How Connected Is Risk Management at Your Organization?
In today’s rapidly evolving and highly interconnected risk landscape, organizations must manage increasing risk demands with agility and speed. Not only are organizations managing an unprecedented volume of risks, but they are often doing so without adequate resources, sufficient headcount, or state-of-the-art technology. This mismatch between increasing demand and insufficient capacity is creating what we call a risk exposure gap.
As a result of this gap, management isn’t receiving the information it needs to make strategic, risk-informed decisions that drive the organization forward.
For The Connected Risk Report: Uniting Teams and Insights to Drive Organizational Resilience, AuditBoard and Ascend2 Research surveyed over 500 information security, compliance, risk management, and internal audit leaders at various levels to uncover their approaches to risk management — and learn where they are along the path to connected risk.
Their analysis reveals that while many organizations believe they are advancing in connected risk maturity, significant gaps exist between executive-level perception and operational realities. Organizations can bridge these gaps by implementing connected risk management principles across audit, risk, InfoSec, and compliance teams, specifically by enhancing collaboration, integrating data, and promoting strategic alignment.
Download a free copy of the report for a detailed look at their findings, including:
- The challenges and benefits of a connected approach to risk management.
- How executives vs. operational managers differed in their responses, highlighting a potential disconnect between various levels of the organization.
- Results to benchmark your team’s progress towards greater connection across people, data, processes, and technology, including AI use.
- Best practices for getting started with connected risk, with examples of quick wins your teams can implement now.
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