Enterprise risk management

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has released guidance on identifying and managing alternate data risk using the COSO ERM Framework.

In a KPMG in Canada research survey of 300 Canadian organizations that had been previously victimized by fraud, 95% of leaders said that they are very concerned that the threat of deepfakes has increased the risk of fraud at their companies.

The ‘Audit Committee Practices Report: Common Threads Across Audit Committees’, a joint effort between Deloitte’s Center for Board Effectiveness and the Center for Audit Quality (CAQ), identified cyber security and ERM as the top priorities in the next 12 months.

Public consultation launched on revamped and combined code of practice aimed at delivering stronger internal audit functions to support boards to better manage and mitigate risks.

A recent survey by VinciWorks reveals a gap between concern and action by organizations regarding fraud.

Only 38% of organizations taking part in a recent Airmic survey have carried out risk assessments related to the use of artificial intelligence. 50% of organizations…

Research by the Universities of Portsmouth and Salford shows that installing directors with a history of questionable professional conduct can result in losing up to 64% off a company’s value.

AI is likely to cause a rapid evolution of the cyber threat landscape and insurers need to keep up: the rise of AI-enabled attacks necessitates a proactive approach to policy wording and coverage.

A snap poll by Airmic, conducted on the 5th February 2024, has found that its members see cyber incidents as the top risk facing organizations in 2024.

A recent survey by VinciWork, has found that only 29% of compliance professionals have implemented specific procedures, training, or preventive measures to guard against artificial intelligence (AI) related compliance breaches.