Increasingly, banks incorporate information technology to benefit from software and systems to power their work. These software and systems are susceptible to the concomitant concomitant risks. Typically concomitant risks include the disruption of critical processes outsourced to vendors, breaches of sensitive customer or employee data, and coordinated denial-of-service attacks
The management of risk portfolio is vital at this point as the higher concentration of assets in a stiff competition sector would create the tendency for numbers of risk especially operational risk when the failure of system, people, technology and external environment leading to other risks which caused by these factors. Thus managing these factors would reduce other risks.
This link will help you
http://www.mckinsey.com/business-functions/risk/our-insights/the-ghost-in-the-machine-managing-technology-risk
- Badges
- Science topic
- Similar topics
- Biological Science
- Anatomy
- Tissue