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 program. 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. Survey April 4, 2024 CIOs and CTOs See Skills, Staffing and Talent as Top Risk Concerns Businesses today face a myriad of challenges as they work to adapt and transform their operational models in order to overcome future obstacles, including competitive pressures and cyber threats. Moreover, the global marketplace is deeply influenced by advancements in technology, changing regulations and economic factors, all of which necessitate access to skilled... Read more Transform Technology Risk into opportunity Pro Briefcase Technology Governance and Enablement Without a robust governance structure, organisations struggle to align IT execution to business objectives. We help develop frameworks, policies, and processes to support governance, ensure consistency, manage risk, and improve regulatory compliance. Pro Building office Technology Risk and Compliance Transformation Align your technology risk appetite, compliance requirements, and risk strategy. We tailor programs leveraging established frameworks and incorporating the latest industry standards. Our services include maturity assessments, risk framework design, and training. Pro Document Consent 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. Pro Document Stack 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 Effective risk management is about empowering decision-making within the organisation Protiviti’s Technology Risk Management and Governance team helps organisations implement sustainable risk management approaches that enable them to identify risks and quantify the potential impacts on both IT and the wider business.Organisations face increasing risks and costs related to delivering technology that supports the business. These challenges are often exacerbated by an inability to anticipate potential incidents as well as a reliance on inefficient processes for identifying and assessing risk. In fact, most organisations do not adequately consider IT risk and its impact on the business in their decision-making processes.Protiviti’s team of technology risk 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. To assist with this, Protiviti works with you to build risk management reporting 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 Streamlined IT GRC Solution Enhances Manufacturer's Security Risk Management Posture Utilising LogicGate's Risk Cloud Platform, a versatile no-code GRC solution, Protiviti technology experts enhance manufacturer's security risk management posture. BLOG Insights into Cloud Resilience: Ensuring Robust Infrastructure and Operations In the fast-paced world of modern cloud computing, ensuring infrastructure resilience is a paramount concern for enterprises worldwide. As businesses increasingly rely on cloud services to power operations, the ability to withstand disruptions and... BLOG Securing Large Language Models: Unique Challenges and Rethinking Traditional Security Approaches Large Language Models (LLMs) are computational systems that process and generate text by learning from vast datasets. These advanced models, which can understand and generate human-like text, have become integral in driving business innovations,... SURVEY CIOs and CTOs See Skills, Staffing and Talent as Top Risk Concerns Businesses today face a myriad of challenges as they work to adapt and transform their operational models in order to overcome future obstacles, including competitive pressures and cyber threats. Moreover, the global marketplace is deeply influenced... BLOG Building Technology Resilience: Aspects and Actions This is the second in a two- part series exploring the benefits of technology resilience , its aspects and the steps involved to implement a technology resilience program. This post describes aspects of a successful technology resilience program and... BLOG System Integrator or Security Specialist: Who Should Be Responsible for Implementing S/4HANA Security and Controls? In the dynamic landscape of SAP S/4HANA implementations, the critical aspects of security, governance, risk and compliance (GRC) and controls demand meticulous attention. Transformation of business processes presents an opportunity to revamp the... WHITEPAPER Enabling Enterprise AI Adoption Through Next-Generation Governance Artificial intelligence (AI) has become increasingly important in the enterprise, thanks in part to the rise of generative AI (GenAI). While not a new technology or concept, AI (including machine learning) holds tremendous promise to transform... Button Button Leadership Kevin Khan Kevin is global leader of Protiviti's Technology Governance and Risk Management practice. Kevin brings experience in operational risk across the lines of defense, CIO / CISO strategy, and advanced analytics, with a deep financial services background in technology, ... Learn More