Risk Oversight and Risk Governance of Firms
Risk is threats for firms’ future development, so effective risk oversight is important for firms. Board of directors plays a significant role in the risk oversight process, but they are facing serious challenges and pressures in effective risk oversight. Therefore, risk governance is becoming more and more important for firms to effectively reduce their risks, develop a robust internal control system and then become profitable.
Overview of Fraud Risk Management
Does your organisation follow a specific risk management model? If so, which one? Do you think this model adequately addresses the risks your organisation faces? Why or why not?
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.
Heat Maps and Risk Management
Heatmaps are commonly used as reporting and discussion tools in risk management. However, there are two different types/categories of heatmaps, only one of which is useful.
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.