While business risks abound, including intensified cybersecurity attacks, the impact of rapid technological advances and increasing regulations, there are healthy ways to uncover and mitigate risks.
Organizations are moving away from a siloed approach to reducing operational risks. Instead, they are seeing success with an integrated risk management (IRM) strategy.
IRM brings more data and business intelligence into the equation. By integrating risk intelligence with business intelligence, IRM lessens uncertainty and improves business decision-making.
To understand the full scope of risk, proactive organizations require a comprehensive view across departments, technology, and processes to determine their overarching risks and how to best handle them- whether to avoid their implications or drive value and determine the opportunity.
NAVEX Global’s recent survey of IT security professionals inquired about the state of risk alignment in their organizations. Respondents reported that IT and cybersecurity risks were broadly considered a part of their organization’s overall risk profile. In fact, 95% said their organizations include cybersecurity within their IRM…
