Remove 2021 Remove Risk Remove Risk Management
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Cyber Risk, Digital Risk and The Digitalization of Risk Management

John Wheeler

However, for security and risk management professionals it can make a huge difference. Take for example the terms cyber risk, digital risk and the digitalization of risk management. Viewed together, the three terms represent key aspects of integrated risk management (IRM).

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Digital Risk is Primary Focus for Corporate Boards in 2020 & Beyond

John Wheeler

Digital risk continues to grow in importance for corporate boards as they recognize the critical nature of digital business transformation today. In fact, in Gartner’s 2020 Board of Directors survey , 67% of respondents stated they view digital as the top business challenge for 2020 and 2021. However, digital risk is different.

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Data Loss: Hazards, Risks and Strategies for Prevention

Smart Data Collective

A Security Intelligence article cites that the 2021 average cost of a data breach is $4.24 Remote working has also created greater data security risks. But in 2021, the average cost reached $9.23 In 2021, $180 is the average cost of a lost PII. Risk assessments. million, the highest on record. Conclusion.

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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. What is a model?

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Gartner Explores Tech Innovations in Integrated Risk Management

John Wheeler

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. The culmination of the review effort will be our inaugural “Emerging Technologies: Tech Innovators in IRM, 2021” report slated to publish in late June.

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Five Ways AI Can Help States Solve Their Hardest Problems (Part 2): Mitigate Risk and Fraud

DataRobot

Their increased usage has also led to new challenges related to compliance, misuse, and fraud risk. Thomas Reuters 2021 Government Fraud, Waste, and Abuse Study found that 93 percent of government officials believed fraud, waste, and abuse rates will be maintained or increase in 2021. WHITE PAPER. Download Now.

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Cyber Fraud Statistics & Preventions to Prevent Data Breaches in 2021

Smart Data Collective

The risk of data breaches will not decrease in 2021. Data must be managed carefully , which means protecting it against security breaches. Data breaches and security risks happen all the time. One bad breach and you are potentially risking your business in the hands of hackers. But you can come around this.