Doculabs Global Risk and Compliance Infographic changes the way corporations view risk by converging COSO 2013, enterprise risk management, GRC controls, and enterprise information management. Added is also the demand for Vulnerability and Threat Assessments to the traditional Risk Assessment methodology.

1. Governance, Compliance, Controls, and Communication can improve when your organization asks itself the tough questions, after understanding how risk, threats, and vulnerabilities interrelate.
Risk = Threat x Vulnerability x Impact/Consequence
Changing the Way You View Risk
Most Risk Assessments do not consider the whole ecosystem that defines the risk environment. The way that a corporation views risk sets the tone from the top regarding: Governance, Compliance, Appetite and Tolerance, and Resiliency. Risk levels set too low or high potentially effect profitability and growth opportunities or can reduce resiliency and business continuity. To effectively assess risk, threats and vulnerabilities must also be considered and evaluated.
Threats
•THREATS are functions of capabilities and intentions for action, potential action, or inaction that can cause damage, harm, or loss.
Risks
•RISKS are defined by the likelihood to become involved and the potential or possibility of compromise, loss, or adverse consequences.
Vulnerabililities
•VULNERABILITIES are based on the weaknesses and gaps of protection that can be exploited by the Threats and increase Risk.
KEY RISK CONTRIBUTORS
 Strategies
 Markets
 Policies
 Geographies
 Laws & Regulations
 Products
 Partners
 Supply Chains
 Fraud
 Trends
 Developments
 Competitors
WHAT ARE OUR THREATS?
ARE WE PREPARED?
WHAT IS THE IMPACT?
Do you know the answers? Are answers available in your current plan?
Your stakeholders ask how risks affect profits and what you are doing to assure company performance while reducing exposure.
Regulators and Dept. of Justice will assess your oversight, controls, behaviors, and docs to prove it.
'The farther back you can look, the farther forward you are likely to see.'
- Winston Churchill
Contact: Scott Swanson, Practice Leader
1-312-659-3000
sswanson@doculabs.com