New Risk Mindset Series

Overview

THE NEXT ORGANIZATION research study identified a “New Risk Mindset” as one of the seven key dimensions of a successful business transformation initiative. In the papers below, across a range of risk areas, starting with cybersecurity, we have collaborated with the communication specialists of FTI to identify and explore the prospective steps companies should take to help them realize a new risk mindset — which will enable them to better anticipate their true risks across the entire enterprise in a multidimensional way and, importantly, prepare in advance to mitigate these risks.

New Risk Mindset
Over 70% of financial services organizations believe companies must take a proactive approach to risk management to pre-empt crises.

Applying the Enterprise Risk Mindset to Navigate Cybersecurity Threats

Financial institutions and securities market participants continue to face escalating cyber-attack threats – in frequency, volume, and severity. Not all cybersecurity incidents impacting financial institutions are created equal. Each incident has different considerations from an enterprise risk management perspective.

applying the enterprise risk mindset to ai

Artificial intelligence (AI) and other emerging technologies have the potential to revolutionize the financial industry. At the same time, its use introduces new risks that need to be anticipated and addressed. This paper explores these enterprise risk issues raised by the use of AI tools.

Additional Authors from FTI Consulting

Meghan Milloy, Managing Director

Matt Saidel, Managing Director

The views expressed herein are those of the author(s) and not necessarily the views of FTI Consulting, Inc., its management, its subsidiaries, its affiliates, or its other professionals.

FTI Consulting, Inc., including its subsidiaries and affiliates, is a consulting firm and is not a certified public accounting firm or a law firm.

FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. FTI Consulting professionals, located in all major business centers throughout the world, work closely with clients to anticipate, illuminate and overcome complex business challenges and opportunities. www.fticonsulting.com