Risk Management

Countering Cyber Attacks

New cybersecurity threats and breaches emerge each year. Even with unprecedented vulnerabilities such as Spectre and Meltdown, the approach to dealing with the risks they pose is the same as ever: sound risk management with systematic processes to assess and respond to risks. Here are considerations for cyber risk management. Risk management is the ongoing …

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The role of Risk Champions in effective Risk Management

At the heart of any effective risk process are two common qualities of strong team work and open communication. This, supported by strong action and solution orientation enable the Risk Management function to carry out its mandate effectively. Risk Champions are central to this, and used well, they become the glue that can hold risk …

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Role of the board in Business Continuity Planning and Disaster Recovery (BCM/ DR)

No company should get ready. It should stay ready. That way, there are no surprises. The case of fire at one of Toyota offices in Kampala that led to loss of a brand-new car worth over US $100,000 to fire is still. Indeed, many disasters have happened and caused some businesses to collapse altogether. The …

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What is Enterprise Risk Management?

Enterprise risk management (ERM) is the process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effects of risk on an organization’s capital and earnings. Enterprise risk management expands the process to include not just risks associated with accidental losses, but also financial, strategic, operational, and other risks. …

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