From fires to employee errors, all businesses face risks. Starting a business without risk is impossible, so to run successful businesses, small-business owners must understand and prepare for the ...

Identifying and assessing operational risk lets you make changes in your company to secure operations and reduce risk of business failure. Operational risk is the total of risks you run when operating ...

Key risk indicators (KRIs) are critical predictors of unfavourable events that can adversely impact organisations. They monitor changes in the levels of risk exposure and contribute to the early ...

This research models operational risk data via the loss distribution approach under Basel II using open-source data consisting of 3192 operational loss events between 2009 and 2018. The approach is ...

The last decade has seen an explosion in technologies with tremendous potential impact on a business. From internet-connected devices to the algorithms that can make sense of the mountains of data ...

AI is moving fast inside modern IT environments. But OT systems often lack the application program interfaces (APIs), ...

Operational resilience is defined as an organization's capability to endure adverse disruptions, adapt to challenges and recover from events such as cyberattacks, natural disasters, supply chain ...

In today’s fast-paced and unpredictable business world, small and medium-sized enterprises (SMEs) must navigate many operational challenges. With the potential for significant disruptions lurking ...

Third-party relationships are double-edged swords— they can be your most significant force multipliers or risks. Third-party vendors are ingrained in all aspects of an organization, from accountants ...

As a result of RBI’s dedicated focus on financial risks, particularly credit risk, Indian banks’ balance sheets have improved to the best in over a decade. System-wide gross non-performing assets ...

Jodi Richard never wanted to be a stay-at-home mom. Her mother was a manager at a regional bank and she instilled a solid work ethic within Jodi from a young age. There are no free rides. Richard went ...