Elizabeth Babalola

Dec 11, 2024 | verdantix.com | Elizabeth Babalola

In the corporate world, it can be calm and under control one minute, and a crisis the next. One example is the Revolut fraud incident, where cyber criminals exploited hidden vulnerabilities in the digital banking platform’s payment systems, orchestrating a sophisticated scheme that resulted in over $20 million in fraudulent transactions. Knowing that a firm’s operations cannot be completely protected from crisis, forward-thinking organizations are leveraging AI to improve crisis management.

Oct 21, 2024 | verdantix.com | Elizabeth Babalola

On October 2, 2024, Mitratech – a US-based provider of legal, risk management, compliance and HR solutions – announced its acquisitions of Preparis, a continuity planning platform specializing in incident management and emergency response, and Prevalent, a provider of third-party risk management (TPRM) solutions.

Oct 15, 2024 | verdantix.com | Elizabeth Babalola

The inaugural 2024 Verdantix Green Quadrant: Operational Resilience Software report provides a deep, quantitative and qualitative analysis of 10 leading vendors offering operational resilience (OpRes) capabilities in the risk management software market. These span OpRes and critical event management (CEM) specialists, governance, risk and compliance (GRC) and enterprise risk management (ERM), and IT heritages.

Sep 20, 2024 | verdantix.com | Elizabeth Babalola

Thoma Bravo's acquisition of Riskonnect in 2017 marked a pivotal moment for the risk management solution provider's growth and strategic positioning. The investment firm’s backing has enabled Riskonnect to capitalize on the growing convergence of traditional risk management; governance, risk and compliance (GRC); and environmental, health and safety (EHS) solutions in the market.

Jul 24, 2024 | verdantix.com | Elizabeth Babalola

July 19th, 2024 abruptly reminded the world of its dependence on digital connectivity and the related risks businesses face across the globe. Potentially the most significant IT outage in history was triggered by a faulty software update from CrowdStrike leading to substantial economic damages and ripple effects impacting banks, retailers, airlines, healthcare systems and many other businesses that use the Microsoft Windows operating systems.