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.
Business Continuity Standards: Are You Aligned or Just Accountable?
Business continuity standards like ISO 22301 and NIST define what “good” looks like for your program – but they don’t deliver resilience on their own.Some organizations pursue certification to validate their programs externally. Others [...]
7 Reasons to Update Your Billing Software
Billing software has always been a key component of an insurer’s administration product suite, used to set up payment plans, calculate due payments and dates, maintain account receivables, produce invoices, facilitate payment intake, [...]
ASIC Introduce Mandatory Sustainability Reporting Requirements
ASIC has introduced new mandatory sustainability reporting requirements that could impact organizations in Australia who are ASIC-regulated. These compulsory sustainability reporting requirements are being rolled out on a phased basis over 3 years with [...]
IMDA Launches New Advisory Guidelines for Cloud Service Providers and Data Centers in Singapore
Businesses have more data and digital assets than ever before, and Singapore’s business landscape is awash with cloud service providers and data centers to support organizations to store their data and provide applications and [...]
GRC Implementation: A Structured Roadmap to GRC Software Implementation
In today’s modern business environment, organizations are constantly navigating an intricate landscape of risks, compliance requirements, and regulatory obligations. To effective GRC program to manage these GRC challenges effectively, businesses are increasingly turning to [...]
10 Signs that Indicate you Need a Better Incident Reporting Process
How many incidents, hazards and near misses does your organization experience in a year? Failing to manage and resolve incidents not only puts your employees’ well-being at risk but also the future of your [...]
Perspectivas del riesgo para 2025: Dónde prestar atención
The Double-Edged Sword: The ESG Impact of AI in Risk Management
By Kim Alderman, Director, AI Innovation Lab, Riskonnect, Inc.Artificial intelligence is transforming business – and risk management is no exception. Implementing new tech offers plenty of amazing opportunities to enhance risk assessment capabilities and [...]
7 Steps to Create a Culture of Risk Awareness
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, [...]
APRA CPS 234 Information Security Standard: A Guide to Compliance
Set by the Australian Prudential Regulation Authority, the CPS 234 Information Security standard aims to ensure that APRA-regulated entities operating in the financial sector have sound and effective information security practices to protect their [...]
Canada’s OSFI Guideline E-21: What You Need to Know Now
Canada’s Office of the Superintendent of Financial Institutions – OSFI – is the latest in a long list of governing bodies to publish new requirements for operational resilience. Guideline E-21 was published on August [...]
5 Best-Practice Processes to Prevent Bribery and Corruption in Your Organization
When it comes to protecting your business from bribery and corruption, it’s essential to have strong processes in place to detect potential cases and provide guidance to staff. Actively preventing bribery and corruption requires [...]
Risk Management Automation Software | What is it and how will it benefit my organization?
Many teams continue to use spreadsheets and manual processes to manage risk, building their risk assessment forms, risk registers, and control libraries in Excel. While spreadsheets may work as a starting point for smaller [...]
Directors Are Required to Have Oversight of Compliance Obligations in New Guidance from AICD
The Australian Institute of Company Directors (AICD) launched new guidance on directors’ oversight of company compliance obligations in October 2024. The new Practice Statement outlines the key responsibilities directors have to ensure their companies meet regulatory [...]
Your Risk Management Guide to GDPR Compliance
Enterprise risk management has a primary objective of ensuring organizations comply with the legal and regulatory obligations needed to conduct business. Companies conducting business in the EU must align their processes with the General [...]
Configuration vs Customisation: Why Not All Software Solutions Were Created Equal
There’s a common misconception when businesses are implementing a new governance, risk, and compliance (GRC) software solution that customization is the only answer to build a solution capable of meeting their unique requirements. This [...]