Seeing the bigger picture
‘Could this happen to us?’ is fast becoming a familiar question posed to Heads of Risk and Security in boardrooms across the country. Heavily publicised failures are a stark reminder of the reputational and financial damage that can ensue.
Heightened regulator focus, coupled with unprecedented executive attention, have created a challenging environment for the Risk function. Not being able to view a complete picture of their risk landscape is one of the key challenges.
Being aware and in control
Having a clear process to identify and understand IT risks allows organisations to address the risks associated with business change and the live environment ahead of impact.
Having the right tools for the job
Using a centralised global risk and control repository embedded into the first line of control places responsibility where it belongs.
Having reliable information at your fingertips
Accessing up-to-date and accurate management information is crucial for proactive and consistent risk identification and reporting.
Technology risk continues to evolve with threats becoming ever more sophisticated and difficult to mitigate against. This, in addition to the ever increasing regulatory focus means the role of Risk functions within organisations is evolving rapidly, with ever more expectation on the assurances and services they provide.