When it comes to reputational risk, a reactive approach is generally taken by organizations, with efforts focused on handling threats to their business they are already aware of. As much as this enables short term damage limitation, it may not be enough to manage and protect your risk in the long term. Instead, a more proactive approach is key to success.

In today’s environment, organizations face increasing risk amid the pandemic and continued economic, geopolitical, and climate change-driven disruption. As a trusted partner to companies as they focus on mitigating operational risk, ServiceNow is pleased to announce new Operational Risk Management and resilience capabilities for the enterprise that will help companies manage operational disruption.

At the advent of the pandemic, how prepared was your organization to support customers and employees? Or to continue delivering critical products and services? How adaptable and effective was its technology, workforce, and supply chain? As the COVID era has shown, resilience can’t be summoned overnight. It requires business and technology transformation.

It’s an honor to be named a Leader in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools (ITVRM)! ServiceNow Vendor Risk Management delivers a fast, smart, and connected way to manage third-party risk and build supplier resilience. This recognition as a Leader in the 2020 ITVRM Magic Quadrant comes shortly after Gartner also named ServiceNow as a Leader in the 2020 Magic Quadrant for IT Risk Management and in the 2019 Magic Quadrant for Integrated Risk Management Solutions.

In life, risks can be perceived both negatively and positively. Taking a risk can sometimes yield great results, but other times, a risk is a yellow light of caution. For businesses in particular, if not managed properly, IT risks like malware malfunctions and employee errors can range in size and occur in several areas. The result is disruption and valuable time being used to resolve the issue. But even with risk present, there are measures IT can put in place to ward them off.

Do you own or manage a business? Managing a company involves many steps. These steps begin right from the genesis of an idea through its execution. They also involve choosing a development procedure and managing risks. Most software companies these days are adopting the latest project methodologies, like DevOps and agile.

Performing a security risk assessment has become an economic and functional necessity in the digital economy. Cyber-threats and many of the legal and operational aspects of data-handling now constitute as much of a challenge to enterprise success as effective marketing, and continuous service delivery.