Managing Fraud Risk: Prevent, Detect, and Respond
Managing fraud risk differs from other risks as these intentional misconduct are specifically designed to evade detection.
Organisations need to realise the importance of addressing fraud risks strategically and move away from being reactive, to adopting a proactive approach.
Fraud Risk Management in Internal Audit
Several high-profile and large-scale corporate fraud cases have made headlines in recent years. Investigations into a number of these frauds have identified that many of them took place over a significant period of time and often resulted in crippling impact to, and even the demise of, the victim organizations.
Allianz Risk Barometer – 2025
The 14th Allianz Risk Barometer incorporates the views of 3,778 respondents from 106 countries and territories. The annual corporate risk survey was conducted among Allianz customers (businesses around the globe), brokers and industry trade organizations. It also surveyed risk consultants, underwriters, senior managers, claims experts, as well as other risk management professionals in the corporate insurance segment of Allianz Commercial and other Allianz entities.
Integrating Cybersecurity and Enterprise Risk Management (ERM)
The increasing frequency, creativity, and severity of cybersecurity attacks means that all enterprises should ensure that cybersecurity risk is receiving appropriate attention within their enterprise risk management (ERM) programs.
State of the Phish – An In-Depth Look at User Awareness, Vulnerability and Resilience – 2021
There’s no question that organisations (and individuals) faced many challenges in 2020, both new and familiar. Information security teams felt the strain, too. On top of “ordinary” cybersecurity issues, professionals in these roles dealt with an explosion of pandemic themed phishing scams and a continued surge in ransomware attacks - all while attempting to transition many users to work-from-home environments, effectively overnight.
Meeting the Future: Dynamic Risk Management for Uncertain Times
Dynamic risk management has three core component activities: 1) Detecting potential new risks and weaknesses in controls, 2) Determining the appetite for risk taking, and 3) Deciding on the appropriate risk-management approach.
Detecting risks and control weaknesses Institutions need both to predict new threats and to detect changes in existing ones. Today, many companies maintain a static and formulaic view of risks, with limited linkages to business decision making.
Framework for Dynamic Risk Management in Responsive Organisations – Thesis
In a fast-moving business environment open to global competition and with the proliferation of new technology, risk management is fundamental to doing business, especially considering the dynamic nature of the environment in which organisations now exist.
Dynamic Risk Assessment
The power of four. An evolution in risk assessment that applies sophisticated algorithms and advanced data analytics together in a KPMG proprietary methodology to identify, connect and visualise risk in four dimensions.
State of Risk Oversight – Enterprise Risk Management Practices – 2024
Organizations operate in a global environment where myriad uncertainties can arise and trigger risks impacting an
organization’s strategic success. Organizations with a robust, enterprise-wide and strategically focused approach to managing risks increase the odds that these risks can be managed proactively so that key strategic initiatives stay on track.
State of Risk Oversight: Enterprise Risk Management Practices – 2023
In light of evolving challenges linked to ongoing geopolitical turmoil, social change, economic volatility, disruptive technologies, environmental expectations, and a host of other uncertainties, innovative and forward-looking business leaders are strengthening how they proactively manage potentially emerging risks that can quickly derail their organization’s strategic objectives and goals. Failure to anticipate changing
uncertainties can quickly trigger a flow of risks that significantly impact business models and strategic plans.