Today, the pace of change across industries is quicker than ever before. Economic, political, and social unrest and a global climate crisis have placed unprecedented disruption and pressures on organizations looking to navigate a rapidly changing environment.
Firms are being out-innovated and entire industries are being disrupted in a matter of months or years, as opposed to decades. Shifting regulations, data as an asset, dynamic customer behavior and employee expectations of continued flexibility in a more virtual workplace add to the challenge.
Technology risk and compliance needs to adjust to this new reality. The strategy and value of an organization’s technology risk management are becoming essential to build and secure stakeholder trust. That means moving closer to the point where the risk events occur and using preventative, detective, and automated controls as much as possible.
In this podcast, Beth McKenney, a Principal in the KPMG Technology Risk service network, offers a game plan for companies to meet these today’s challenges with an eye on building stakeholder trust. That means having a proactive, rather than a reactive, approach to risk management.