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 [...]
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 [...]
Boost Your Organization’s Resilience with ISO 22336
At any moment, a host of causes could disrupt your operations and have you scrambling to get back to normal. Natural disasters, climate changes, global conflicts, pandemics, epidemics – any could bring your organization’s [...]
The Role of Cybersecurity Risk Assessment Software in Mitigating Cyber Threats
Most companies rely on a variety of systems, platforms and applications to run their operations. This digital approach has seen organizations face a growing number of cyber risks and cybersecurity challenges, from phishing attacks [...]
5 Ways to Get Visibility of Third-Party Risk and Automate Vendor Risk Management
Third-party suppliers play a critical role in the success of an organization. However, poor performance, financial instability, data breaches, or compliance failures from a vendor can create significant risks, affecting operations, finances, and reputation. [...]
Managing Risk in the Pharmaceutical and life sciences sector
The pharmaceutical and life sciences industry has always been associated with groundbreaking trials, discoveries, and innovation. However, this experimental work also exposes pharma companies to an exorbitant amount of risk. High risk areas include [...]
10 Signs that your Policy Management Process Needs an Upgrade
As a business grows, so too does its library of policies and procedures. Has your policy management team gotten noticeably busier? Perhaps policies are becoming mis-managed or out-of-date as a result leaving the organization [...]
New Survey Reveals How Organizations Are Using AI to Manage Risk
Risk managers are seeing the value of generative AI and putting it to work to help them do their jobs, a Riskonnect survey shows. The most frequent uses of AI were risk forecasting [...]
Tackling Bribery, Money-Laundering, Misconduct, Conflicts of Interest, and Sanctions Breaches in Healthcare
Healthcare providers play a crucial role in society providing care for those in need. Most healthcare providers are either funded by the taxpayer or by payouts from insurance premiums, and they work with a [...]
CPS 230 Implementation: Your Roadmap to Compliance
Financial Services institutions are facing heightened operational risks that can affect business operations and impact resilience. In response to these challenges, the Australian Prudential Regulation Authority (APRA) introduced CPS 230, a new prudential standard aimed at improving the [...]
Effective Strategy Execution in the Education Sector
Successful businesses don’t cross their fingers and hope they will achieve their goals; they anchor the programs that underpin them into strategic planning processes so they can act proactively, and the education sector should [...]
Gambling with Compliance is a Risky Bet
The gambling and gaming industry is built on taking risks. The thrill and excitement based on calculated risk taking and skilful gaming has fueled a booming market: the global gambling and gaming industry is [...]
Why Incident Management Apps Are a Must-Have
Organizations must be equipped to resolve incidents efficiently to maintain operations and protect staff and customers. Whether it’s a safety incident, IT failure, compliance breach, or operational disruption, organizations need a seamless way to [...]
IFRS S1 and S2: How to Achieve Sustainable Success
IFRS S1 and IFRS S2 are the first ESG reporting standards released by the International Sustainability Standards Board. Together, these standards provide a framework for aligning financial and sustainability reporting. While these are [...]
Boost Efficiency: Municipal Project Management Software
From building trust to dealing with stretched budgets, change management, contractors, and dependencies; federal, local, and state governments have a lot to consider when overseeing their complex portfolio of projects. Utilising municipal project management [...]
4 Common IT Security Integration Pitfalls and How to Avoid Them
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 [...]