Here is a synopsis of the organization and its strategic challenges: The organization operates within the Power & Utilities sector and is grappling with heightened Financial Risk exposure due to volatile energy markets, regulatory changes, and the transition to renewable energy sources. As a result, the organization's financial performance is increasingly unpredictable, with cash flow pressures and a need to reassess risk management strategies to maintain investor confidence and secure long-term
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Hi Global Risk Community member,
What started as occasional, even optional, usually manual, user and role reviews, has now morphed into consistent controls, looking more frequently and deeper into the ‘who’ and ‘how’ around access to business applications.
Join Fastpath and the Chartered Institute of Internal Auditors (IIA) as we discuss the past, current, and potential future state of user and role access certifications.
Thursday, February 22 – 4pm GMT / 11am ET
Often, those resp
The time has come to reveal, what happened while we were on New Year's holidays. In this latest digest we discuss a selection of IS incidents that the media reported about in January. The set includes details on: mass leak of medical data; hijacking of social network accounts; vendors, promptly sharing confidential information with hackers.
HEY, IT'S THE CEO
What happened: laptop maker Framework notified users that their data was leaked in an incident at the side of the company's partner.
How it h
The significance of policy management software in the financial sector is twofold. Firstly, it plays a pivotal role in maintaining compliance with various regulatory bodies. A robust system is indispensable in the financial industry, where non-compliance can result in hefty fines and legal complications. Secondly, it streamlines internal processes, making policy dissemination and adherence more efficient and less prone to human error.
Challenges of Policy Management
The journey of managing policie
In modern business's complex and ever-evolving landscape, Governance, Risk, and Compliance (GRC) has emerged as a cornerstone for sustainable and successful organizational strategies. Understanding what GRC software entails and its significance in today's corporate world is crucial for businesses aiming to navigate their myriad challenges.
What is GRC?
GRC stands for Governance, Risk and Compliance. It represents an integrated collection of capabilities that enable an organization to reliably achi
With the global Insurance AI market predicted to be worth $79.86 billion by 2032 (Precedence Research), it’s crucial to stay on top of investment trends, adoption case studies, and success stories.
To help with this challenge, Reuters Events surveyed 700+ carriers to discover their experiences on the integration of AI in insurance, producing a 10-minute read summarising the key stats in an easy-to-digest format.
Download the report here: The Future of AI in Insurance
This comprehensive infographic
IMARC Group, a leading market research company, has recently released a report titled “China Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the China online gambling market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the China Online Gambling Market?
The China o
According to IMARC Group’s latest report, titled “Automatic Identification and Data Capture (AIDC) Market Report by Offering, Product Type, Vertical and Region 2024-2032", the global automatic identification and data capture market size reached US$ 56.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 158.7 Billion by 2032, exhibiting a growth rate (CAGR) of 11.8% during 2024-2032.
Industry Definition and Application:
Automatic identification and data capture (AIDC) re
Service or service delivery is seldom the primary concern of manufacturers; their attention is generally limited to the ultimate product.
Digitization and the Internet of Things (IoT) are instigating a fundamental transformation in the operational practices of manufacturers, transcending industries and geographical boundaries. To differentiate themselves in their respective industries, manufacturers around the world are integrating technological features into their products.
In the realm of manu
Navigating the complex landscape of vendor relationships is a critical aspect of modern business management. With nearly 80% of organizations having formal programs for vendor risk assessments, it's clear that understanding and managing these risks is a top priority.
However, about 30% of these organizations lack dedicated staff for this task, underscoring the need for more focused attention on vendor risk management. This blog sheds light on the various types of vendor risks and provides insight
IMARC Group, a leading market research company, has recently released a report titled “Transportation Management System Market Report by Transportation Mode (Railways, Roadways, Airways, Waterways), Offering (Software, Hardware, Services), Deployment Type (On-Premises, Cloud-based), Application (Retail and E-commerce, Manufacturing, Logistics, Government Organizations, Healthcare, Travel and Tourism, and Others), and Region 2023-2028”. The study provides a detailed analysis of the industry, incl
Enterprise Risk Management (ERM) in the insurance industry represents a comprehensive approach to identifying, assessing, and strategically managing an organization’s risks. This practice is not just a regulatory requirement but a fundamental aspect of maintaining financial stability and safeguarding the interests of policyholders.
At its core, ERM in the insurance sector involves a series of steps to understand and mitigate risks. These steps include identifying, assessing, and mitigating poten
According to IMARC Group, the global NoSQL market size reached US$ 9.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 74.5 Billion by 2032, exhibiting a growth rate (CAGR) of 24.9% during 2024-2032.
The report has segmented the market by database type (key-value based database, document based database, column based database, graph based database), vertical (BFSI, healthcare, telecom, government, retail, and others), application (data storage, metadata store, cache m
