Risk managers and organisation should overcome the mental block of digitisation
Risk management is, to a great extent, about the psychology of managing risk. People have to accept that there is risk to begin with, then understand how to deal with it. In the process, they develop individual perspectives and approaches to risk which are further supported by organisational systems and processes.
Is innovation worth the risk?
Are companies that don’t innovate doomed to oblivion? Examples abound of firms that didn’t keep up with the times, and paid the price by not living to tell the tale. Kodak comes to mind. While rivals like Fuji moved on from manufacturing film to other products like digital cameras and
What does Digitising Enterprise Risk Management mean?
Digitisation has transformed many industries – media, transportation and retail, to name a few. Most organisations have accelerated their digitisation capabilities, being aware that if they do not, they will not survive. But this may not be enough for the New Normal; indeed, organisations which want to succeed in the
Effective Cybersecurity Needs a Firm Base
Cybersecurity risks loom large in the risk management process. ERM principles and best practices have been found to boost the robustness of organisations’ cybersecurity and overall technological resilience. This is particularly important in view of the growing number and levels of sophistication of cyberattacks. Very often, the ripple effect and
Digitisation: Is It Worth It?
In the rush to keep up with the competition, it is inevitable that the focus will be on setting up systems, training personnel, and ensuring everyone is up to speed with the latest software. But very often, not enough attention is paid to managing the risks which are inherent in
Cybersecurity: New Risks in the New Normal?
It has taken a pandemic to show organisations where the gaps in their risk management systems are. With Covid-19 has come fear and anxiety, uncertainty and disruption the likes of which has never been experienced since World War II. When lockdowns were instituted across various countries, working from home (WFH)
Increasing need for CyberSecurity awareness in companies
Technology is truly a double-edged sword. You can’t live without it in today’s business environment but living with it invariably entails coming to grips with all its attendant risks – and there are many! Imagine how liberating it would be, if technology was allowed free reign in support of business
Managing data to manage your risk
Do you know where your data is? In the event of a cyberattack, how fast can you reconstruct the data your business runs on? Every firm is fair game for cyberattackers, even if you think you don’t have “important” data? A cyberattack will do more than rob the firm of
Steps that you can take to blunt the edge off cyber attacks
Cyber threats have been around as long as there have been computers; it is only fairly recently, however, that we have become aware of their extent, and how damaging they can be. In the past three decades, we have seen various worms, viruses, trojans, malware and ransomware increase in virulence