What should risk managers consider when embarking on the Artificial Intelligence journey?
Whether we like it or not, the age of Artificial Intelligence (AI) is here. It has been here for quite some time but it is only lately that technological development has pushed it concertedly into the spotlight. The Covid-19 pandemic has spurred more businesses and individuals to go online, which
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
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
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
The 8 operational risk taxonomy that you should know
Operational risk, the loss resulting from inadequate or failed internal processes, people and systems, or other external events is essentially juggling every aspect of operations; everything passes through your hands, and you cannot afford to take your eyes off the objects you’re juggling for even a second. As environments grow
Preparation is key, no one is spared from cyber attack
At the tail end of 2019, Travelex, one of the world’s largest retail currency dealers, had its systems hacked. The hackers demanded a US$6 million ransom, or they would go public with Travelex’s customers’ sensitive data, which included credit card information. Travelex was forced to take its services offline, and
Virtual Risks Can Be A Real Nightmare
‘Cybersecurity is no longer just a technology issue: it is a business one too’ – Neil Campbell, Director of Security Solutions of Australia’s leading telecommunication company, Telstra A local university was recently threatened with the potential leakage of personal details of more than 1 million students and alumni if they failed