article thumbnail

Model risk management 2.0 evolves to address continued uncertainty of risk-related events

McKinsey & Company

Organizations this year plan to enhance their MRM framework capabilities—including risk culture, standards, and procedures—and to upgrade their validation resources with MRM 2.0 firmly on the agenda.

article thumbnail

The synergy between UEM and medical device risk management

IBM Services

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Rise of Cloud Marketplaces as a Procurement Channel for Software, SAAS, and Services Solutions | Blog

Everest Group

Enhanced risk management Availability of pre-vetted suppliers and solutions on these marketplaces contributed to 43% of users feeling confident about risk mitigation. These features empower businesses to optimize their spending and achieve better value for money.

Software 147
article thumbnail

Response and resilience in operational-risk events

McKinsey & Company

Direct losses from operational-risk failures are mounting, and in today’s volatile economic environment, consequent losses in share price are many times greater.

article thumbnail

Enterprise Risk Pros Pivot From Compliance To Driving Faster, Better Decisions

Forrester Digital Transformation

The average firm’s list of business and risk management priorities looks very different today than it did two years ago. For starters, according to Forrester data, 43% of enterprise risk management (ERM) decision-makers report having experienced three or more discrete critical risk events over the past 12 months.

article thumbnail

The demise of Risk Management and the light at the end of the tunnel

Risk Guide

History showed us that sometimes ALL the capital is not enough to save the bank from a risk event gone wrong. Then they created a thing they call conduct risk and went on a “break the bonus mission” thinking that money and incentives can reduce the risk posed by humans in a business environment of greed and profits.

article thumbnail

Apply Critical Thinking And Culture To Reduce Insider Risk

Forrester Digital Transformation

Learn how to reduce the three most common types of insider threats in this Security & Risk event preview.