Enterprise Risk Management
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Overview
InfoSight takes a holistic approach to Enterprise Risk Management (ERM) by developing strategies to mitigate risks at an enterprise level across the entire organization. InfoSight's experts work with you and your risk management team leveraging a risk-based approach to help you make well-informed risk management decisions that align with your business operations. This approach assists in justifying investments in the risk management process.
The Challenge
There are many challenges to ERM in today's connected world. The business landscape evolves quickly. New risks emerge, while existing risks may change in nature or intensity. ERM processes must adapt to keep pace. Cybersecurity risks are increasingly prominent and constantly evolving. ERM must address these threats effectively, which requires specialized knowledge and resources. Global supply chains are vulnerable to disruptions, such as natural disasters, geopolitical events, or vendor issues. Identifying and mitigating these risks can be challenging. Additionally, complying with evolving regulations and compliance standards adds complexity to ERM efforts. Different regions and industries may have distinct regulatory requirements.
How We Solve it
Solving the challenges of Enterprise Risk Management (ERM) requires a strategic and proactive approach. Through our ERM planning methodology we address the challenges strategically and systematically, and help organizations build resilience, enhance risk management practices, and better navigate a complex and dynamic business environment.
The Outcome
The outcome is an ERM framework that creates a risk-aware culture, where investments in data analytics and technology, as well as engagement with senior leadership play key roles. Our goal is to deliver an ERM plan whereby organizations can continuously update and adapt their ERM strategies to address emerging risks effectively. We help organizations develop a collaboration among different departments and a proactive approach to risk management which is also key to success.
Enterprise Risk Management Services InfoSight Provides
Risk Management Framework & Program Development
GLBA Risk Assessments
Cyber Risk Gap Analysis
eBanking Risk Assessments
IT Risk Assessments
BSA/AML Risk Assessments
Enterprise Risk Assessments
PCI Compliance Review
COBIT Compliance Review
SOX 404 Compliance Review
GLBA 501(b) Compliance Review
BSA Compliance Review
HIPAA Data Security Compliance Review
Business Continuity & Disaster Recovery
Multi-Factor Authentication in an eBanking Environment
Red Flag Identity Theft Review
