Enterprise Risk Management
As companies deepen their investment in emerging markets, extend their supply chains and face increasing pressure from regulators, investors and other stakeholders to increase transparency and disclosure, executives tasked with risk management assume an ever-greater responsibility for the uninterrupted performance of the business.
The discipline of risk management has moved away from a narrow subset of the finance function to become an overarching discipline that is now firmly entrenched as a board-level concern while requiring contributions from every level of the enterprise.
The primary focus of the risk management discipline has changed, too. Although more traditional risks, such as credit risk, market risk and foreign-exchange risk, remain fundamental considerations, companies from every industry and sector are now recognizing the need to quantify and assess risks that lurk in areas such as information technology, knowledge capital and reputation.
Information technology risks are defined as potential threats to assets within an organization that are harmful to the expected performance of an organization, given the inherent vulnerabilities of the assets. Organizations are increasingly dependent on crucial assets which they do not own or control - such as the software and technology behind business-critical functions, managed internally or through an outsourcer, or industrial product designs supplied by a third party.
To effectively control the growing threat, NCC Group advocates a holistic approach to managing enterprise risks that is integrated across all functional divisions and lines of business. This includes setting standard operating policies for utilizing Escrow and Assurance Testing as a risk mitigation strategy for licensing critical assets. As a trusted advisor, we help our clients to make the most efficient use of information and technology and to manage the associated risks.
Enterprise Risk Management is the convergence of three complementary business solutions:
Risk Management includes utilising Software Escrow, Source Code Escrow or protecting Hardware and other proprietary technology and processes. Learn more about Escrow
Testing with Verification and Validation of Escrowed Deposits, Application, Network, and Database Security Testing, Penetration Testing/Ethical Hacking, Load and Performance Testing, Website Monitoring, White Box Technology Review, and Source Code Quality Auditing. Learn more about Assurance
With Secure Discovery for Intellectual Property Litigation and Secure Due Diligence for Mergers and Acquisitions. Learn more about Secure Access
For more information on Enterprise Risk Management solutions, please contact us today.