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.

article thumbnail

What the Digital Operational Resilience Act means for you

CIO Business Intelligence

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. But what exactly does this policy mean for IT security? And how can businesses ensure they’re ready? So, with no time to waste, where should they get started?

Insiders

Sign Up for our Newsletter

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

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 Build Security and Resilience into Your Digital Transformation

CIO Business Intelligence

1] Gartner, 4 Major Sourcing Trends for a ‘New Normal’ World: Change, Outcomes, Risk and Agility | Published 23 November 2020 – ID G00733227| By Claudio Da Rold, Fabio Di Capua, Katie Gove, Andy Rowsell-Jones. [2] Cloud Management Find more about it here. [1]

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.

article thumbnail

Sharing Responsibility for Data Security in the Cloud

CIO Business Intelligence

As organizations shape the contours of a secure edge-to-cloud strategy, it’s important to align with partners that prioritize both cybersecurity and risk management, with clear boundaries of shared responsibility. trillion mark by 2025, noted the “ 2020 Cybersecurity Ventures ” report. million associated with information losses.