Good communication between risk and resilience strengthens risk culture and builds a more resilient business. Understanding risk is essential for resilience. And a resilient organization is better positioned to withstand risks. Yet these teams often [...]
How to get everyone to consider risk in every decision — and why that’s crucial to long-term success. Many organizations are prioritizing agility and adaptability by building risk awareness among all employees, not [...]
There’s no end to the number of software tools designed to help organizations boost efficiency and achieve objectives. That’s a blessing because no matter the need, there’s likely a tool for it. But it’s [...]
A governance, risk, and compliance program can help an organization address uncertainty, avoid surprises, and achieve business objectives. Every organization has some form of GRC, even if it is not called that. After all, [...]
The EU AI Act has been unanimously approved by member states and in general will be fully applicable in two years. This groundbreaking legislation is the first globally to establish rules for artificial intelligence and [...]
Several years ago, BT set out to upgrade its system for managing risks and controls with a cohesive approach that would improve visibility across the organization and provide credible, timely data to the senior leadership [...]
Why do some businesses crumble under the weight of unexpected challenges while others emerge stronger? The answer often lies in fragility. A fragile risk process makes your business susceptible to severe consequences — including financial [...]
Banking compliance professionals continue to confront myriad regulatory requirements around the globe, as well as internally driven demands. And this frenzy of activity is not expected to slow down anytime soon. Banking compliance is essential [...]
The U.S. Securities and Exchange Commission recently finalized rules on cybersecurity incident disclosures and risk management. While these rules apply directly to public companies, any company – public or private – doing business with a [...]
AI like ChatGPT can extend the reach of GRC by making tasks easier and faster. Here’s what you need to know about integrating AI into GRC.
A risk assessment is an evaluation of potential risks and their likelihood of occurrence. These assessments quantify the possible impact on people, property, and operations. They also make sure your controls and mitigations are effectively [...]
These days, risk managers may find that keeping up with new insurance regulations is a critical part of the job. Recent changes to state or federal insurance rules have impacted almost all companies. Some [...]
