Building an Effective Cyber Risk Culture by applying the Four-Pillar Risk Culture Building Approach

By Zlatko Vuevski In today’s digital landscape, the omnipresence of cyber threats demands a robust and dynamic approach to risk management within organizations. The traditional siloed mentality towards risk is no longer viable, necessitating a cultural shift towards proactive and holistic risk management. To achieve this, organizations must adopt a comprehensive approach that addresses both […]

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Why Risk Culture Building should be the most important item on the Board Agenda

Making the cultivation of an effective risk culture the foremost priority on the Board agenda is imperative for all corporate organisations, given its pivotal role in safeguarding long-term viability and reputation. In an era characterized by heightened regulatory scrutiny, evolving market dynamics, and escalating cyber threats, the establishment of an effective risk culture is essential

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Embracing AI: Confronting Our Own Inadequacies

In the realm of technological advancement, few topics stir as much debate and concern as Artificial Intelligence (AI). While some envision a future enriched by AI’s potential to streamline processes and enhance human capabilities, others harbor deep-seated fears of a dystopian reality where machines dominate and humanity loses control. However, amidst these divergent perspectives lies

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Risk Management 5.0?

Or actually; the effective Management and Optimization of Risk 5.0! The world is in a revolutionary transformation marked by the seamless integration of humans and artificial intelligence (AI) in the workplace. Spearheaded by thought leaders such as John Nosta, the Fifth Industrial Revolution is set to usher in an era where humans and AI collaborate

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“Stormchasing”: Success in the Effective Management of Risk

Storm chasing is a unique and exhilarating activity that involves pursuing and observing severe weather phenomena, particularly storms and tornadoes. While it may seem like an extreme and risky hobby, storm chasers can be considered brilliant risk managers due to their meticulous planning, advanced technology utilization, and dedication to understanding and mitigating potential hazards whilst

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Risk Culture Building is much more than a dream or a fallacy, start building now!

“Banks are undergoing a shift away from that data grunt management focus to training people up with the intelligence and knowledge to unpack what is really happening. It’s about proactive intervention and identifying risks before a breach occurs, rather than just implementing technologies and hoping for the best.” Lisa Dewhurst, Head of Group Regulatory Compliance, Bendigo

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