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 IT risk management plan as part of your overall operational risk management programme. 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 approach is based on redesigning and integrating methodologies to provide a holistic view of enterprise risk. Our 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.
 

Transform Technology Risk into opportunity

Our approach

Effective risk management is about empowering decision-making within the organisation

Protiviti’s Technology Risk Management and Governance team helps organisations implement sustainable risk management approaches that enable them to identify risks and quantify the potential impacts on both IT and the wider business.

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

Leadership

Michael Pang
Michael is a managing director with over 20 years’ experience. He is the IT consulting practice leader for Protiviti Hong Kong and Mainland China. His experience covers cybersecurity, data privacy protection, IT strategy, IT organisation transformation, IT risk, post ...
Franklin Yeung
Franklin is a director with over 22 years’ experience in IT consulting, audit, and system implementation. He has experience in assisting organisations with IT/IS security, strategy, governance, risk management, internal controls, business continuity management, system ...
Jeffrey Hau
Jeffrey leads Protiviti Hong Kong's risk and compliance and internal audit practices with more than 20 years of experience in regulatory compliance consulting and auditing. As the leader of the financial services practice, his specific areas of focus include advising ...
Edward Choi
Edward is a director at Protiviti with 14 years of experience in regulatory compliance and internal audit for global financial institutions. He is a leader in Protiviti’s risk and compliance practice and serves the financial services industry in Hong Kong.Prior to ...

THOUGHT LEADERSHIP

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