There are cases where a technology company built a risk assessment process that worked well for a few years. But then a single event came along that made their risk assessment process less valuable. It may have been an M&A, a shift in business or growth in unforeseen areas. Unfortunately, it is sometimes too late once they discover that the risk assessment process that was being used was outdated.
The dynamics that affect the risks that technology firms take are always evolving. If your organization has experienced changes, it’s not too late to adjust your risk assessment process to be dynamic.
For more information about risk assessment for technology firms, please contact a TechAssure member.