RISK STRATEGY IS A TEAM GAME
CLICK TO WATCH : ‘ LEGAL IGNITE – ULTRA-SECURE LEGAL CLOUD PLATFORM | QUOSTAR ’
43 sources . As a result of developments like these , time-consuming and costly manual auditing methods will eventually become a thing of the past .
RISK STRATEGY IS A TEAM GAME
Breakthroughs in data analytics also mean that machines can now process data faster , more efficiently and without any bias . As such , it ’ s important for risk managers to see this technology as a tool to be exploited and leveraged , rather than as a threat . To this end , all areas of the business need to understand its capabilities in order to build
a proactive working relationship with these solutions .
While defending against risks like cyber-attacks is vitally important , many at board and executive level are still unsure how to tackle this issue . This is alarming considering that 69 % of financial services CEOs report they are concerned about cyberthreats , according to a 2016 survey by PwC .
Those responsible for risk management strategies can often find that there is a knowledge gap between them and the board-level decision makers , as executives tend to rely on external
asia
. businesschief . com