The technology enabled environment of every enterprise is a symbol of organization's entry into the techno savvy world. As the growth progresses, organizations look forward to expansion programs, including areas beyond geographical boundaries.

1. Risk Management Framework – For A Risk-free Environment
The technology enabled environment of every enterprise is a symbol of organization's entry into the techno
savvy world. As the growth progresses, organizations look forward to expansion programs, including areas
beyond geographical boundaries. However in the process of business growth, there is nothing that can be
more hindering than unwarranted risks. Defined as an effect of uncertainty on objectives, it is characterized
by potential events and consequences.
A widely networked globalized environment is prone to risks of many kinds. Organizations in their attempts to
manage the risk prevalent in the environment invest in effective risk management framework which is
actually a set of components that facilitates organizational foundations for designing, implementing, reviewing
risks and continuously monitoring and improving risk management methods throughout the organization.
In an era of cyber threats and malicious attacks, risk management frameworks helps enterprises strike a right
balance between opportunity and threats. Inefficient networks pave way for ID misuse of privileged id's which
further leads to brand erosion, financial losses and huge amount of data theft. However, to manage risks it is
essential to understand and evaluate risk on the basis of its effect on the business as a whole. Risk
assessments are done through qualitative analysis. The frameworks helps organizations to enhance the
consistency of performance.
Today's with the enterprises using a number of cloud based application, cloud security is an issue that needs
to be paid attention to. Technological enhancements has also provided the workforce with mobility by
allowing for anytime anywhere access to most of the data on the enterprise network. The accessibility has
been designed to ensure business continuity and requires the enterprises to maintain a system which will
ensure data protection and mobile security .
Use of risk management frameworks provides enterprises tools for organizational self-assessment and guides
them to identify the areas that can be improved upon to ensure data security. To enable risk intelligent
control decisions effective implementation of the risk management framework within the organization is a
necessity. This is possible only when the development teams and workforce are strongly aware of the issue
and the causes.
The ardent need of the global enterprises to keep risks at bay has paved way for a number of service providers
working on these issues. The leading industry solutions for risk management includes a risk management
framework that functions through a two phased method :
Designing and Strategizing : Wherein the organizational strategies, compliance needs and policies are
assessed, identified and rated by the service provider. These also includes the functional processes. This
is followed by designing a holistic framework for the organization that depicts the method of managing
risks.
Sustenance and Deployment : This phase involves the designing the risk management templates,
customizes rating mechanism to address the assets of the enterprise.
Such holistic and modular risk management framework will help enterprises to effectively manage risks,
monitor compliance and client security policies.
Read more on - identity access management, application security, Information Risk Management