Remove 2025 Remove Reporting Remove Risk Remove Risk Management
article thumbnail

New regulation intensifies focus on IT risk management and operational resilience

CIO Business Intelligence

As IT landscapes and software delivery processes evolve, the risk of inadvertently creating new vulnerabilities increases. These risks are particularly critical for financial services institutions, which are now under greater scrutiny with the Digital Operational Resilience Act ( DORA ).

article thumbnail

Data Scalability Raises Considerable Risk Management Concerns

Smart Data Collective

A report by China’s International Data Corporation showed that global data would rise to 175 Zettabyte by 2025. The Relationship between Big Data and Risk Management. While the sophisticated Internet of Things can positively impact your business, it also carries a significant risk of data misuse.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What the Digital Operational Resilience Act means for you

CIO Business Intelligence

But while there’s plenty of excitement and change underway, security risks and vulnerabilities have continued to follow right alongside that innovation. This piece of legislation in the European Union (EU) requires companies to be compliant by January 2025, meaning businesses have just under one year to ensure they’re prepared.

article thumbnail

IRM Remains Gartner Top Emerging Tech Topic in 2021

John Wheeler

The world of risk is growing more complex and dynamic as organizations navigate challenges associated with COVID-19, privacy, ethics and compliance, ESG, cybersecurity and digital business. These challenges continue to drive Gartner client demand and inquiry for integrated risk management (IRM) products and services.

article thumbnail

ISO 20022: Are your payment systems ready?

IBM Big Data Hub

Real-Time Payments, for example, have widely adopted ISO 20022 across many countries, and Wire Payments networks are also announcing their support plans, including Fedwire, Lynx and SWIFT, by the end of 2025. Enhanced Risk Management: better identify and manage risks, such as fraud, credit risk and operational risk.

article thumbnail

How to minimize remote access cyber security threats in 2024

CIO Business Intelligence

trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. As a result, companies find it increasingly difficult to manage their attack surface at the speed and scale necessary to prevent attacks. Respond to threats quickly.

article thumbnail

Personal liability: A new trend in cybersecurity compliance?

CIO Business Intelligence

Regulators began fully enforcing NIS 2 in October 2024, and DORA does not take full effect until January 2025. How steep are personal compliance penalties? NIS 2 and DORA are quite new.