Risk Management has assumed great significance in the global economic scenario. More and more companies are recognising the need for implementing the concept in their organisation. Unless risk is monitored properly the very existence of business may be at stake. The technological advancement has revolutionised the ways of doing business but at the same time has posed new challenges to manage and contain risk.
In western countries, Risk Management is an important area which has attracted the attention of Bankers, Insurers, Financial Institutions, Government, business houses, in forecasting the imminent risk in undertaking any project/work and taking suitable precautions to avoid or minimize the adverse impact of risk. Read more
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News and Updates
Cloud Adoption Keeps Accelerating, But Risk Management Falls Behind
Cloud risk management practices are having a hard time keeping pace with cloud technology itself, according to a recent survey by the nonprofit Cloud Security Alliance (CSA). “As the cloud model evolves and enterprises shift toward a heavier reliance on Read More …
Role of Digital in Risk Management and Compliances
Tectonic shifts have taken place in the global business and risk environment over the years. The dynamic and sometimes disruptive business landscape mandates robust risk and compliance management. Organisations are exposed to fragile supply chains and appreciate the criticality of Read More …
RBI urges NBFCs to enhance risk management amid rising personal loan exposure
The Reserve Bank of India (RBI) has expressed concerns about the escalating exposure to personal loans and has instructed non-banking finance companies (NBFCs) to bolster their risk management systems. This directive was issued during the RBI’s monetary policy review on Read More …
How To Protect Your Consumers Against Email Fraud
While shopping online, consumers regularly hand over their personal and financial data, so retailers should protect their domains from unauthorized use. If they don’t, their domains could be used in business email compromise (BEC) attacks, phishing emails, email scams and Read More …
Can new regulations help you rebalance the risk and reward scales?
Business leaders have always faced uncertainty and change. But today’s global supply chains and communication channels are more interconnected than at any other time in human history. Our geopolitics, cross-border relationships, and competitive dynamics are more complex. And technological disruption Read More …
What changes will GenAI bring to risk management?
The introduction of GenAI has brought wide-ranging and disruptive change to a vast range of industries. In the area of risk management, this is no different. According to Flagright growth manager Joseph Ibitola, the emergence of GenAI is poised to introduce both Read More …
Top Trends in Governance, Risk, and Compliance for 2023
As the impact of the COVID-19 pandemic declines, businesses are getting ready for future growth with enhanced business goals. However, there is a potential for new challenges and risks in the coming years with changes to regulatory compliances businesses need Read More …
Michael Milken says recent crisis is the same mistake banks have been making for decades
Famed investor Michael Milken said Tuesday that the current banking crisis stemmed from a classic asset-liability mismatch that has played out miserably time and again in history. “You shouldn’t have borrowed short and lent long… Finance 101,” Milken said on Read More …
Harnessing The Power Of AI In The Insurance Sector
The insurance industry has undergone significant changes over the years. The integration of advanced technologies such as artificial intelligence (AI) has paved the way for further evolution, offering improved efficiency, reduced costs and enhanced customer experience. Various AI applications are currently Read More …