| | FEBRUARY 20234 Over the past few years, almost every business decision across the globe has been a calculated risk, at the very least. We have learned that the future will be unpredictable to a great extent, and we learned it the hard way. Despite the setbacks, another thing we learned was that risk could also be used as a tool to create value and achieve higher levels of performance. While it's imperative that organizations understand the dire need for a risk mitigation leader, needless to say, it's going to be a mixed bag of challenges for the chief risk officers. Many organizations have already comprehended the need for a dedicated executive within the organization to look after competitive, regulatory, and technological security. Many have taken an additional stride forward an insightful and holistic approach by having a Chief Risk Officer (CRO) on board to assess all organizational risks. This spans across everything from physical security to cybersecurity and financial, insurance, reputational, and other risks.Given the dynamically changing internet security landscape and regulatory compliance requirements worldwide, a CRO is a competitive advantage for any company. Risk is no longer something to only fear, minimize, and avoid; but something that needs to be leveraged and maneuvered to churn out growth strategies. However, for the risk function to be effective, CROs must champion a cultural shift towards a digital-first mindset across the organization. Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialRisks are Not that Risky Anymore Vol 04 · Issue 4-5 ·FEBRUARY, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N Ray Noida Rohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries firstname.lastname@example.orgTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto email@example.comMagazine Price is $50 per issueEditor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Designer Mrigank SharmaVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran Perumal Editorial Heena Kousar Keerthana Kantaraju Roopalatha H.
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