Writing a book is on many people’s bucket list. I had it on mine many years ago and was blessed to be able to tick it off in 2011 with A Short Guide to Operational Risk. Now some 13 years later I get to tick it off again! This time with Risk Appetite for Dummies: Protecht Special Edition, with the wonderful help from my Protecht colleagues and my fellow author, Brett McLaughlin from ‘For Dummies ..read more

Imagine a scenario where the internet grinds to a halt for not just one organisation but entire nations. This isn't a hypothetical situation; it's a reality that struck 13 African countries last month due to severed subsea communication cables. It’s an event you couldn’t predict – or could you ..read more

As organisations increasingly rely on sophisticated algorithms to guide everything from financial investments to operational efficiencies, the stakes for accuracy, reliability, and integrity of these models escalate exponentially ..read more

APRA’s July 2024 date for entities to define critical operations, and identify material service providers is rapidly approaching, with defining tolerance levels set to follow. Protecht’s CPS 230: Road to readiness webinar, led by Protecht's Michael Howell and Hela Ebrahimi, considered the practical steps needed to navigate these requirements successfully.  ..read more

Staying ahead in risk management means continually questioning the adequacy of our tools and processes. We need to understand when our existing systems, perhaps cobbled together from spreadsheets and disparate software, or maybe just designed for a smaller and less complex business, no longer meet our organisations’ needs ..read more

The existing CPS 234 and upcoming CPS 230 Australian Prudential Regulation Authority (APRA) standards together represent a huge leap in strengthening the financial service’s industry’s operational and information security risk frameworks ..read more

Stepping into the role of a Chief Risk Officer (CRO) marks the beginning of a journey that is as rewarding as it is challenging ..read more

Within the last year, artificial intelligence (AI) has evolved from a buzzword to an expectation. But with its immense power, AI brings a unique set of responsibilities. The question is, are you prepared to fully leverage AI’s potential while effectively managing its risks ..read more

A prospective customer recently asked us how we thought about enterprise risk management – in particular, whether our software took a top-down approach to ERM, or considered a more silo-first bottom-up approach. But why not both? Everyone is a risk manager, and we should enable everyone in the organisation to contribute to effective risk management ..read more

The Australian Cyber Security Centre (ACSC)’s mission is to lead Australia’s public and private sectors into a best practice response to cyber threats. To this end, the ACSC has recently released the 2023-2030 Australian Cyber Security Strategy. This blog explores the key questions about the Cyber Security Strategy and what they mean for Australian organisations’ cyber risk management efforts ..read more