Running a successful company itself is a tedious task. Following all the parameters, abiding by all the norms, and getting prepped for the new security guidelines takes an enormous amount of effort and time. But even after following every step by the book, an enterprise organization gets asked by clients from time to time ‘are they secured enough?’.
As the risk environment continues to increase in complexity, it has never been more critical for risk managers to be strategic business partners. When enterprise risk management is aligned with business strategy, it can positively impact the organization’s revenue growth.
The recent economic downturn, conflicts in Ukraine, rising inflation and interest rates, and the slumping of the global economy indicate that a sharper slowdown in the global economic activity is most likely inevitable.