Peter WONG, Head of Information Security and Compliance – APAC, Edenred
One of the biggest challenges for organizations is how to justify and prioritize the risks identified in cyber security with the effort to mitigate them and align them with business goals. This is because risk management is often seen as an isolated function, separate from the rest of the organization. As a result, organizations may be managing risks that are not aligned with their overall business objectives.
One way to address this challenge is to integrate risk governance with value chain analysis. Risk governance provides the overall framework for managing risks, while value chain analysis helps to identify and assess the specific risks associated with each activity in the value chain.
Risk governance is the framework and processes that an organization uses to identify, assess, manage, and monitor risks. It is essential for any organization that wants to achieve its strategic goals and protect its value.
Value chain…