Businesses are facing constant changes, especially after a year like 2020. As such, risk management is crucial. And a tactic many organizations use to tackle risk and compliance is mapping controls.

If most midsize companies have a formal risk management process, why did so many fail even in pre-pandemic years?The problem is that risk heat maps — many companies’ primary tool for assessing ...

The COVID pandemic itself didn't fundamentally change how risk management for pension plans should be addressed, but it did confirm why it’s important to have a sound risk management framework.

Adopting a modern, process-centric approach to compliance and risk management is like building a well-oiled machine. When each component works smoothly together, the whole system becomes more ...

Implementing ERM takes total commitment by management, as well as recognition by the board of its responsibility. Clarify the organization’s risk philosophy. As discussed in the COSO ERM framework ...

The 48-page document, which you can access here, seeks to help organizations approach AI risk management in four ways, dubbed the RMF Core functions, including Map, Measure, Manage, and Govern. First, ...

The Army adopted the Risk Management Framework in 2015. Since then, as has been the case in other Services, the process has been wrought with challenges including training, time to execute, number ...

How Does Third-Party Risk Management Work? Third-party risk management is a process that helps a business automatically vet potential vendors. IT leaders can run risk assessments through ServiceNow’s ...

Addressing justice in wildfire risk management Date: July 10, 2023 Source: International Institute for Applied Systems Analysis Summary: The unequal distribution of wildfire risk in our society is ...