Following the pandemic, the past few years have entirely changed the way we interact with our customers, supply chains, and how employees work. We have surpassed a digital world and moved into an integrated ecosystem.
This global shift has reshaped and increased the volume and complexity of the risks that organizations face daily. In today’s world, it’s no longer enough for an organization to manage risk strictly internally. Organizations must look beyond their business processes and look at the ecosystem as a whole, meaning the entire business area (supply chain, customer care, cloud environment). In order to successfully operate in this new ecosystem, risk management processes must change and adapt today.
“In this interconnected world, risk is no longer bound to traditional business structures, people and processes.”
Jannie Wentzel, Cential Partner & Principal Consultant, and Elissa McKinley, Director of Cybersecurity Governance, Risk, & Compliance at Advocate Aurora Health, collaborated to write an article for ISACA about the future of risk management.
In their ISACA article, they address critical questions such as:
- What is the state of risk management today?
- How is technology changing risk management?
- Is Integrated Risk Management obsolete?
- How can we have a Transformative Risk mindset?
You can get answers to all of these questions and learn more about what’s next in the world of risk management from the article. Read it here!