Technology Risk Management Maximise 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 technology risk management plan as part of your overall operational risk management program. We establish and operate the organisational structures, frameworks, policies and procedures, oversight, and reporting necessary to manage increasingly complex demands for technology and compliance needs.Our technology risk assessment approach is based on redesigning and integrating methodologies to provide a holistic view of enterprise risk. Our technology and risk service capabilities enable organisations to better understand the true business impact and manage the risks emerging from an organisation’s legacy systems and the adoption of disruptive technologies. Survey April 17, 2025 3 min read Risk insights for technology and data teams Businesses today face a myriad of challenges as they adapt and transform their operational models to overcome future obstacles, including competitive pressures and cyber threats. The global marketplace is deeply influenced by advancements in technology, changing regulations, and economic factors, all of which necessitate access to skilled professionals and expertise.... Read more Transform technology risk into opportunity Pro Briefcase Technology governance and enablement Without a robust governance structure, organisations 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 organisations minimise 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. Effective risk management is about empowering decision-making within the organisation Our approach to managing technology risk Protiviti’s Technology Risk Management and Governance team, through our technology consulting services, helps organizations implement sustainable risk management strategies. We enable them to effectively identify risks and quantify their potential impacts on both IT and the broader business landscape.Organisations face increasing risks and costs related to delivering technology that supports the business. These challenges are often exacerbated by an inability to anticipate potential incidents as well as a reliance on inefficient processes for identifying and assessing risk. In fact, most organisations do not adequately consider IT risk and its impact on the business in their decision-making processes.Protiviti’s team of technology risk professionals work with you to implement processes for identifying potential risks at an early stage, quantifying the potential impact on the organisation as a whole, and designing controls as required to mitigate risk levels appropriately.Effective risk management is about empowering decision-making within the organisation. To assist with this, Protiviti works with you to build risk management reporting mechanisms that help you understand the risks to your organisation 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 organisation’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 organisation Technology Modernisation: protecting your business, reducing costs and remaining compliant In a world marked by unpredictable geopolitical forces, rapid technological advances, shifting employee and customer sentiments and evolving regulations, businesses face constant disruption. Leaders must modernise while reducing costs, avoiding outages and ensuring compliance with regulations and standards.Our framework, built on Ardoq technology, helps organisations reimagine their approach to understanding the intricate connections between business and underlying technologies. We help you transform your organisation by connecting business activities to operational processes and databases to drive meaningful change. Risk management and regulatory compliance go hand-in-hand. Find out more about Protiviti's regulatory compliance services. Click here Leadership Mark Burgess Mark is a managing director and Protiviti Australia's risk and compliance solution lead. With over 17 years of risk and regulatory compliance experience in the financial services industry, he has a proven track record delivering deep insights for his clients.Mark has ... Learn More Hirun Tantirigama Hirun is a managing director and Protiviti Australia's technology consulting lead with 18 years’ experience in providing risk and regulatory advisory services across a variety of clients and industries. He has led complex, transformational programs across areas such as ... Learn More Ruby Chen Ruby is a director with over 12 years of experience in the financial services industry, of which about ten years worked in the Big Four banks before transitioning into consulting. She has had a broad range of experience providing advisory services and secondments across ... Learn More Featured insights BLOGS Navigating Australia's Cybersecurity Obligations: SOCI, PSPF and the Essential Eight – A Strategic Guide for Government and Critical Infrastructure Organisations 18 min read As Australia confronts an evolving and intensifying cyber threat landscape, public and private sector entities are under increasing pressure to fortify their cyber resilience. Central to this effort are three frameworks that define the country's... BLOGS Australian Public Sector Integrity Frameworks: Rebuilding Trust Amid Ongoing Scrutiny 9 min read In the wake of high-profile failures — ranging from unlawful debt recovery programs to politicised grant schemes and procurement missteps —the Australian government has rolled out a series of reforms, including the Australian Public Service (APS)... PODCAST Podcast | Exploring the AI Frontier: Governance, Risks, and Opportunities – with Constantine Boyadjiev and Joel Wuesthoff 3 min read This episode of Protiviti's Blind Spots in the Boardroom podcast Protiviti Managing Director and host Constantine Boyadjiev welcomes Joel Wuesthoff, a Managing Director in Protiviti’s Legal Consulting practice. They discuss the intersection of AI... PODCAST Podcast | AI and Governance: Harnessing Innovation While Managing Risks- with Constantine Boyadjiev and Rich Kessler 3 min read In this episode of the Blind Spots in the Boardroom podcast, Protiviti Managing Director and host Constantine Boyadjiev welcomes Rich Kessler, a Director in Protiviti’s Technology Risk and Resilience, to discusses the growing impact of AI, especially... BLOGS Balancing generative AI innovation with individual privacy rights in Australia 9 min read As intelligent systems reshape how businesses process personal data, regulatory frameworks worldwide are playing catch-up. Forward-thinking organisations aren't waiting for mandates; they're taking the lead in defining what responsible innovation... BLOGS Ready to compete in a consumption-centric future? Rethink your cloud strategy and technology risk management 6 min read A consumption-centric enterprise framework is purpose-built to integrate, adopt and operationalise scalable, service-based technologies at speed and with strategic intent for the benefit of the enterprise. WHITEPAPER Third-Party Resilience: Increasing Transparency 17 min read The threats faced by financial institutions are vast, multi-faceted and constantly evolving. The industry has responded in kind, in part by investing in resilience capabilities that enhance their ability to recover from destructive attacks, including... NEWSLETTER Agentic AI: What It Is and Why Boards Should Care 3 min read In 2024, generative artificial intelligence (AI) was all the rage. In 2025, agentic AI has surfaced as the next frontier of AI deployment. What is agentic AI, and why is it important for directors to understand how management intends to use it?... PODCAST Risky Women Podcast | Adoption of AI to Support Second-Line Functions 2 min read Explore AI in risk management on the Risky Women Podcast. Learn about AI's impact on regulatory compliance, stakeholder trust, and efficiency in risk management. WHITEPAPER Generative AI: Business Rewards vs. Security Risks 9 min read Explore ISMG’s Second Annual Generative AI Study, sponsored by Protiviti. Learn how businesses balance AI innovation with security risks in this comprehensive report IN FOCUS Does DeepSeek disrupt your AI strategy? It should. 6 min read Late last month, DeepSeek, the China-based AI startup, sent shockwaves worldwide when it released its latest model, DeepSeek R1, which it says rivals ChatGPT’s capabilities. OpenAI’s o1 model was released on Sept. 12, 2024, roughly four months ahead... Previous Article Pagination Next Article
