With today’s sheer volume and complexity of risk, management at all levels of the organization needs the right information at the right time to make strategic, risk-informed decisions.
In a new report, only 31% of audit, risk, compliance, and InfoSec senior leaders and managers say that their organization has a high level of connected risk maturity. Executives had a more optimistic view, with 40% of those surveyed saying the same. Similarly, roles focused on day-to-day operations were more likely to report budget and resource limitations as a top hurdle to more integrated risk management compared to executives.
In The Connected Risk Report: Uniting Teams and Insights to Drive Organizational Resilience, created by AuditBoard in partnership with Ascend2 Research, explore what over 500 InfoSec, compliance, risk, and internal audit leaders at various levels had to say about their approaches to risk management — and where they are in their connected risk journeys.
The report uncovers a potential disconnect between the C-suite and team managers at the operational level, with executives consistently rating maturity or progress higher than it may be in reality. This finding highlights the importance of enhanced communication, integrated data, and greater strategic alignment across the enterprise to avoid misunderstandings or unwanted outcomes.
Download your copy today for a detailed look at the findings, including:
- The challenges and benefits of a connected approach to risk management.
- Survey results to benchmark your organization’s connected risk maturity across people, data, processes, and technology, including AI use.
- Best practices for getting started with connected risk, whether you’re in audit and controls, risk management, InfoSec, or compliance.
