Taking Risks is necessary to get Opportunities but Taking Risks without Risk Management is GAMBLING!
Weeds do not need any help to grow. But to have a beautiful garden requires hard work!
A lot of people and organizations think they are taking risks and managing them effectively because ‘on the surface’ (revenues, short-term profits) everything appears to look good!. Unfortunately, it is only during a crisis that they will find out too late that they are ‘naked’.
A Stress testing is a form of test that aims to evaluate how a system (financial system) or an entity (a Bank in this case) can cope when subjected to amounts of stress that goes well beyond the ‘normal’ expected operational environment. The goal is to observe the results to determine the resistance range and breaking point. Continue reading
A major hack attacks resulting in tens of millions of your customer’s information including credit card details to be compromised and forcing your organization to shutdown your main online money-making system should be one of your worst nightmares. Continue reading