Case Study: Aligning Risk Perception at Global Finance Group (GFG)
Global Finance Group (GFG) overcame inconsistent risk perception and resource misallocation by empowering risk owners and champions, standardising risk criteria, and leveraging technology. This alignment led to improved decision-making, optimal resource allocation, and a stronger risk culture, reducing project delays and preventing costly incidents across the multinational organisation.
The Silent Consensus: How Groupthink Undermines Risk Assessment
Groupthink undermines risk management by fostering premature consensus, suppressing dissent, and distorting risk assessments and treatments. This article explores its psychological roots, real-world impacts, and offers practical strategies-structural, cultural, and technological-for risk professionals to mitigate groupthink, promote critical thinking, and enhance organisational decision-making resilience
Zero Trust Frameworks: A Strategic Imperative for Managing Evolving Cyber Threats
Zero Trust is a modern cybersecurity framework that eliminates implicit trust, requiring continuous verification for every user and device. For risk professionals, it reduces attack surfaces, limits breach impacts, and enhances compliance, making it essential for managing evolving cyber risks in decentralised, cloud-driven, and hybrid work environments.
Case Study: Zero Trust Implementation in a Corporate Bank
A corporate bank adopted Zero Trust to address rising cyber threats and regulatory demands. By implementing multi-factor authentication, microsegmentation, and continuous monitoring, the bank reduced attack surfaces, improved incident response, and enhanced compliance, overcoming challenges with legacy systems and user resistance to achieve greater security and operational resilience.
Mapping the Future: How Risk Professionals Use Forecasting and Backcasting to Shape Organisational Strategy
Forecasting and backcasting are essential scenario analysis tools for risk professionals. Forecasting projects future risks from current trends, while backcasting starts with a desired future and maps steps to achieve it. Integrating both methods enhances strategic planning, resilience, and proactive risk management in uncertain, complex environments.