Editor’s note: This is the second in a weeklong series of ISACA Now blog posts sharing guidance on how to start 2025 strong across digital trust professions. Today, we focus on risk.
As we look ahead to 2025, risk professionals face a landscape characterized by macroeconomic, geopolitical and regional uncertainties. The evolving nature of risks requires a proactive and strategic approach to start the new year strong.
The global economy continues to face challenges driven by political instability, trade tensions and regional conflicts. These uncertainties demand that risk professionals stay informed and agile in their decision-making processes.
Below are five key strategies that risk professionals should prioritize for success in 2025.
1. Leverage Reliable Information Sources
The current political instability and the diverse forces at play are significantly affecting the decision-making process due to an information void and the prevalence of disinformation in this era. Obtaining high-quality security information is increasingly challenging, complicating risk assessments for personnel, facilities, and projects, as well as the development of effective mitigation strategies.
Risk professionals should invest in credible information sourcesand intelligence networks to obtain accurate and timely data. By enhancing their analytical capabilities and utilizing advanced analytics and scenario planning, they can better assess potential impacts and develop robust mitigation strategies. Additionally, fostering strategic partnerships with industry peers, government agencies and international organizations will help share insights and best practices. It is crucial to use verified and diverse sources, including government reports, industry publications and independent research, to mitigate the impact of disinformation.
2. Stay Ahead of Technological Trends
The rapid advancement of artificial intelligence (AI) and other emerging technologies presents both opportunities and risks. While these technologies can enhance risk management capabilities, they also introduce new vulnerabilities and exploitation avenues.
To address these challenges, risk professionals must continuously monitor developments in AI and other advanced technologies to understand their implications. Implementing robust cybersecurity measures is essential to protect against technology-based threats. Furthermore, investing in training and development will equip teams with the skills and knowledge needed to manage and mitigate technology-related risks. Specific examples of emerging technologies include machine learning and blockchain, which pose risks such as AI-driven cyberattacks and data breaches. Adopting a proactive cybersecurity framework and conducting regular technology audits are essential.
3. Manage People Risk
People risk remains a critical concern, encompassing issues such as employee safety, talent retention and organizational culture. The human element is integral to effective risk management, and addressing people risk requires a holistic approach.
Promoting a safety-first culture should be a top priority, with comprehensive health and safety programs in place. Enhancing employee engagement by fostering a positive work environment will support employee well-being and retention. Additionally, implementing effective training programs will ensure employees are equipped to handle emerging risks, thus strengthening the overall risk management framework. Mental health and well-being initiatives should also be part of this holistic approach. Leadership plays a crucial role in fostering a positive work environment and maintaining open communication channels.
4. Respond Swiftly to Threats
In an increasingly volatile digital environment, the ability to respond swiftly to threats is paramount. Risk professionals must develop agile and responsive strategies to mitigate risks effectively.
Organizations should streamline decision-making processes by establishing clear protocols for rapid response. Utilizing real-time monitoring tools will provide insights and alerts to potential threats, enabling swift action. Conducting regular drills and simulations will test response strategies, ensuring preparedness and identifying areas for improvement. Continuous improvement through regular drills and after-action reviews is essential.
5. Enhance Collaboration and Communication
One key to supporting all of the above is increasing collaboration and improving communication between companies, sectors, regions and countries. Risk professionals should engage in coordinated roundtable discussions to challenge risk assumptions and share mitigation strategies. Promoting regional and international cooperation will build networks with counterparts in other regions and countries, enhancing information-sharing.
Specific forums or platforms for such collaboration include industry conferences and cross-sector working groups. Adopting standardized communication protocols will ensure clarity and consistency in information-sharing.
Time to Devise a Gameplan
As we begin 2025, risk professionals must be prepared to navigate a complex and dynamic risk landscape. By leveraging reliable information, embracing advanced technologies, managing people risk, responding swiftly to threats, and enhancing collaboration, organizations can start the new year strong and position themselves for success. Encourage risk professionals to continuously update their knowledge and skills through professional development opportunities and certifications.
What is your gameplan for 2025? Share your strategies and join the conversation as we work together to build a resilient and secure future.
