GRC Viewpoint

Business Continuity Management: Risk Factors from A 2023 Perspective

Business continuity management is more than inevitable for any enterprise. However, from a 2023 perspective, certain risk factors become essential for business continuity.

Cyber security is still persistent at the top. Cyber threats are ongoing and show no indication of waning. Data breaches, ransomware, and phishing assaults are all on the rise. Besides, the nature of threats has evolved. As a result, IT experts need to go beyond conventional methods to achieve the desired results.

READ MORE: The Need for Cybersecurity in Vehicles: Protecting Your Fleet from Emerging Threats

Developing and fostering a culture of awareness around cybersecurity risks is the most crucial action that can be taken at any firm.

Challenges concerning the workforce are also vital as they worsen the vulnerable scenario. The uncertainty at the workplace is evident and is capable of causing significant employee attrition.

Constantly changing market trends and the need to remain competitive are other reasons for uncertainty. Shortage of talent is another imperative aspect that requires immediate tackling. Finding the right talent and retaining them is another task. 

READ MORE: The Current State of Play for Threat Management in Cyber Security

Organizations need to introduce new strategies that revolve around making the workforce stable. 

Avoiding Project Management Risks is the next feature to be discussed. Many project management teams are already overworked, says surveys. Also, it would not be possible to remain on top of all the threats with conventional methods. New strategies have to be adopted that can address today’s requirements.

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