Powered by MOMENTUM MEDIA
subscribe to our newsletter

Risk management ‘vital’ for threatening world

Businesses need to ensure that they have appropriate security and processes in place to remain safe and sustainable, according to one accounting firm.

RSM Bird Cameron has emphasised the importance of risk management, in light of the GFC and recent cybercrime activity.

“[The] events demonstrate that it is vital for organisations to identify threats early and respond appropriately,” RSM Bird Cameron director, Michael Shatter said.

“The key is to balance risk and control, to enhance the value that organisations can deliver to stakeholders.”

Mr Shatter said that it’s vital for organisations to stay at the cutting edge of technology risk management, since risks are constantly evolving.

Advertisement
Advertisement

“Support and guidance can make the challenges manageable,” he noted.

One thing organisations should do to improve IT security risk management is to perform an IT audit to identify and understand the risks, according to RSM Bird Cameron.

Another recommendation is for organisations to secure their network to ensure security risks are mitigated.

RSM Bird Cameron also recommends that organisations have a comprehensive disaster recovery plan in place to deal with possible security events.

Risk management ‘vital’ for threatening world

PROMOTED CONTENT


>RSM Bird Cameron has emphasised the importance of risk management, in light of the GFC and recent cybercrime activity.

“[The] events demonstrate that it is vital for organisations to identify threats early and respond appropriately,” RSM Bird Cameron director, Michael Shatter said.

“The key is to balance risk and control, to enhance the value that organisations can deliver to stakeholders.”

Mr Shatter said that it’s vital for organisations to stay at the cutting edge of technology risk management, since risks are constantly evolving.

“Support and guidance can make the challenges manageable,” he noted.

One thing organisations should do to improve IT security risk management is to perform an IT audit to identify and understand the risks, according to RSM Bird Cameron.

Another recommendation is for organisations to secure their network to ensure security risks are mitigated.

RSM Bird Cameron also recommends that organisations have a comprehensive disaster recovery plan in place to deal with possible security events.

Risk management ‘vital’ for threatening world
mortgagebusiness

Latest News

The financial services regulator has released examples of how the incoming rules for add-on insurance will work for CCI, among other credit ...

The major bank has said that it is committed to the sale of its Pacific businesses despite a competition regulator knocking back their propo...

A prime residential lender has announced the pricing of one of its largest prime residential mortgage-backed securities to date. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.