Enterprises today face a myriad of risks that can impact their operations, finances, and reputation. Inter Enterprise Risk Management (IERM) is a crucial process that helps organizations identify, assess, and mitigate these risks effectively. By achieving excellence in IERM, businesses can safeguard their interests and ensure long-term success.
Statistic | Value |
---|---|
Total number of reported data breaches in 2020 | 1,001 |
Percentage of organizations that have experienced a cyber attack in the last 12 months | 67% |
Estimated global cost of cybercrime in 2021 | $6 trillion |
These statistics highlight the growing importance of effective risk management practices in today's digital age. Organizations must prioritize IERM to protect themselves from potential threats and vulnerabilities.
By focusing on these key areas, businesses can elevate their risk management practices and achieve excellence in IERM.
In conclusion, achieving excellence in Inter Enterprise Risk Management is essential for organizations looking to thrive in today's complex business environment. By implementing robust risk management practices and staying informed about emerging threats, businesses can protect their assets and reputation effectively.
Source: Data compiled from industry reports and research studies.