Enhancing collaborative risk management by unifying approaches to fraud, cyber and tech risks is critical to ensuring cybersecurity resilience. In this session, panelists explore the challenges in integrating collaboration between IT, cybersecurity and fraud/risk functions, focusing on how enterprises usually take a siloed approach to risk management. Security and business leaders must aim to break down these silos through enterprise risk management and formal and informal networking.

Organizations must recognize all risks as business-wide concerns, rather than departmental issues. The session includes methods for measuring collaboration effectiveness and prioritizing risk mitigation investments, as well as practical insights for organizations seeking to improve their risk management approach.

The session covers:

• The collaborative frameworks that enable CISOs and IT teams to seamlessly integrate security measures with everyday IT operations
• Success stories that showcase the benefits of these partnerships, emphasizing efficient risk mitigation and the development of a robust cybersecurity culture
• Insights on how to establish a shared language for risk communication, the formation of interdisciplinary teams, and the importance of vigilant monitoring and rapid response systems
• The critical role of CISOs in championing security investments and the necessity of executive support to foster an organizational environment that prioritizes cybersecurity awareness