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Digital World

Climate Risk Management

Climate change is no longer a distant threat; it is a pressing reality that poses significant risks to businesses worldwide. As extreme weather events, rising sea levels, and shifting climate patterns become more frequent and severe, organizations must adapt their risk management strategies to address these emerging challenges. The Growing Importance of Climate Risk Management …

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Cybersecurity Threats and Compliance

The digital landscape is evolving rapidly, bringing with it a plethora of opportunities. However, it also presents significant cybersecurity challenges that can have severe consequences for businesses of all sizes. From sophisticated cyberattacks to data breaches, organizations must be vigilant in their approach to security. The Evolving Threat Landscape Cybercriminals are constantly innovating, developing new …

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Transparency and Accountability in Automated Audits: A Focus on AI

Artificial intelligence (AI) and machine learning (ML) have increasingly been adapted in every industry today, including auditing. It has brought about major advancement but risks transparency and accountability simultaneously. As AI-based systems get more and more complex, understanding their decisions and reliability are the need of the hour. The Need for Transparency in AI-Powered Audits …

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AuditOps: Revolutionizing Audit Functions with Technology

The digital speed of business continuously fuels a search for new methods of modernizing operations and changing them to improve efficiency. The audit function, frequently portrayed as antiquated and bureaucratic, is not immune to this process. However, emerging sophisticated technologies are opening up something new: AuditOps. What is AuditOps? AuditOps is a strategic use of …

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ISO 27001:2022-The Roadway to Enhanced Information Security Management Roadmap Introduction

In the current digital world, where sophistication in data breaches and cyberattacks is rising, confidentiality of sensitive information becomes crucially important. ISO 27001:2022 is an international security standard catering to information security management systems (ISMS). It provides an internationally acknowledged framework for organizations worldwide. This article discusses some of the important aspects of ISO 27001:2022 …

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Digital Transformation Series 3

Changing Insurance Industry Chapter 3 Finally, the following are a few ways insurance providers are making life easier for customers through the digital transformation. Self-Service Model The self-service model is one of the best models.. It is the same way we see in in grocery stores and restaurants — and now we are finally seeing …

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Digital Transformation Series 2

Changing Insurance Industry Chapter 2 What are the most trending Technology Opportunities for Insurance Companies?     Question is 1. Big Data Analytics Companies are collecting the data on their users and accordingly trying to customise their service to each customer. Question is 2. Internet of Things [IoT] IOT is a big buzz word but …

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Digital Transformation Series 1

Changing Insurance Industry Chapter 1 Digital transformation initiatives have the potential to drive customer engagement, open up new revenue streams and improve time to market on new products and services. Although the Digital transformation is challenging for insurance domain, because the change must happen without interrupting the flow of daily business. And the problem with …

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Corporate Cyber Security Risk – False Perception of Reality

Current State, Trends and Investment Plans for advancing Cyber Security – A Report on Cyber Security Services – Prepared by CyberInsurify Team.   OVERVIEW What is in the Report? 1. Corporate governance or compliance is not enough: moving towards a prevention model for Cyber Security. 2. New evolving technologies and their threat anxieties: risk management …

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