Riskonnect Blog
Welcome to Riskonnect, the place where risk and compliance professionals can find expert advice, practical tips, and useful information to do their jobs easier, faster, and more effectively.
The Hormuz Closure Is No Longer a Crisis, It’s an Operating Condition
The Strait of Hormuz story is one that few risk playbooks were written for. Riskonnect CEO Jim Wetekamp explains in Supply Chain Moves that what defines this event is the way multiple exposures are colliding in real time – and the economic impacts are still expanding.
Outgrowing Check-the-Box: Banking Risk Management’s Better Way Forward
Outgrowing Check-the-Box: Banking Risk Management’s Better Way Forward In banking, risk management can often place heavy emphasis on managing the risks taken by investment activities, with much less stress on well-rounded governance, risk, and [...]
How the Right Software Simplifies NDIS Compliance in Healthcare
The requirements outlined in the National Disability Insurance Scheme (NDIS) add new layers of complexity, and healthcare providers across Australia struggle to keep up. According to the NDIS Provider Outlook Report 2025, 76% of [...]
Faster, Better, Smarter: Why Risk Leaders Need Connected Data
By John Bonner, VP of Product Strategy, LineSlip The pace of business has never been faster. M&A deals close in weeks, supply chains pivot overnight, and cyber threats emerge daily. In this environment, risk [...]
8 Warning Signs Your Risk Management Strategy Isn’t Working
As businesses adapt to changing markets, regulations, and technologies, risk is becoming more complex and harder to control. However, it’s also more important than ever to manage risk in a way that supports [...]
OAIC Figures Show Data Breaches in Australia Are on the Rise
Australia saw a 25% rise in data breaches in 2024, according to OAIC. Learn why cyber risk is growing and how GRC software can help your organization stay secure and compliant.
CER Directive vs. DORA: What’s the Difference, and Why Does It Matter?
The CER Directive and DORA are two major EU regulations focused on making organizations more resilient in different ways. But how do you know which one applies to your business? And if one (or [...]
Integrated Incident and Risk Management in the Aged Care Sector
In recent decades aged care in Australia has become a large and complex system, with significant challenges at every level, including delivery, management or governance. The quality and safety of care varies widely across [...]
Do You Need a SOC Report – And How Do You Get One?
You may have heard someone bring up a System and Organization Controls (SOC) report during a vendor security review, audit prep, or customer onboarding call. However, few people ask themselves who’s responsible for their [...]
Addressing Psychosocial Hazards Through Effective Risk and Incident Management
Organizations across the globe realize a happy, safe, productive workforce is the key to a successful business. This recent focus on employee wellbeing has resulted in many firms implementing processes to manage ‘psychosocial hazards’ [...]
Australian Government Delays New Aged Care Act Until November 2025
In a shock decision by the Australian government, the implementation of the new Aged Care Act has been delayed until 1st November 2025. With only 1 month until the original 1st July deadline, and details [...]
IT Risk Assessments: A Step-by-Step Approach
When IT is at risk, it’s a priority for everyone in your business – not just the tech team. IT risk assessments help organizations identify and manage threats targeting digital infrastructure and data. [...]
AI Governance: 5 Ways to Embed AI Oversight into GRC
As AI usage surges, organizations are right to be concerned about how it is being used and what it is being used for. The power of AI – greater efficiency, reduced human error, [...]
Managing Risk and Incidents in Retail Across Multiple Sites
Operating a retail business across multiple locations comes with a unique set of challenges. Retailers must contend with theft, staff and customer safety risks, supply chain failures, cyber threats, payment system outages, regulatory compliance [...]
8 Surefire Ways to Improve Your Risk Management Program
Operational disruptions, system downtime, fraud, fines for noncompliance, market changes, and technology shifts are just a few of the risks organizations are battling today. Any organization still managing risk with old-school silos and [...]
Get the Conversation Going: The Power of Connecting Risk and Resilience
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 [...]