Our market climate is continually changing, technologies are advancing, regulations are updated, competition is increasing, and demand is evolving. Effective risk management enables business and individuals to adapt to these changes and respond to new market conditions.
Risk professionals in many sectors have been forced to urgently assess the short-and long-term consequences of the current coronavirus pandemic. Extensive pressure has been applied to adapt quickly when preparing for probable future risks and challenges. This need for immediate action, along with the need to anticipate risk and create a strategy for the reinstatement of regular operations, is sufficient to challenge even the most stringent risk management preparations.
According to the Risk Management Monitor, it has been months since the pandemic, companies are emerging from the global crisis and are facing the challenge of ensuring that their employees can work securely from home. They now understand that remote working is going to be extended or even becomes an integral part of employee life. As they have adjusted to this new reality, they need to determine if they have the best security safeguards in place.