The latest enterprise risk management news from around the world

Third-party risk management programs studied: questionnaires a weak area?

RiskRecon, a Mastercard Company, and the Cyentia Institute have published an in-depth study that explores the current state of third-party risk management (TPRM) programs and practices. The research found that TPRM professionals increasingly do not trust that security questionnaires provide sufficient information to properly understand and act on their third-party risk.

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FERMA survey explores risk managers’ contributions to COVID-19 response and resilience

European risk managers have helped maintain the continuity of their organizations during the pandemic crisis. They have participated in task forces and crisis units, promoted communication, supported new working practices, pursued insurance recoveries where possible, and begun work on recovery,  according to survey results published by FERMA.

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Climate change: the emerging crisis that all organizations need to assess

The COVID-19 pandemic and its devastating consequences caught plenty of organizations off guard. While it can be difficult to contemplate the next big crisis in the midst of the current one, this is exactly the time to look ahead to minimize any future surprises, says Jim Wetekamp, and topping many experts’ lists of the next big crisis is climate change.

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The Software Engineering Institute launches model for enterprise risk management

The Software Engineering Institute (SEI)  has released the latest model in its Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE) suite. The OCTAVE FORTE (OCTAVE For the Enterprise) model for enterprise risk management helps executives and other decision makers understand and prioritize the complex risks affecting their organizations. 

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