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 ...

When it comes to managing operational risk, the insurance and reinsurance industry faced a thorny problem: the scarcity of operational risk event data makes assessing exposures problematic, but ...

Organizations that approach fraud risk management as an element of operational excellence, rather than a compliance exercise, ...

We present Risk.net’s annual ranking of the biggest op risks for the year ahead, based on a survey of operational risk practitioners across the globe and in-depth interviews with a selection of ...

Companies that want to achieve a sustainable and profitable business need to focus on three dimensions of their operations, generally speaking. First is value protection, a foundational concern that ...

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 ...

Learn about model risk, its causes, management strategies, and real-world examples from financial industry pitfalls. Unlock insights to reduce risk and enhance decision-making.

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 more leaders pursue decentralized architectures to ensure continuity and long-term resilience, having a clear strategy is ...

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 ...