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Hi Global Risk Community member,

In today's rapidly evolving business landscape, organizations are embracing new technologies to adapt to changing circumstances. New technologies expand business capabilities including process re-engineering and automation which has revolutionized the way businesses operate, making them more efficient and agile. Additionally, cloud platforms have provided universal access to applications, empowering mobile and remote workforces.
 
However, these transformative ev

On company’s risk dashboard, the signal for operational risk should be flashing red. Over the past ten years, losses from operational risk have soared. Companies that want to achieve a sustainable and profitable business need to focus on building a framework to manage operational risk.

What Is Operational Risk?

Operational risk summarizes the risks a company undertakes when it attempts to operate within a given field or industry. Operational risk is the risk not inherent in financial, syste

Operational risk and its supporting software play a critical role in an organization; but how can its activities add value along the way?

Have a look at the White Paper: Operational Risk and Supporting Software and learn from recent trends in operational risk, risk management and GRC software to support risk identification, assessment, consolidation, and more.

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What are your thoughts on this topic? Please share in the comments

I’m writing to invite you to webinar titled “ Mastering Operational Risk. Theory and Practice in a single package” on June 27 at 10:00am EST / 15:00 BST. 

Join me and our guest, Calvin Lee, Operations Director at RISKID, for a lively discussion as we aim to dispel confusion surrounding many of the elements of the Operational Risk framework.

This webinar is designed for both current students of the “Mastering Operational Risk” online course and for other busy risk professionals who are interest

Volumes have been written on the cause of the crisis the world is in, surveys have been done and many fingers are pointing in every direction—a couple of these are pointing straight at us, the Risk Professionals.

It is time for us to accept that risk management, as we know it, failed; and for as long as we try to re-direct or break the fingers pointing at us—we will be stuck in this crisis. It is time to renovate risk management. The past is no longer a roadmap for the future.

Let us come clean an

Early in 2012, SAP commissioned an independent study to understand how companies are preventing access risk and fraud.  A vast majority of the 183 research respondents confirmed that managing access risks were "very" or "extremely" important to senior leadership in their organizations. Yet the same group found it challenging to establish and maintain a program for