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.
5 Business Continuity and Resilience Myths Explained
Are outdated assumptions quietly undermining your resilience program? Organizations continue to invest in business continuity and operational resilience, using technology to support business impact analyses, recovery planning, testing, and threat detection. Yet when disruption [...]
The Role of the Modern Risk Professional
Today most businesses understand the real value of risk management and how it can protect the business and uncover opportunities for growth and expansion. With firms looking to gain more from their risk management [...]
Risk Appetite vs. Risk Tolerance: What Are the Differences?
Risk appetite vs. risk tolerance: These two terms are often confused and even used interchangeably. While they both provide guidance for deciding how much risk to take on, risk appetite and risk tolerance are [...]
What Happens After an Audit?
While audits are a great tool to help management better understand an organization’s performance and ensure compliance, they are a rather daunting task requiring time, effort, and resources. The findings from audits and any [...]
New Riskonnect Survey: Cybersecurity and AI Are Biggest Challenges
Geopolitical tensions are escalating, economic conditions are volatile, and workforce talent is in short supply. But the top risk driver is cybersecurity, according to a new Riskonnect survey. Concerns over AI also continue [...]
How to Be an Internal Advocate for Driving an Integrated Approach to Risk Management in Your Organization
By Andrea Brody, Chief Marketing Officer, Riskonnect Integrated Risk Management (IRM) brings together different risk domains—such as cybersecurity, compliance, financial, and operational risks—under a unified strategy to better manage risk across the organization [...]
Why Effective Controls are Essential to Mitigate Risk
Implementing effective controls is an essential component of any risk management program. ‘Controls’ are measures that an organization must put in place to successfully minimize, mitigate, or manage risk levels enabling them to [...]
An Effective Project Risk Management Process in 5 Steps
All projects involve some risk – cost overruns, delays, and deliverables that don’t meet quality standards. But with an effective project risk management process, you can systematically identify risks, manage your responses, and [...]
How to Take the Right Level of Risk to Achieve Your Strategic Objectives
All organizations must take a certain degree of calculated risk to grow and mature their business. But how can senior leaders decide which risks are worth taking? To make the right decisions they need [...]
15 Key Features to Look for in Your Next GRC Platform
Effective risk management is crucial for safeguarding your organization’s assets and reputation and for ensuring long-term success. As threats and vulnerabilities become increasingly complex and operations become heavily reliant on systems and technology, [...]
How to Make a Business Case for GRC
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 [...]
How to Lessen the Pain of Ransomware Attacks
Ransomware attacks have skyrocketed. Nearly three-quarters of businesses worldwide have been hit with an attack. And the cost of these attacks is exploding. Consider Change Healthcare, which expects to rack up as much [...]
A New Era: Embracing the Role of Digital Risk & Resilience
By Michael Rasmussen, The GRC Pundit & Analyst, GRC 20/20 Research In the rapidly evolving landscape of governance, risk management, and compliance (GRC), information security is undergoing a significant transformation. This evolution reflects [...]
AI in Risk Management: Dangers, Opportunities, and How Best to Use It
Using AI in risk management may be slightly scary because there are so many unknowns. The possible efficiencies and insights are certainly tantalizing – but are the risks significant enough to be a [...]
Are Investment Banks Prioritizing Market and Credit Risk at the Expense of Operational Risk?
Is the intense focus on market and credit risk in investment bank risk management leading to the neglect of significant operational risks? With many modern financial firms heavily reliant on digital systems, mobile apps, [...]
What Is a Key Risk Indicator and Why Is It Important?
Key risk indicators – or KRIs – are canary-in-the-coalmine metrics that can alert you to changing conditions. They are your early indication of an increase or decrease in risk exposure in various areas [...]