Navigating the Regulatory Labyrinth: Tackling Uncertainty in Data Privacy and ESG Compliance
In a world where data is the new gold, regulatory uncertainty looms like a storm on the horizon. This article delves into the challenges of data privacy and ESG compliance, offering risk professionals a compass to navigate the turbulent seas of evolving regulations. Discover how to turn these challenges into opportunities for organisational growth and competitive advantage.
Breaking the Silos: Integrating Risk Management for Organisational Resilience
Unlock the power of integrated risk management! Discover how breaking down silos can revolutionise your organisation's resilience. This eye-opening article delves into the perils of fragmented practices and unveils the game-changing potential of a holistic approach. Learn how collaboration, technology, and leadership can transform your risk strategy for sustainable success in today's dynamic business landscape.
Limited Visibility into Risks: A Critical Challenge in Risk Implementation
Delve into the critical challenge of limited risk visibility in enterprise risk management. This eyeopening article explores how obscured risks impact strategy and resource allocation, examining causes, consequences, and innovative solutions. Discover cutting-edge strategies to enhance risk visibility, leverage technology, and overcome implementation hurdles for improved decision-making and organisational resilience.
Bridging the Gap: Addressing Inconsistent Risk Management Processes Across Departments
Discover how to transform your organisation's risk management from a fragmented approach to a harmonised, effective strategy. This article delves into the root causes of inconsistent processes, their far-reaching consequences, and practical strategies for alignment. Learn how to overcome implementation challenges and leverage valuable insights to create a unified, resilient risk management framework across your entire organisation.
The Psychology of Risk: Unravelling the Human Response to Uncertainty
Imagine a world where your gut feeling could save your life—or lead you astray. Welcome to the fascinating realm of risk psychology. This article delves into the intricate web of factors shaping our perception of danger, from cognitive biases to cultural influences. Discover how understanding these elements can revolutionise risk management and decision-making in an uncertain world.
The Changing Face of Risk Management in 2025
In the high-stakes arena of risk management, 2025 emerges as a technological battleground where artificial intelligence, climate challenges, and global uncertainties collide. Discover how cutting-edge professionals are reshaping organisational resilience, transforming potential threats into strategic opportunities through innovative risk management approaches.
Exploring the Indirect Links between Enterprise Risk Management and the Financial Performance of SMEs
This paper responds to the lack of empirical evidence on how enterprise risk management (ERM) and the financial performance of small and medium-sized enterprises (SMEs) are related. Structural equation modeling is used to explore new
mediators in the relationship between ERM and SME financial performance. The
results show that organizational culture (mission dimension) and strategic risk management performance are full and positive mediators between ERM and financial performance......
Defining Cyber Risk
Rapid digitization of the economy and social relations is the main reason why the issues of cyber risk, cyber threats and cybersecurity are continually gaining importance. Despite the increase in the number of research papers in these areas, scholarly articles defining cyber risk are relatively scarce. Moreover, the uniform broadly accepted definition of cyber risk has not been adopted yet, probably due to the interdisciplinary nature of this concept and the dynamics of its change. The paper contributes to the literature on the cyber risk, cybersecurity and cyber risk management.
Cyber Risks: Systematic Literature Analysis
This systematic literature review focuses on the digitalization theme and its associated risks, particularly cyber risks. Conducted through a comprehensive exploration of the Scopus database over two decades, employing keywords such as "digitalization," "digitization," and "digital risks," this research aimed to understand the evolution of terminology and scholarly discourse in this domain. The investigation initially targeted "digital risks" but shifted towards keywords like "cyber risks," "cybersecurity," and "cyber resilience" to reflect the changing landscape. The review traces the origins of the often-employed keyword "industry 4.0" and its impact on research interests, prompting a focus on more recent publications due to the rapid pace of development in the field.
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.