Risk Management
In today's digital age, cloud data security has become a paramount concern for organizations worldwide. The financial repercussions of data breaches are staggering, with IBM and Ponemon Institute’s Cost of Data Breach Report 2024 revealing that data breaches cost organizations an average of $4.88 million globally in 2024, a 10% increase from the
The increasing frequency of cyberattacks and ransomware incidents has significantly impacted public trust in online services. As individuals become more concerned about their privacy and the security of their data, questions arise about the effectiveness of current legal frameworks and the challenges posed by emerging technologies like artificial
As individuals, businesses, and government agencies increasingly rely on cloud technology to manage classified and sensitive data, the importance of implementing strong security infrastructure has correspondingly grown to counter sophisticated cyber threats. Several major data breaches, including a significant hack in 2024 that exposed over 2.9
In an increasingly complex and volatile global environment, businesses are facing unprecedented challenges and opportunities. Aon plc's inaugural Business Decision Maker Survey sheds light on how companies are managing risks associated with global megatrends such as Trade, Technology, Weather, and Workforce. The survey, which targets C-suite and
The financial sector is under increasing scrutiny from US federal and state regulators regarding third-party risk management. Financial institutions must establish rigorous practices to ensure compliance with regulatory expectations, as recent enforcement actions have demonstrated the severe consequences of non-compliance. The focus on managing
The Digital Operational Resilience Act (DORA) represents a pivotal regulation established by the European Union (EU) to bolster the digital operational robustness and cybersecurity of financial institutions. With the compliance deadline rapidly approaching, financial entities must gain a comprehensive understanding of the scope, requirements, and