Enterprise Risk management

1. ENTERPRISE RISK MANAGEMENT #LearnToRise

2. www.infosectrain.com ? WHAT IS ENTERPRISE RISK MANAGEMENT Enterprise Risk Management (ERM) is a holistic and structured approach that seamlessly integrates risk management into an organization's overall strategic planning and decision-making processes. It enables organizations to effectively recognize, assess, priori- tize, and address risks that can impact their ability to accomplish their intended goals. #LearnToRise

3. www.infosectrain.com COMPONENTS OF ENTERPRISE RISK MANAGEMENT INTERNAL ENVIRONMENT: Establishes the organizational culture and governance structure Defines risk tolerance and commitment to ERM #LearnToRise

4. www.infosectrain.com OBJECTIVE SETTING: Defines the organization's strategic and operational goals Ensures risk management aligns with and supports these objectives RISK IDENTIFICATION: Involves assessing internal and external factors influencing risk Identifies potential risks and opportunities, encompassing operational, financial, strategic, and compliance risks #LearnToRise

5. www.infosectrain.com RISK ASSESSMENT: Quantifies and qualifies identified risks based on impact and likelihood Helps prioritize risks for further attention and mitigation RISK PRIORITIZATION: Ranks risk based on their significance, allowing focus on high-priority areas Facilitates resource allocation for risk management efforts #LearnToRise

6. www.infosectrain.com RISK MITIGATION: Develops strategies to mitigate, transfer, or accept risks Reduce the impact and likelihood of adverse events CONTROL ACTIVITIES: Implements controls and policies to manage risks effectively Includes checks and balances to prevent or detect undesirable events #LearnToRise

7. www.infosectrain.com RISK GOVERNANCE: Defines the roles and responsibilities of individuals and committees in overseeing ERM Ensures accountability and compliance with risk management policies and procedures MONITORING AND REPORTING: Continuously assesses risk management processes and outcomes Regularly reports on risk exposure and mitigation efforts #LearnToRise

8. www.infosectrain.com INFORMATION & COMMUNICATION: Ensures timely and relevant information flows throughout the organization Facilitates effective risk reporting and decision making #LearnToRise

9. www.infosectrain.com COMPONENTS OF ENTERPRISE RISK MANAGEMENT Helps to identify and address security risks, reducing the chance of incidents Enhanced resilience to withstand and recover from challenges and disruptions Enhanced decision-making based on risk insights #LearnToRise

10. www.infosectrain.com Ability to seize opportunities and adapt to change effectively Enhanced reputation through proactive risk management Safeguards the organization's sustainability and success Reduced financial impact of adverse events Increased trust from investors, customers, and regulators Supports regulatory compliance and strengthens governance #LearnToRise

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