Risk has always been a business driver – but until recently, it has been largely focused on operational risk. In the past, risk management has primarily dealt with practical questions like, “How much risk can my business handle?” or “Do we have programs and processes to address issues?”
With the extreme changes brought by the past several years, standard risk management is no longer an option. The global pandemic has catapulted digitization forward, making work more efficient and exponentially increasing the number of cyber and compliance risks.
Today’s risks are interconnected and must be addressed in concert, across the enterprise – from the frontline to the boardroom.
This means shifting from a reactive, compartmentalized view of risk to an interconnected view is critical to building operational resilience, navigating new regulatory requirements, and safeguarding…
