‘More Harm Than Good’? How Using Spreadsheets for Risk Can Increase Business Exposure

‘More Harm Than Good’? How Using Spreadsheets for Risk Can Increase Business Exposure

Recently, there’s been an undeniable increase in the demand for effective risk management, which is unsurprising considering the growing complexity of threats organizations face globally – from pandemic and supply chain issues, to emerging cyber risks and changing consumer expectations around Environmental, Social, & Governance (ESG) and more.

Spreadsheets are an obvious and seemingly easy first step for an initial introduction of risk management, but in all but the simplest applications, the use of spreadsheets in managing risk falls short and can actually cause more harm than good.

Risk and security professionals are aware that getting risk management wrong can result in missed risks, complacency, looking in the wrong direction, overspending in the wrong areas, underspending in the right areas – ultimately exposing the business to intolerable risk. However, with limited resources and budgets, how can this be avoided?

Watch this webinar to explore why using spreadsheets for risk management can actually increase your business exposure. Leveraging his 30+ years’ experience in the industry, Simon will also:
• Discuss why risk management platforms that mimic spreadsheets are no better, just more expensive;
• Describe the key requirements for effective risk management;
• Demonstrate effective risk management in action using the exciting new version 6 of Acuity’s STREAM Integrated Risk Management platform.

The webinar also includes a Q&A session.

Acuity Risk Management helps businesses worldwide effectively manage, prioritize and report on their risks to inform strategic and tactical decision-making and build long-term resilience. Purpose-built for risk management from the ground up, Acuity’s STREAM platform provides an integrated view of risk bringing cyber risk together with IT and operational risks to provide a comprehensive view of risk and compliance across the enterprise. The platform models all of the complex relationships that exist in cyber security risk management and presents the results in business terms via an intuitive user interface such that security leaders and executives can make informed risk decisions. The executive team draws on its deep expertise and industry experience to continually innovate and help companies prepare and protect themselves while embracing digital transformation.

For more information or to see STREAM in action, request a demo.