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Taking Steps Towards Damage Control is Paramount At This Time

Anamika Sahu
Monday, March 28, 2016
Anamika Sahu
With the increasing complex operating environment, companies are grappling with new risks and that there are differences of opinion on how best to prioritize and respond to them. With brands like Sony, Citigroup, Startfor, AT&T and others losing their valuable information in the hands of the hackers, for the first time in the history of technology, the fragile nature of consumer trust in leading companies faded away bringing damage to brand and reputation as the top-ranked risk in our technology world. Failure to attract and retain top talent and the failure to innovate are the two other risk factors that leads to illness of an organization.

MarketsandMarkets forecasts the global enterprise governance, risk and compliance market to grow from $15.98 billion in 2015 to $31.77 billion by 2020, at a CAGR of 14.7 percent. Hence it is paramount to take essential steps towards damage control at the right time as we all know the hackers are 24x7 working towards finding a way to peep and steal your important valuables, i.e., data and information whether personal or official. Hence it is important for companies to identify, assess and prioritize risks followed by coordinated and economical application of resources to minimize, monitor and control the probability and/or impact of unfortunate events.

Understanding this, we at siliconindia brings to you the '20 Most Promising Risk Management Companies - 2016'. The issue features the story of some of the prominent names of this industry and how they are doing wonders for their clients.

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