How To Build Resilience with Effective Risk Management

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Presented by

James Fong Risk & Security Solutions, Asia & Scott Ferguson Director, Outbound Product Management at ServiceNow

About this talk

How To Build Resilience with Effective Risk Management According to Quantivate, only 36% of organizations have a formal enterprise risk management program. An effective risk management solution allows organizations to identify and take action against risks and vulnerabilities, building resilience and strength, and keeping visibility at the core of their security model. Resilience demands that we make a conscious commitment to anticipate, prevent, respond, and adapt to adverse events. To be resilient, we must optimise our risk management. As we inch toward the end of 2020, one overwhelming takeaway is the need to plan and execute risk management at a different pace - in real time. Business continuity, customer retention, workforce productivity -- these pillars of business success depend on effective operational risk management across the entire organization. In this session, we will discuss: - How to ‘anticipate’ risk using IRM and BCM to aggregate business and asset context - ‘Prevent’ by establishing indicators, updating response plans, and proactively testing event scenarios - Monitoring to ‘respond and recover’ to support quick response of your action plans - Arming your team to ‘adapt’ by collecting and analyzing data to identify root cause and necessary controls and process adjustments - How to achieve true resilience, and embed risk and compliance processes into daily work

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