Globalization, digital transformation and shared service models are driving companies to rethink their approach to risk and compliance. Traditional methods are falling short, leaving companies exposed. A more comprehensive approach is needed to manage the growing and evolving
risks facing businesses in today’s interconnected world.
Strong risk management starts with accurate and actionable risk
intelligence – good visibility into the cyber, regulatory, operational and other risks facing the business. Otherwise, executives are operating in the dark, making decisions based on assumptions, wishful thinking or guesswork.
A “good” program is one that provides the business with resilience to many
different events. While it may not be possible to avoid all breaches, companies need to try to manage risk within their own tolerance philosophy. As budgets become increasingly tight, the ability to manage risk within tolerance will require more effective and efficient use of resources as you address the risks that could cause the greatest harm and in proportion to the level of those risks. Investments need to be justified and returns measured to make risk informed strategic decisions.
Drumz plc (LON:DRUM)is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020 Drumz made an investment in Acuity Risk Management Ltd, which operates an award winning software business specialising in risk management.
