The Significance of Key Risk Indicators in Organisations

By Vivek Soni, CCSP Key Risk Indicators (KRIs) are critical predictors/indicators of undesirable events that can adversely impact the organisation. These are the kind of metrics which are forward looking and contribute to the early warning sign that facilitates enterprise to report risks, prevent calamity and remediate them promptly. Risks to an organisation may vary based on their business environment and the respective business unit. For example, an IT service management team might worry about changes going into production without approvals, an Information Security Team might focus on preventing data compromise, a bank might be concerned with fraudulent bank accounts…