Technology Risk Management

Maximise technology value while managing risk

Technology is an enabler for driving business innovation, market advantage, and improved customer experience. However, not having a clear understanding of threats and the controls needed to mitigate technology risk may cause loss, increased costs, and non-compliance.

Our technology risk management services help you develop a robust IT risk management plan as part of your overall operational risk management programme. We establish and operate the organisational structures, frameworks, policies and procedures, oversight, and reporting necessary to manage increasingly complex demands for technology and compliance needs.

Our approach is based on redesigning and integrating methodologies to provide a holistic view of enterprise risk. Our service capabilities enable organisations to better understand the true business impact and manage the risks emerging from an organisation’s legacy systems and the adoption of disruptive technologies.

Technology Governance and Enablement

Robust yet adaptable governance mechanisms unleash IT’s ability to execute against business objectives. We help develop frameworks, policies, and processes to support governance, ensure consistency, manage risk, and improve regulatory compliance.

Technology Risk and Compliance Transformation

Align your technology risk appetite, compliance requirements, and risk strategy. We tailor programmes leveraging established frameworks and incorporating the latest industry standards. Our services include maturity assessments, risk framework design, and training.

Technology Risk Assessment and Remediation

Which technology risks pose the greatest threat to your reputation, brand image, and enterprise value? We assess the effectiveness of IT risks and controls to address regulatory mandates or economic developments across IT processes, controls, and technology systems.

Business Continuity and Resilience

We help organisations minimise and mitigate the risks associated with unplanned events. We revisit business continuity plans and develop comprehensive technology resilience strategies to protect your people, brand, operations, revenue, and remain compliant.

Our approach

Protiviti’s Technology Risk Management and Governance team, through our technology consulting services, helps organisations implement sustainable risk management strategies. We enable them to effectively identify risks and quantify their potential impacts on both IT and the broader business landscape.

Our professionals work with you to implement processes for identifying potential risks at an early stage, quantifying the potential impact on the organisation as a whole, and designing controls as required to mitigate risk levels appropriately.

Effective risk management is about empowering decision-making within the organisation

We work with you to build risk management mechanisms that help you understand the risks to your organisation and their consequential impacts. We also help integrate the wider business into the risk mitigation strategy for IT. An improved understanding of risk can help IT increase the level of service provided to the business and the CIO to justify the investments required to implement strategic remediation solutions.

Our IT Risk Management consultants help you achieve improved decision-making based on a clear understanding of inherent and residual risk. Enhanced reporting increases the organisation’s ability to anticipate potential IT failures and perform a root-cause analysis to identify the control failures behind service outages, leading to a reduction in recurrences.

Effective risk management is about empowering decision-making within the organisation

Featured insights

PODCAST

Risky Women Podcast | Driving Tech & Innovation in Risk Management

Risky Women Podcast | Driving Tech & Innovation in Risk Management

In this episode, Jo Shoppee, head of operational risk, technology, at ANZ Bank, shares her unexpected journey into risk management, from working as a teller at ANZ to becoming a technology risk specialist. Jo discusses the challenges of balancing...

Leadership

Alice is an Associate Director in Protiviti’s London office. She has over ten years of risk consulting, internal controls assurance and internal audit experience across a variety of industry sectors. She manages a portfolio of clients anging from SMEs to multinational ...