For the first time, reputation risk, organizational culture, and cybersecurity have all landed among the top five risks in the energy industry. How can energy companies tackle all of these risks without wasting time and money on additional resources?
This year at my IRMI Energy Risk and Insurance Conference session, I showed attendees how they could tackle all three of these top-priority risks with enterprise risk management.
The key is adopting a truly integrated approach to risk management. The truth is, energy companies already collect much of the information they need to build a mature risk management program. More often than not, however, organizations fail to engage all departments and levels of the organization to share this information cross-functionally and to the right levels to make decisions.
During my session at 2019 IRMI ERIC, I walked attendees through, step-by-step, how their organizations can implement a risk-based approach to build a risk culture and cybersecurity program that mitigates reputational risks before they occur.
Whether you made it to this year’s conference or not, I wanted to share some of my takeaways from the session, as well as some tools I presented to facilitated a risk-based approach.