Risk Management in IT: A CFO’s Perspective on
Cyberattacks are becoming inevitable; with breaches costing approx. $4.88M, CFOs must bridge gaps to safeguard finances and reputation. Cyberattacks are no longer isolated incidents; they are an inevitable part of modern business risks. In 2024, the global average cost of a data breach reached an unprecedented $4.88 million, marking a
New-Age Enterprise Risk Management: A Paradigm Shift Aimed
Enterprise Risk Management integrates climate, geopolitical, and AI risks, ensuring proactive resilience amid volatility for sustained business viability. Introduction Enterprise Risk Management (ERM) takes a holistic approach to risk by evaluating it at the entity level. Its primary objective is to identify significant risks that could threaten the business model
Redefining internal audit with risk-based strategies and data-driven
Internal Audit shifts from compliance to strategic risk stewardship, driven by data analytics, leadership, and dynamic stakeholder expectations. Changing stakeholder expectations and a novel view of risk management are prompting a significant shift in the role of Internal Audit (IA) in several organisations. New demands from the board, senior organisational
How Allstate India’s CFO Hema Nevetia is driving
Modern CFOs evolve from stewards to strategic innovators, driving agility, tech resilience, and sustainable growth in volatile economies. As the financial landscape grows increasingly complex, the modern CFO is no longer confined to traditional stewardship. Instead, they are emerging as architects of innovation, drivers of agility, and custodians of sustainable
Board involvement and digital intelligence: A paradigm shift
Boards often prioritise image over expertise, undermining governance; active oversight and integrity are crucial for a credible growth. Boards are often viewed as strategic symbols to build trust among investors and customers. However, the reality behind their constitution is frequently influenced more by the perceived “selling power” of members than
How technology supports corporate discipline and compliance
In recent months, the RBI has taken stringent actions, including cancelling the licences of four NBFCs by exercising powers under Section 45-IA (6) of the Reserve Bank of India Act, 1934, while also accepting the voluntary surrender of licences from 13 other Non-Banking Financial Companies. In 2019, the RBI cancelled
Navigating the ICT landscape: Financial strategies for sustainable
The Information and Communication Technology (ICT) distribution sector stands at the crossroads of relentless technological innovation and market volatility. With surging demand and ever- shrinking product lifecycles, businesses face a complex landscape that demands both strategic foresight and strong financial management. To thrive, organisations must marry operational efficiency with financial
A visit to Camp Nou: A glimpse into
As one enters Camp Nou, FC Barcelona’s legendary football stadium, one might expect to be swept up in the fervour of sporting history. But during a recent visit, a surprisingly different vision took hold—a projection of our planet in 2030, and even further into 2040. It’s a vision that strikes