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The Future of Risk - Creating a Framework for Growth of the Corporate Risk Function

Description

Abstract:
Risk management functions have grown considerably in the past decade from small units focused on financial risk and regulatory compliance to large armies covering diverse threat portfolios. Spawned by an increase in regulatory requirements and burgeoning external threats, these functions have been saddled with an ever-flourishing scope. Corporate leadership, now looking for new risk management and technical expertise to battle these threats, is facing a lack of qualified personnel and pressure on operating budgets. Even more difficult is the rise in new technology and the need for corporations to quickly adjust their models, sometimes at the behest of security and risk management. To adequately manage risk in the Digital Age, companies must broaden their understanding of risk management from simply avoiding risk, to embracing it in context. Risk and compliance capabilities in the organization must also provide strategic insights and must move towards a proactive posture. By infusing risk insights into daily processes, corporations will be more coordinated and connected over the long term.
Notes:
Capstone (EMCS)--Brown University, 2019

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In Copyright
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All rights reserved. Collection is open for research.

Citation

Keches, Gregory M., "The Future of Risk - Creating a Framework for Growth of the Corporate Risk Function" (2019). Master of Science in Cybersecurity. Brown Digital Repository. Brown University Library. https://doi.org/10.26300/hka4-re23

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Collection:

  • Master of Science in Cybersecurity

    Brown's Master of Science (ScM) in Cybersecurity is a program for professionals designed to cultivate high-demand, industry executives with the unique and critical ability to devise and execute integrated, comprehensive cybersecurity strategies. Students gain immediately applicable knowledge and, through an …
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