It is increasingly important that companies have a comprehensive and consistent understanding of risk. The risk environment continues to become more complex and multi-faceted. Threat actors are more sophisticated, risks have increased impact, and mitigation needs to occur more quickly; it can be overwhelming. In this presentation, we will discuss strategies, pitfalls, and resolutions of implementing an integrated risk management (IRM) program; possible metrics to quantify risk (data enabled informed risk decisions) that show your executives the value of IRM; and possible reporting examples. This simplified model will lead to a more responsive and effective risk management program for the entire organization.
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