Risk Management

The shocking MOVEit data breach has left global businesses reeling and exposed the hard truth of our digital era - cyber threats are an inescapable reality. The enormity of the breach's impact, and the sensitive nature of the data now in the hands of hackers, has served as a sobering reminder of the catastrophic implications of cyber attacks and the spiralling chaos they can induce in the corporate world.

In the high-speed and complex financial landscape we find ourselves in today, one of the most significant hurdles to overcome is the ever-present threat...

Once relegated to the background, supply chain management has now made its way into the heart of corporate board discussions. So what exactly are the supply chain concerns that can command board-level attention and how can these be effectively addressed? RegTech giant Moody's Analytics has undertaken the challenge to answer this. 

In a significant move underscoring its commitment to fight market manipulation, the Commodity Futures Trading Commission (CFTC) imposed a fine of $45m on a top-tier bank in May 2023. Eventus, a multi-asset class trade surveillance, algo monitoring and risk controls solutions provider, has explored what firms can do to avoid a similar incident. 

Prewave, a supply chain risk management and compliance platform, has secured €18m in a Series A+ funding round led by European venture capital firm Creandum.

Fairly AI, which has built an oversight and risk management platform for AI, has reportedly raised $1.7m in fresh funding.

Sigma Ratings, an automated relationship risk management firm, has continued its leadership shakeup with the appointment of Randal Skipper as its chief revenue officer.

Customer risk assessment is where the company assess which type of risk a potential customer poses, whether they are existing or new clients.

KYND, a provider of cyber risk management technology and services, has partnered with United Insurance Brokers (UIB) to help businesses gain control over cyber exposure.

As the risk landscape continues to grow in complexity, it can be hard to implement the best management processes. Diligent has outlined ten best practices for third-party risk management.