (RTO) expectations? Incidents and disasters can occur at any time and derail businesses quite easily. And organizations must safeguard themselves against theft, power outages, corrupted hard drives and servers, ransomware, cyber attacks, and natural disasters.  But how…
Aug 23, 2024
Risk and Control Self Assessment

RCSA Framework: Secure Posture, Without the Stress

As security professionals, we all understand the sinking feeling that comes with a potential infosec or operational risk event. Reports substantiate this anxiety too— as per a report by Mckinsey businesses across the globe lost over 600 billion dollars as a result of 65,000 risk events between 2017 and 2021.    But what keeps you up…
Aug 22, 2024
Enterprise Risk Management Strategy

Enterprise Risk Management Strategy 101: How to Develop One

A 2022 survey on Enterprise Risk Oversight found that 60% of respondents believe the volume and complexity of risks have increased recently. However, only about a third of organizations have comprehensive Enterprise Risk Management (ERM) processes in place. This is largely because there are no clear, universal rules for implementing ERM. So, what is enterprise…
Aug 20, 2024
What is Key Risk Indicator

What is Key Risk Indicator ? How to measure KRIs

If there’s one challenge that every cyber security professional constantly considers, it’s establishing vigilant oversight and strategically responding to potential threats. Quite often, security teams go the extra mile to strengthen their security posture to avert risk or, at the very least, respond effectively enough to minimize damage. However, that is just not enough. No…
Aug 20, 2024
"Understanding IT Governance: Frameworks and Best Practices"

IT Governance Framework: Definition, models and Implementation

There are two key contributors that have led to the rise of IT governance and for good. First, there is an increasing acknowledgement on IT concerns as business problems; IT is no longer seen as a siloed function. Second, IT professionals today need to think beyond data, tools, and processes to earn a seat at…
Jul 23, 2024
Third-Party Risk Management Policy

What Constitutes a Good Third-Party Risk Management Policy?

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…
Apr 05, 2024