Technology Risk Management Maximize technology value while managing risk Technology is an enabler for driving business innovation, market advantage, and improved customer experience. However, not having a clear understanding of threats and the controls needed to mitigate technology risk may cause loss, increased costs, and non-compliance.Our technology risk management services help you develop a robust IT risk management plan as part of your overall operational risk management program. We establish and operate the organizational structures, frameworks, policies and procedures, oversight, and reporting necessary to manage increasingly complex demands for technology and compliance needs.Our approach is based on redesigning and integrating methodologies to provide a holistic view of enterprise risk. Our service capabilities enable organizations to better understand the true business impact and manage the risks emerging from an organization’s legacy systems and the adoption of disruptive technologies. Transform Technology Risk into Opportunity Pro Briefcase Technology Governance and Enablement Without a robust governance structure, organizations struggle to align IT execution to business objectives. We help develop frameworks, policies, and processes to support governance, ensure consistency, manage risk, and improve regulatory compliance. Pro Building office Technology Risk and Compliance Transformation Align your technology risk appetite, compliance requirements, and risk strategy. We tailor programs leveraging established frameworks and incorporating the latest industry standards. Our services include maturity assessments, risk framework design, and training. Pro Document Consent Technology Risk Assessment and Remediation Which technology risks pose the greatest threat to your reputation, brand image, and enterprise value? We assess the effectiveness of IT risks and controls to address regulatory mandates or economic developments across IT processes, controls, and technology systems. Pro Document Stack Business Continuity and Resilience We help organizations minimize and mitigate the risks associated with unplanned events. We revisit business continuity plans and develop comprehensive technology resilience strategies to protect your people, brand, operations, revenue, and remain compliant. Our Approach Effective risk management is about empowering decision-making within the organization Protiviti’s Technology Risk Management and Governance team helps organizations implement sustainable risk management approaches that enable them to identify risks and quantify the potential impacts on both IT and the wider business. Our professionals work with you to implement processes for identifying potential risks at an early stage, quantifying the potential impact on the organization as a whole, and designing controls as required to mitigate risk levels appropriately.We work with you to build risk management reporting mechanisms that help you understand the risks to your organization and their consequential impacts. We also help integrate the wider business into the risk mitigation strategy for IT. An improved understanding of risk can help IT increase the level of service provided to the business and the CIO to justify the investments required to implement strategic remediation solutions.Our IT Risk Management consultants help you achieve improved decision-making based on a clear understanding of inherent and residual risk. Enhanced reporting increases the organization’s ability to anticipate potential IT failures and perform a root-cause analysis to identify the control failures behind service outages, leading to a reduction in recurrences. Effective risk management is about empowering decision-making within the organization Streamlined IT GRC Solution Enhances Manufacturer's Security Risk Management Posture Utilizing LogicGate's Risk Cloud Platform, a versatile no-code GRC solution, Protiviti technology experts enhance manufacturer's security risk management posture. The Innovation vs. Technical Debt Tug of War Global Technology Executive Survey Learn more BLOG Building Technology Resilience: Aspects and Actions This is the second in a two- part series exploring the benefits of technology resilience , its aspects and the steps involved to implement a technology resilience program. This post describes aspects of a successful technology resilience program and... FLASH REPORT EU Lawmakers Reach Agreement on AI Act, Creating Regulatory Framework Addressing Risks of AI On December 8th, after two and a half years of negotiation, the Council of the EU and the EU Parliament finally reached a provisional agreement on the EU AI Act, which was first proposed by the European Commission in 2021. The agreement creates... BLOG Why Care about Technology Risks and Building Resilience? This is the first post in a two-part series exploring the benefits of technology resilience. It defines technology resilience and describes its value to organizations. A subsequent post describes aspects of technology resilience and outline steps to... PODCAST Podcast | Emerging Regulations in Tech: Understanding the Digital Services Act – with Kaitlin Kirkham-Cooper and Roxanne Miller As of August 25, 2023, large technology companies providing hosting services, online platforms and search engines, are required to put processes in place to be notified of illegal content and to act on notifications under the European Union’s Digital... FLASH REPORT Are SEC Charges Against SolarWinds and Its CISO Signaling a New Era of Personal Accountability? In this Flash Report, we summarize the SEC’s allegations against SolarWinds and offer nine points for executives and functional leaders with SEC registrants to consider regarding their own accountability and responsibility for public reporting.... SURVEY Navigating a Technology Risk-Filled Horizon Protiviti partnered with The Institute of Internal Auditors to conduct its 11th annual Global Technology Audit Risks Survey in the second and third quarters of 2023.The objective of this survey is to explore the top technology risks organizations... Button Button Leadership Andrew Retrum Andrew Retrum is a Managing Director within Protiviti’s Technology Consulting Practice and the Global Technology Risk & Resilience Practice Co-Lead. Andrew assists our clients in navigating an ever-evolving risk landscape, managing cyber and evolving technology ... Learn More Kevin Khan Kevin is global leader of Protiviti's Technology Governance and Risk Management practice. Kevin brings experience in operational risk across the lines of defense, CIO / CISO strategy, and advanced analytics, with a deep financial services background in technology, ... Learn More Geoffrey Schroyer Geoffrey is a Managing Director in Protiviti’s Technology Risk and Resilience practice. He is also responsible for leading Protiviti’s Austin office, serving our Central Texas market.He has primarily performed work for clients in the Financial Services, Retail, and ... Learn More