Meenakshi Chakravarty

Cyber risk management is a regulatory priority for 2024. It's more than pin testing and training - find out what your firm should be doing to mitigate cyber risk. https://lnkd.in/g-xSDquz

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🔒How exactly does third-party risk management (TPRM) work, and why is it so crucial for a robust cybersecurity strategy in the financial sector? Get the answers in our new "Complete Guide to Third-Party Risk Management for Financial Services." Learn how to build an effective TPRM framework tailored to the needs of financial organizations. Download now: https://lnkd.in/dh9hNRpA #tprm #finacialservices #fintech

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Did you know? There are key differences between operational risk management (ORM) and enterprise risk management (ERM). It’s important when setting up your program(s) that you understand your objectives. 1. Enterprise Risk Management (ERM): - ERM takes a holistic view of risk across the entire organization. It involves identifying, assessing, and managing risks at the enterprise level. - The focus is on aligning risk management with strategic objectives, enhancing decision-making, and optimizing resource allocation. 2. Operational Risk Management (ORM): - ORM is a subset of ERM. It specifically deals with risks that exist within programs, functions, and processes. - Unlike ERM, which seeks to optimize intentional risks and improve decision making, ORM aims to eliminate or minimize risks. It is more protective and reactive in nature. In summary, ERM looks at risks from a broader organizational perspective, while ORM focuses on risks inherent in specific processes, systems, and operations. How do you differentiate, and integrate, these important tools?

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Missed our Enterprise Risk Management (ERM) Virtual Summit? No problem. We’ll be sharing key takeaways from the event right here! To start off, we want to paint you a picture of the current risk climate: few governance professionals are feeling prepared to start implementing ERM strategies. Once more, limited resources and/or budget constraints are preventing them from building the resilience needed to mitigate cyberattacks. One key to overcoming this challenge? Technology. Software is a win-win for employees and organizations. Automating routine tasks not only reduces long-term costs, but also frees up leaders to focus on more strategic initiatives.💡 Looking to learn more about the current ERM landscape? Circle back to our page in the next few weeks for a closer look at the challenges and solutions for ensuring effective oversight. #ERM #RiskManagement #CyberSecurity #ERMSoftware

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Did you know that Compliance.ai seamlessly integrates with the leading GRC systems? Find out how Compliance.ai can easily help automate your #compliance programs today. Request a demo today! https://lnkd.in/dJ6NUqfT

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Free download: 11 visual risk reporting templates used by risk leaders at multinational organisations 👇 How do leading CROs engage the board on risk? Creating visual risk reports is a great way to catch the eye of your senior leadership team and kick off meaningful discussions about risk. During various collaborations to support our members with the challenge of creating engaging internal risk reports, risk leaders have shared successful templates they use. This download collates 11 of those visual templates used by CROs and heads of risk at some of the largest organisations in the world. https://lnkd.in/efgy3yF8

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Updates Proposed to ‘Green Book’ Guidance on Internal Agency Controls - FEDweek: Updates Proposed to ‘Green Book’ Guidance on Internal Agency Controls  FEDweek #CyberSecurity #InfoSec #SecurityInsights

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Intro to ASPM, Day 4: Risk Exceptions Your ASPM platform needs to be able to handle and document risk exceptions. Without a mechanism to manage risk exceptions, you’ll be stuck in a place where yet-another tool will be required for your security program to function. ASPMs should provide a single source of truth for your AppSec operations, including risk exceptions. Discover more about ASPM in the blog:https://lnkd.in/gsjKtJ22

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Episode 49 of The Week in Identity Podcast by The Cyber Hut is now live. After a small spring break, Simon Moffatt and David Mahdi return with a special episode focused on the convergence of identity and access management and fraud. Why the convergence? How to measure success? What are the three 'V's' as they relate to fraud? How should people and process adapt to keep up with technology changes? And how to thwart the asymmetric advantage of the fraudster? Listen now -> https://lnkd.in/eh6bWC-f

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Regulatory changes & Compliance issues are the most significant challenges risk officers will face over the next 2-5 years. Chief Risk Officers “cited AI & machine learning as the most vital digital tools to accelerate risk management processes in the next 5 years.” More insights from the KPMG risk services team:

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Did you know that over half (53%) of UK businesses have been forced to reject potential customers due to a lack of risk visibility? Dive deeper into the findings here 👉 https://bit.ly/45jbm8D #compliance #riskmanagement #datainsights 

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📣 #RISK London exciting partnership announcement! The Institute of Risk Management (IRM), the world's leading professional body for Enterprise Risk Management (ERM), is partnering with #RISK London 2024! IRM empowers organisations and individuals to excel in ERM, fostering a risk-aware culture that safeguards value and capitalises on opportunities. 🗓️ Mark your calendars for 9-10 October 2024 at ExCel London! Join us at #RISK London, the UK’s leading risk focus expo and conference. What to expect:  🔍 Break Down Silos: Integrate privacy, GRC, AI, cybersecurity, compliance, and ethics for a holistic approach to risk.  🔧 Enhance Resilience: Make informed decisions, allocate resources effectively, and improve organisational resilience. Register for FREE and gain insights on:  ✅ Policy and Regulation in the Age of AI  ✅ Data Protection Training: Empowering Your Workforce  ✅ Building A Business Case For GRC  ✅ Innovations in Threat Detection and Incident Response  ✅ Staying Compliant in a Shifting Regulatory Landscape  ✅ Leveraging Analytics and AI for Smarter Decision-Making  ✅ Building a Comprehensive RegTech Strategy  ✅ Fraud Detection and Prevention  And many more! Don’t miss this chance to network with industry leaders and stay ahead in the ever-evolving risk landscape. 🎟️ Register your free pass here & learn more: https://lnkd.in/etwjJcB9 #RiskManagement #ERM #RiskLondon #RiskConference #IRM #RiskExpo #GRC #Cybersecurity #AI #Compliance #RiskAwareness

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What does enterprise risk management (ERM) mean to you? ERM is a critical process for organizations to manage risks effectively across all levels. However, several misconceptions surround ERM. These can hinder its implementation or effectiveness. Below are three examples of common misconceptions and corrective facts - Add your own in the comments!

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Don't be caught off-guard. Always stay ahead of the curve with a comprehensive business risk assessment and Implementation plan 🏋‍♂️. Here's the justification 👇 https://lnkd.in/eqiPxBe3 #OutputOutcomes #RiskManagement

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🖥👀 It's time for one of the most popular parts of SPF: the Hands-On Labs. In this interactive session featuring multiple demo stations, attendees get a deeper understanding of our solutions and the latest highlights. #EnablonSPF #EHS #ESG #RiskManagement #OperationalRiskManagement #ControlofWork

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