Event Details
The first two CAE Forums, the discussion focused on the overall changes that the last two (2) years of immense disruptions have impacted government policies, consumer behavior, and organization's business model and the potential of people as the main drivers of disruptive innovations. This time, the spotlight for this afternoon's CAE forums are the modern risks that organizations face today which are information risks and sustainability risks. With exponential advancement in information technology and the growing impact of climate change to the environment and society, many, if not all, organizations face a grueling challenge of efficiently and effectively managing potential impact of these risks to their organization with the objective of protecting and improving organizational value.
Discussion Context:
In this session, solicit and drive exchange of views, insights, and best practices from the the panelists, the moderators, and from the CAEs (and other attendees), in addressing or navigating through below risk areas which may have led many companies to rethink or change their business models:
Risks that Matter: Focus on Cybersecurity, Privacy and Sustainability Risks
- Organizations may not be sufficiently prepared to manage cyber threats such as ransomware and other attacks that have the potential to significantly disrupt core operations and/or damage their brand.
- Third-party risks arising from organizations' reliance on outsourcing and strategic sourcing arrangements, IT vendor contracts, and other partnerships/ joint ventures related to data privacy, information sharing, environmental and social sustainability.
- Organizations may not have the adequate capability to measure, evaluate, report, and manage the direct and indirect impact of its actions have on individuals and communities.