Enterprise Risk Management Strategy and Frameworks
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…
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Aug 20, 2024
What is Key Risk Indicator ? How to measure KRIs
Maintaining constant oversight and proactively responding to threats remains one of the biggest challenges for most security professionals. And while they do go that extra mile to strengthen their security posture and minimize any damage, no effort in this regard can be truly effective without strong Key Risk Indicators or KRIs in place. A KRI…
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Aug 20, 2024
Implementing IT Governance Frameworks: Best Practices for Business Alignment
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…
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Jul 23, 2024
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…
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Apr 05, 2024
Compliance Risk Assessment: Key Steps and Best Practices
Risk and compliance programs are evolving. The number of “mature and advanced” risk and compliance programs increased to 53% in 2023 from 38% in 2022: Navex 2023 Risk and Compliance Report. This indicates that organizations are increasingly recognizing the importance of compliance risk management.. Compliance risks are characterized as possible harm or negative repercussions of…
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Feb 27, 2024