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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. In addition, they can use several strategies to manage data breaches.

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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.

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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 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.

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10 hottest IT jobs for salary growth in 2023

CIO Business Intelligence

There’s a strong need for workers with expertise in helping companies make sense of data, launch cloud strategies, build applications, and improve the overall user experience. The demand for project managers has grown, with salaries for this role increasing by 15.6% percent since 2021, according to Dice.

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Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition to a tragic loss of life. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

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The Top Financial Reporting Publications for 2021

Jet Global

Find new ideas and classic advice on strategy, innovation and leadership, for global leaders from the world’s best business and management experts. Financial Management. Coverage includes original reporting on new accounting standards, recent capital-raisings, risk management, and professional career development.