Gartner® Research Note: Learn Your Cyber Risk Appetite or Fail at Risk Management – Nehemiah Security

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Gartner® Research Note: Hype Cycle for Risk Management, 2019

According to Gartner, “CEOs continue to rank risk management as one of their top business priorities.”

Gartner’s 2019 Hype Cycle for Risk Management, a report on risk management–related services, software platforms, applications, methods and tools, ranks risk management as one of CEOs’ top business priorities. It further states that senior executives and board members need more practical risk management insights regarding the business from senior security leaders.

“An incident such as a data breach, privacy enforcement, noncompliance or even accidental processing incidents can create financial impacts to a business in different ways that can be short-term ‘volatile’ or longer-term ‘persistent’ costs.” – Gartner 2019 Hype Cycle for Risk Management

Download the report to read about:

  • The four main risk management objectives which include performance, resilience, assurance and compliance (PRAC).
  • The rise of financial data risk assessment (FinDRA) to prioritize business risk based on financial impact of security, compliance or processing incidents.
  • Justification for adoption of FinDRA to address “growth in velocity, volume, variety and untapped value opportunities for data.”

Gartner: Hype Cycle for Risk Management, John A. Wheeler, 24 July 2019.

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