In October of 2024, a major supply chain strike across key U.S. transportation hubs caused significant delays in the delivery of essential goods. This three-day strike for higher employment wages rippled across the world. Why? It caused massive supply chain disruption, at scale. Without the ability to trade goods, business-as-usual became business-as-unusual. In the U.S., ports from New York to Miami to Houston came to ...
APRA CPS 230 establishes requirements for managing operational risks, including those arising from supply chain relationships. Noncompliance with APRA CPS 230 in supply chain risk management can lead to significant operational disruptions and financial losses for regulated entities. Without robust controls to manage third party risks, companies may face unanticipated supply chain failures, data breaches, or service outages that can harm their organization’s continuity. This ...
Why Your Nonexistent Risk Management Platform is Bad for Business Inaction can be the downfall of a company. The stakes get high when businesses choose to ignore effective risk management. But inaction is not just costly—it’s potentially disastrous. Why? As businesses face increasingly complex risks, from cybersecurity threats to operational inefficiencies, the failure to implement modern, integrated solutions can lead to severe financial, legal, and ...
With the European Commission (EC) accelerating the adoption of “advanced technologies”, innovation is rapidly rising, but in turn has resulted in significant increase in cyber threats. To combat this, the pressure is on for firms to adopt the NIS2 directive, which mandates stringent security measures, risk management protocols and incident reporting standards, collectively enhancing protection of critical infrastructures and sensitive data. Ultimately minimizing the risk ...
Earlier this year, the Institute of Internal Auditors (IIA) concluded a multi-year initiative to overhaul the Global Internal Audit Standards. First published on January 9th 2024, the new standards capture the global regulatory sentiment around the need for operational resilience. In this whitepaper, we explore the role of internal audit as it pertains to global operational risk mitigation, with a focus on some key risk ...
Today's business landscape centers on two pivotal elements: rapid digital transformation and extensive global connectivity. However, as the world becomes more interconnected and globally minded, businesses that now must be “always on” to thrive are encountering a constantly changing array of risks. The Allianz Risk Barometer 2024, which gathered insights from 3,000+ risk experts across the globe, highlights three immediate and universal challenges on the ...
Vulnerabilities. One word that unites businesses no matter the industry or sector. Amidst new organizational risks that often seem to lurk in the shadows before it's too late and ever-shifting regulatory landscapes, organizations must interweave Governance, Risk, and Compliance (GRC) into a cohesive framework. This holistic approach empowers agile, compliant organizations in an ever-changing environment. This whitepaper underscores the necessity of proactively anticipating and mitigating ...
Your stakeholders are increasingly inquiring about what your organization is doing in terms of ESG, Ethics, Risk, Cybersecurity and Assurance. It is imperative to mature your GRC function and to truly understand what a mature GRC function looks like in terms of methodologies, ways of working, and level of integration between your second and third line of defense (compliance and risk). Register below to watch ...
In this on-demand webinar, we delve into the dynamic world of Governance, Risk Management, and Compliance (GRC) globally. We cover some of the key risks encountered by firms globally, the regulatory responses, and the persistent challenges in compliance and governance. This session also dives into our expert predictions for the coming year, helping you navigate and excel in the evolving GRC environment. Our GRC experts ...
Thank you for your interest in our whitepaper. Download In this whitepaper, we share important insight about CPS 230 including the following: Key drivers behind CPS 230 Preparation challenges facing organizations Important role technology can play
