Cyber-attacks are increasingly perpetrated to unprepared companies. Safeguarding against cyber attacks requires an enterprise-wide approach to be effective. Learn about steps that can be taken to establish a cyber threat risk governance program and issues to address.
This survey's results illustrate that institutions across the financial services industry have enhanced their risk management functions, approaches, models, and tools…but participant responses also suggest that risk management will continue to evolve.
This article describes how a maturity-based view of four specific "leading practices" in cybersecurity can give boards valuable insights on a company's cyber risk management strengths and weaknesses – even at companies that are still ramping up their capabilities in the area.
Priorities for Tech-Savvy Directors as They Oversee IT Risk and Strategy
Boards of directors have many compelling reasons to get involved in the oversight of information technology. This publication from the Deloitte Global Center for Corporate Governance examines the board's role in providing effective IT oversight and suggests practical questions directors can ask about technology.
A disciplined balance between quantitative and qualitative financial risk management is required to limit an excessive reliance on quantitative risk metrics, while enriching qualitative approaches with the risk metrics it lacks.
Embracing emerging expectations for risk management leadership
To respond to these challenges, many boards of directors are directing executive management of organizations to embrace enterprise risk management (ERM) to develop a stronger top-down holistic view of enterprise-wide risks.
300 executives around the world say their view of strategic risk is changing
Strategic risk management is a CEO and board-level priority. Two-thirds of surveyed executives indicated that their company’s CEO, board, or board risk committee has oversight when it comes to managing risk. The findings in this report are based on a global survey conducted in spring 2013 by Forbes Insights on behalf of Deloitte. It includes insights from more than 300 respondents from the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, nearly all of whom were C-level executives, board members, or specialized risk executives.
Financial reporting risk can be pervasive anywhere in an organization and can arise from an event or condition, external and internal factors, and decisions and choices made by many within the company.
To gain a better understanding of the true risks facing companies, Deloitte analyzed the possible causes of major loss of share value experienced by hundreds of the largest international companies over the last ten years.