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Cyber Risk, Digital Risk and The Digitalization of Risk Management

John Wheeler

However, for security and risk management professionals it can make a huge difference. Take for example the terms cyber risk, digital risk and the digitalization of risk management. Viewed together, the three terms represent key aspects of integrated risk management (IRM).

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Gartner Explores Tech Innovations in Integrated Risk Management

John Wheeler

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. The culmination of the review effort will be our inaugural “Emerging Technologies: Tech Innovators in IRM, 2021” report slated to publish in late June.

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How BI Improves Risk Management within Organisations

Sisense

As businesses adapt to the pandemic and shift to new norms, risk mitigation strategies have become as normal and ubiquitous as having a fire escape in the office. Smarter, AI-driven learning and development initiatives will help mitigate risk in our rapidly evolving world. Minimising risk by ‘infusing’ AI. ” Anna adds.

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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. What is a model?

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IRM 2021: The Year of Uncertainty and Change

John Wheeler

Regulations were set aside and associated technological and business risks were given low priority to help with the larger effort to “slow the spread” of the virus. We all looked to 2021 as a year of recovery and renewal. Unfortunately, 2021 will be much different. – Gartner, January 2021. .”

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Five Ways AI Can Help States Solve Their Hardest Problems (Part 2): Mitigate Risk and Fraud

DataRobot

Their increased usage has also led to new challenges related to compliance, misuse, and fraud risk. Thomas Reuters 2021 Government Fraud, Waste, and Abuse Study found that 93 percent of government officials believed fraud, waste, and abuse rates will be maintained or increase in 2021. WHITE PAPER. Download Now.

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Data Loss: Hazards, Risks and Strategies for Prevention

Smart Data Collective

A Security Intelligence article cites that the 2021 average cost of a data breach is $4.24 Remote working has also created greater data security risks. But in 2021, the average cost reached $9.23 In 2021, $180 is the average cost of a lost PII. Risk assessments. million, the highest on record. Conclusion.

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