At the core of business management are the rules, practices and processes that define how your organization is directed, operated and controlled. This system, known as corporate governance, is aimed at creating more ethical business practices by aligning the interest of your organization’s stakeholders. In today’s business environment, the more ethical-and transparent-your organization is about its corporate governance practices, the more financially viable it will be.

Risk control and risk management are two essential parts of any organization’s efforts to manage risk. Understanding the difference between the two is critical to identify vulnerabilities, monitor risks, and make informed decisions on managing risk effectively. In this article we’ll explore those distinctions between risk control and risk management, and provide five tactics for mastering organizational risk management.

You don’t have to jump through endless hoops to achieve regulatory compliance. By finding an easy way to comply with the right laws, regulations, and industry standards, regulatory compliance can offer several benefits for companies. Specific compliance requirements vary by industry and country. But in general, implementing regulatory compliance is a mandatory requirement for every sector and every company in countries with a robust business and economic landscape.

Threat, vulnerability, and risk – these words often appear side by side in security discussions. But what exactly do they mean, and how do they differ from one another? This article discusses the relationships among threats, vulnerabilities, and risk. Then we’ll explore various methods for calculating and managing these issues, and provide insights into securing against potential security threats.

Organizations across all industries are becoming more reliant on digital technology to get the job done. In this era of digital transformation, technologies such as the Internet of Things (IoT), social media, Machine Learning (ML), big data analytics, Artificial Intelligence (AI), and Augmented Reality (AR) exist to help organizations realize their strategic business objectives.

Accounting is a core function in every business. Organizations need accounting teams to track revenue and expenses, evaluate financial performance, create budgets and financial projections, and maintain compliance. Skilled accountants provide up-to-date financial information to support decision-making. Unfortunately, the word “accounting” is often followed by the word “scandal,” especially given examples such as Enron, WorldCom, Tyco, Hertz, Lehman Brothers, and Bernie Madoff.

At RiskOptics, our mission is to make GRC simple, and it’s been that way since the inception of ZenGRC in 2009. With an in-house team of GRC experts and a development model focused on customer and industry challenges, we pride ourselves on being collaborative, innovative, and transparent.

Banks are one of the most heavily regulated business sectors, with stiff regulatory compliance obligations and close scrutiny from regulators. As such, managing regulatory compliance has become challenging for banks in recent years. Compliance failures can result in significant fines, reputational damage, bad publicity, and even lawsuits. It’s vital for banks to conduct regular compliance risk assessments to identify, evaluate and mitigate emerging risks.

Today almost every organization outsources at least some part (if not many parts) of its operations to third parties. That means those organizations must govern the risks of those third parties — but obtaining the assurance you want from your third parties is a daunting task.

ISO 27001 is an international standard specifying how organizations should develop and implement an effective information security management system (ISMS). Organizations can apply ISO 27001 to manage their information security risks and be certified as ISO 27001-compliant. The measures to achieve compliance are specified in Annex A of the standard; organizations should select and apply the necessary controls to safeguard their stakeholders based on their own company risk profile.