Risk can be hard to foresee and preparation is the best risk mitigation strategy an organization can have. As the economic and regulatory environments continue to evolve, organizations face emerging business risks that challenge traditional strategies and assumptions. The accelerated shift to digital operations as a result of COVID has made organizations more susceptible to technology- and cyber risks. Many organizations have also witnessed the profound impacts supply chain weaknesses can have on their operations. Meanwhile, political-, regulatory-, tax-,environmental and financial risks have become a focal point for governments and business across the globe. In order to build resilience into operating models and help reduce or manage these threats, organizations need to develop a risk mitigation plan which will help to:

  • Assess and quantify risks using a robust enterprise-wide framework
  • Implement early detection systems and protocols
  • Define risks tolerance at all levels
  • Include third-party providers as part of all risk reviews
  • Develop plans and implement protocols for mitigating risks and communicating to stakeholders should an issue arise.

93% of Canadian CEOs agree that Generative AI is a double-edge sword in that it may aid in the detection of cyberattacks, but also provide new attack strategies for adversaries

Source: 2023 KPMG CEO Outlook

Insights and resources

Tools, resources and insights to support your risk strategies.

Want to receive insights, events and more to your inbox?

Industry perspectives

Every industry and business faces a unique set of risks and challenges. From global retailers to local governments, technology start-ups to healthcare organizations, our multi-disciplinary teams have insights and tools to help secure your organization.

How we can help

Whether your organization is facing unique market and jurisdictional risks, looking to offset workforce and people risks, evaluating impacts of technology on operations or is looking to fortify against a cyberattack, we can help. Our professionals can deliver a risk assessment and management plan as well as implement risk mitigation protocols to help protect your organization.

Connect with us

Get in touch with us today to speak with a KPMG advisor