Understanding and managing risk is critical in navigating you, your family and your business through a world of growing complexity. At KPMG Family Office, our tailored approach to risk management focuses on areas that impact you, including financial, business, ownership, familial and reputational risk. As part of our comprehensive risk management process, we can help you by identifying risks across your business and personal life, taking steps to mitigate them and addressing and reducing the effects of any incidents that might occur.
Our trusted advisors work closely with you and your family to help:
- Detect and respond to cyber risk
- Protect your privacy, identity and reputation
- Manage third-party risk
- Create a protected IT environment
- Monitor and comply with regulatory requirements
How we can help
Cyber – Identity and access management
Cyber security is an important part of an effective risk management plan. KPMG Family Office manages cyber security health checks for identity protection and privacy to help you identify and address potential risks, comply with regulations, use safer platforms and achieve operational efficiency.
Cyber – Response
Cyber breaches can carry significant costs and consequences for successful individuals, their families and their businesses. To manage risk, KPMG Family Office provides immediate services to detect and respond to cyber breaches to help recover data, secure evidence, determine the cause, close existing vulnerabilities, and support through internal, legal and/or law enforcement inquiries.
Forensic – Corporate intelligence
Getting accurate corporate intelligence can help manage risks to you and your business. KPMG Family Office manages third-party risk by conducting forensic scans on your current and prospective business partners, organizations and employees to help reduce risk, avert corporate problems and aid in investigations.
Forensic – Data analytics
Reputational risk is an important type of business risk to account for. KPMG Family Office helps you manage reputational risk in financial and non-financial data (including social media footprint) through identifying unusual transactions or events that may be indicative of fraud, misconduct or abuse.
IT environment management
Information technology (IT) plays an integral role in many people's lives and businesses, and so managing risk in information systems is critical. Our risk management advisors assist with the efficient set-up of your personal and/or business IT environment through end-to-end design based upon industry-wide best practices and emerging risks.
Regulatory compliance – Continuous monitoring
Families and family businesses face a wide range of laws and regulations they need to comply with. Our risk management professionals assist with continuous monitoring to maintain certain permits and licenses (e.g., machinery, real estate, vendor, hunting-firearms) to ensure ongoing compliance with regulations.
Frequently asked questions (FAQs)
You, your family and your business require risk management professionals who understand your long-term strategic vision, with the confidence that comes from deep industry knowledge and experience with similar enterprises. Our proactive, trusted advisors work closely with you and your family to help ensure effective risk management by:
- Detecting and responding to cyber risk
- Protecting your privacy, identity and reputation
- Managing third-party risk
- Creating a protected it environment
- Monitoring and complying with regulatory requirements
Our advisors help family businesses by addressing complex risk management issues, creating and protecting sustainable business value, and transforming risk into a strategic advantage. We help in a range of areas, such as credit risk management, market and treasury risk, operational risk management, and regulatory advisory.
Cyber attacks and breaches are on the rise globally, and they can have significant impacts on a business, including financial and reputational costs. For successful individuals, their families and their businesses, having a cyber security risk management strategy in place is critical. An effective strategy helps keep security up to date and ensures the appropriate policies and procedures are in place to both prevent and respond to a cyber breach.
Family businesses are unique, and so are their risks. By recognizing and managing risks as they arise, you will have the potential to reduce their impact.
There are many benefits to addressing risk management. A strategic and effective approach to risk management can help improve decision-making, increase accountability, focus resources in areas of highest risk, and increase your success in meeting business objectives.
