Your vendors are likely your biggest cybersecurity risk

Your vendors are likely your biggest cybersecurity risk As speed of business increases, more and more organizations are looking to either buy companies or outsource more services to gain market advantage. With organizations expanding their vendor base, there is a critical need for holistic third-party risk management (TPRM) and comprehensive cybersecurity measures to assess how much risk vendors pose.

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Top reasons why Africa should act now to address cybersecurity threats

Top reasons why Africa should act now to address cybersecurity threats As businesses become global and interconnected through the help of the internet, the ability to protect the data of partners and clients has become one of the fundamentals behind every business decision. The increasingly complex nature of the financial market creates a unique situation where there are a lot of access points that can be used by attackers to penetrate systems and acquire data. Thus, companies should protect those points through applying proper cybersecurity practices so that they are not abused.

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Risk of cybersecurity concerns UAE

Risk of cybersecurity concerns UAE Since the start of the Covid-19 pandemic, cybersecurity failure has been identified among the top 10 risks that have worsened the most. This is as reported in a new research by the World Economic Forum, ‘The Global Risks Report 2022.’

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Cybersecurity threat viewed as ‘top risk’ for Asian companies

Cybersecurity threat viewed as ‘top risk’ for Asian companies As cyberattacks become more aggressive and sophisticated, Asian companies have taken notes on those incidents and viewed cybersecurity and data privacy as their priority people-related risk, according to a report by Mercer Marsh Benefit (MMB).

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Greater Alignment of Corporate Sustainability, Compliance, and Risk to A Better Growing ESG Issues Management

Greater Alignment of Corporate Sustainability, Compliance, and Risk to A Better Growing ESG Issues Management Corporate sustainability, risk management, and compliance have typically been considered three separate disciplines. However, there is growing concern about the issues surrounding environmental, social, and governance (ESG), which can be addressed by a closer alignment.

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Aligning ESG Risks with Enterprise Risk Management

Aligning ESG Risks with Enterprise Risk Management ESG risks are now playing a much larger role in contributing to the overall risk exposure of organizations. For instance, some jurisdictions have developed corporate regulations targeting climate sustainability, while some financial regulators have adopted specific requirements regarding ESG disclosure rules. Consumers are also making buying decisions based on a company’s ESG standings.

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Where are we heading with ESG?

Where are we heading with ESG? We should all be aware of the impact of humankind on our planet: Climate change is here, its effects are exponential, and it is causing—and will continue to cause—an existential human crisis. The evidence is plain. We cannot deny the situation exists.

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Improving ESG Risk Mitigation Practices May Benefit Business and Shareholders

Improving ESG Risk Mitigation Practices May Benefit Business and Shareholders The Environmental, Social, and Governance (ESG) aspects of companies have been widely considered by investors and other market participants, consumers, and stakeholders. In two research studies released by Moody’s Analytics recently, it is revealed that companies that cultivate a more responsible ESG method and strive to mitigate ESG risks experience fewer ESG-related controversies and achieve better shareholder returns. More precisely, the ESG risk management policies and actions along with the ESG scores that measure them contain financially relevant information for shareholders.

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4 Types of Beneficial Risk Management Technology

4 Types of Beneficial Risk Management Technology Advancements in technology enable risk management projects to be more manageable. The assistance from risk management technology provides swift insights that can lead to wise decisions. Risk management technology can be used as a separate tool to achieve efficiency and effectiveness in projects that ultimately provides your organization with great profitability and sustainability in the market.

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Different Information Technology That Has Impacted Risk Management

Different Information Technology That Has Impacted Risk Management How Does Information Technology Influence Risk Management? Due to massive advancements in information technology, it has impacted various life domains like marketing, entertainment, learning, politics, and business. One of those domains happens to be risk management, which was greatly impacted by this advancement mainly because it’s based on data. Information technology has made it easier to automate all of the processes whether it is risk identification, monitoring, and so on. Certain new technology is highly important when it comes to risk management such as enterprise resource planning (ERP), analytics, cloud computing, Big Data, mobile applications, and GRC (governance, risk, and compliance) systems. Because of advancements in technology, people in management, people outside organizations, and risk managers can also improve.

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