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.
of organizations say their overall risk increased in the year ending July 2019.
have a defined view of the cybersecurity risk tolerances for their organization.
have processes at the managed or optimized level for risk identification.
Top 3 technologies that increase risk:
of organizations with a written enterprise-level statement of risk appetite report that defining the appetite for strategic risks is challenging.
of organizations say they can mitigate a new technology threat or vulnerability within one month.
can put mitigations in place within three months.
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
Improving risk information systems and technology infrastructure
Boosting risk management capabilities
Identifying and managing new and emerging risks
Attracting and retaining risk management professionals with required skills
Employing an agile approach
Increasing the role and involvement of senior management in risk management
Sources: The State of Enterprise Risk Management 2020, ISACA, CMMI Institute and Infosecurity Group, 2019; Global Risk Management Survey, Deloitte, 2018