Why is Risk Management Important?
Risk management is more than just a compliance requirement. It’s a business imperative. A well-managed risk process helps you:
● Make informed decisions and prioritise resources
● Protect sensitive information, assets, and people
● Stay ahead of potential compliance failures
● Respond confidently to audits and regulators
● Strengthen stakeholder and customer trust
Regulatory frameworks like ISO 27001 (Clause 6.1.2) specifically require you to identify information security risks, evaluate their consequences, and determine appropriate controls.
Simply put: if you don’t know your risks, you can’t secure your business.