The Art and Science of Risk Aggregation: Harvesting Different Metrics Across Multiple Dimensions
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The Art and Science of Risk Aggregation: Harvesting Different Metrics Across Multiple Dimensions

The credit and financial crises have proved that looking at risk management through the rearview mirrors is dangerous. Since then, organizations – especially banks and financial services institutions – recommend adopting a forward-looking approach to risk management. Organizations of all sizes now want to assess and aggregate risks across various processes, business lines, and risk […]

How the Pandemic is Forcing Businesses to Rethink Operational Resilience
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How the Pandemic is Forcing Businesses to Rethink Operational Resilience

The recent pandemic has generated an unprecedented health crisis that is affecting people and businesses globally. However, its consequences go far beyond the spread of the virus itself. It has thrown up both challenges and opportunities to organizations across industries. For the banking and financial services industry, for example, it has marked a year that […]

Internal Auditors Tap Industry 4.0 Technologies to Move from Traditional to Agile
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Internal Auditors Tap Industry 4.0 Technologies to Move from Traditional to Agile

The sudden onset of the pandemic and the subsequent lockdowns and travel restrictions have upended business around the globe. To navigate the resulting complex and dynamic risk landscape, organizations have no option but to go digital. For the internal audit function too, it has become imperative that it reinvents itself with innovative tools and technologies […]

The Third-Party Risk Perspective on Microsoft Hack
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The Third-Party Risk Perspective on Microsoft Hack

Earlier this month, tech titan Microsoft reported a state-sponsored cyber breach which is said to have impacted thousands of businesses around the globe. In a blog post, the Microsoft Threat Intelligence Center (MSTIC) attributed this breach with high confidence to HAFNIUM, a group assessed to be state-sponsored and operating out of China. The group was […]

Cyber Resilience: The New Paradigm for Cyber Risk Management
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Cyber Resilience: The New Paradigm for Cyber Risk Management

With the growing frequency and sophistication of cyberattacks, cybersecurity leaders are on high alert to implement and maintain an effective and sound cybersecurity program. Cyber risks and the challenges of ensuring robust cyber health are further exacerbated as the digital interconnectivity of people, processes, and organizations continues to intensify. Cyberattacks are growing at an alarming […]

The moment of truth for Cyber Risk and Compliance
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The moment of truth for Cyber Risk and Compliance

The recent MetricStream IT Risk and Compliance Survey Report 2021 reveals a deep divide between IT Cyber Risk Management Strategy and Actual Practice. ______________________________________________________________________________ Since COVID-19, the pace of digital transformation has accelerated dramatically increasing our dependence on technology. Almost everything we do today is digital-first. Unfortunately, this has opened doors to new risks that […]