The risk landscape is getting more complex, and businesses need every advantage to protect themselves from data breaches, infractions and penalties.

Enterprise risk management (ERM) breaks the typical siloed approach to risk management. It captures the full spectrum of risks confronting a business and treats them as an interrelated risk portfolio. This way of thinking about risk is a major step forward.

But how can a business adopt ERM sensibly? As with any new approach to an old problem, there are inevitable pitfalls and learning curves.

In this guide, we provide you with the 7 steps to achieving an efficient ERM program, including:

• Moving beyond a compartmentalized silo view of risks
• Providing management with quantified insights into risks
• Using big data & analytics for real-time risk monitoring
• Applying analytics to internal controls
• Making data-driven risk management decisions
• Integrating risk management into daily business activities
• Bridging the gap between business & risk professionals