High Risk

When Uncertainty and Accelerated Business Cycles Unite, Risk Proliferates

 

When uncertainty and accelerated business cycles unite, risk proliferates. Here's how enterprises are poised to respond.

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of organizations say their overall risk increased in the year ending July 2019.

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have a defined view of the cybersecurity risk tolerances for their organization.

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have processes at the managed or optimized level for risk identification.

Top 3 technologies that increase risk:

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of organizations with a written enterprise-level statement of risk appetite report that defining the appetite for strategic risks is challenging.

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of organizations say they can mitigate a new technology threat or vulnerability within one month.

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can put mitigations in place within three months.

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of organizations say their executive teams are very or extremely responsive to new mitigation tactics after the identification of a new threat or risk.

The tasks companies plan to prioritize by mid-2020:

Enhancing the quality, availability and timeliness of risk data

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Improving risk information systems and technology infrastructure

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Boosting risk management capabilities

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Identifying and managing new and emerging risks

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Attracting and retaining risk management professionals with required skills

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Employing an agile approach

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Increasing the role and involvement of senior management in risk management

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Sources: The State of Enterprise Risk Management 2020, ISACA, CMMI Institute and Infosecurity Group, 2019; Global Risk Management Survey, Deloitte, 2018

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