Asia Pacific Risk Symposium 2020

Your organisation’s digital journey will continue to evolve, as you face new challenges and in a changing risk landscape. COVID-19, rising trade tensions and slowing economic growth have all alerted organisations to be more resilient and agile in how they do business. The digital world, too, needs to adapt to the 'new normal'. Organisations need to build trust and resilience so that they can respond to these challenges rapidly.

This year, we held the Symposium virtually across three days. Three major risk themes were covered:

  • eGRC
  • Cybersecurity
  • Data

eGRC: Enabling the data driven, intelligent enterprise through digitising risk & compliance

Organisations are striving to enhance customer experience and reduce cost through digitisation at a pace we've never seen before. With this shift, they are facing new risks as well as the need for existing risk management efforts to keep pace and digitise. In addition, there are increasing obligations from regulators for organisations to comply with driving transformation of compliance capabilities. This dramatic shift is prompting organisations to better leverage technology to optimise risk management, transform compliance and strive for intelligent controls automation.

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Cybersecurity: Recent trends in a changing cyber risk landscape

Data: Future proofing - Navigating from data impediment to data enablement

Understanding the threats your organisation will likely face is key to effective cyber security. Organisations are becoming more vulnerable as cybercriminals continue to exploit COVID-19 concerns in order to spread malware. Workers have shifted to remote working, which requires more secure network capabilities and robust monitoring mechanisms. All these changes will expose businesses to new risks. It is important for your organisation to stay ahead and be able to respond to these new threats.

Establishing a good data trust strategy and platform is essential for organisations to benefits from the use of data. Robust data management framework can also support organisations to enable data driven processes / products and improve work efficiencies. These strategic and financial opportunities are at risk of being lost if there is a lack of ability to maintain data quality, prevent data theft and leakages and ensuring data integrity.

Contact us

Andrew McPherson

Andrew McPherson

Partner, Sydney, PwC Australia

Tel: +61 418 431 296

Craig Sydney

Craig Sydney

Partner, Sydney, PwC Australia

Tel: +61 400 215 757

Andrew Gordon

Andrew Gordon

Partner, Melbourne, PwC Australia

Tel: +61 402 892 184

Jon Benson

Jon Benson

Partner, Melbourne, PwC Australia

Tel: +61 438 565 299

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