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For Security & Risk Professionals

Widen Your Risk Taxonomy To Remove Blind Spots

Landscape: The Governance, Risk, And Compliance Playbook

February 8, 2019

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  • By Renee Murphy
  • with Christopher McClean,
  • Trevor Lyness,
  • Peggy Dostie

Why Read This Report

The way enterprises categorize risk has important implications for how they assess, measure, and treat it. Antiquated categories of risk — such as legal, operational, financial, and strategic — may leave an organization blind to some of the biggest sources of potential loss because they don't happen to fall neatly into these groupings. This report explores the breadth of risk events that have caused the biggest recent corporate losses, introducing a new taxonomy to help risk managers make sure they don't have any such blind spots.

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Table of Contents

  • We Talk About Risk In Outdated Terms, And It Has Consequences
  • Complete Risk Assessments Consider More Attributes
  • Put The Three-Dimensional Risk Taxonomy To Use
  • What It Means

  • Narrowly Focused Risk Assessments Do An Incredible Disservice
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