Inherent risk and control risk are essential concepts in risk management. They’re key parts of the audit risk model, which auditors use to assess overall risk and susceptibility during an... Read More
Risk Management
Threat, Vulnerability, and Risk: What’s the Difference?
Threat, Vulnerability, and Risk: What’s the Difference? Threat, vulnerability, and risk—these words are often used side by side in security discussions. But what exactly do they mean, and how do... Read More
Proactive vs. Reactive Risk Management Strategies
In a difficult economic climate, a company’s odds of survival depend on how skillfully it manages risk. A well-rounded risk management strategy can help companies stay in business because they... Read More
What Are the Top Operational Risks for Banks?
What Are the Top Operational Risks for Banks? In one of its papers, the Basel Committee on Banking Supervision (BCBS) defines operational risks for banks as “the risk of loss... Read More
What is Technology Risk?
Technology risk (or IT risk) is the chance that technology failures, such as cyberattacks, service outages, or outdated equipment, could disrupt business operations. If not managed properly, these risks can... Read More