Traditional enterprise risk management models based on analysis of historical trends are no longer valid in isolation, and agile adaptation to changing circumstances in a new enterprise resilience management model is now required for organizational survival and success says Resilience First.
The continued effects of the COVID-19 pandemic, or a new public health crisis, emerged as the top risk concerns for Indian companies, according to a joint study conducted by Marsh and RIMS.
RiskRecon, a Mastercard Company, and the Cyentia Institute have published an in-depth study that explores the current state of third-party risk management (TPRM) programs and practices. The research found that TPRM professionals increasingly do not trust that security questionnaires provide sufficient information to properly understand and act on their third-party risk.
As the pandemic crisis and lingering economic and political volatility increasingly threaten businesses and recovery globally, WomenCorporateDirectors Foundation (WCD) is seeing many companies consider establishing a stand-alone board risk committee.
European risk managers have helped maintain the continuity of their organizations during the pandemic crisis. They have participated in task forces and crisis units, promoted communication, supported new working practices, pursued insurance recoveries where possible, and begun work on recovery, according to survey results published by FERMA.
COVID-19 has reorganized the risk landscape for chief audit executives (CAEs), and CAEs have listed IT governance as the top risk for 2021, according to Gartner. Analysts say that the pandemic is giving rise to new sets of risks while exacerbating long-standing vulnerabilities.
The COVID-19 pandemic and its devastating consequences caught plenty of organizations off guard. While it can be difficult to contemplate the next big crisis in the midst of the current one, this is exactly the time to look ahead to minimize any future surprises, says Jim Wetekamp, and topping many experts’ lists of the next big crisis is climate change.
While it may sound straight forward there is more to creating an effective external communication policy than meets the eye. Deon Binneman digs deeper into this vital area of risk management and provides a useful checklist.
The Software Engineering Institute (SEI) has released the latest model in its Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE) suite. The OCTAVE FORTE (OCTAVE For the Enterprise) model for enterprise risk management helps executives and other decision makers understand and prioritize the complex risks affecting their organizations.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
