Connect risk data to spot threats and respond sooner
Energy companies recognize that risks are rising, but they are also managing disconnected data across legacy functions that must maintain their continuous operations. Grant Thornton's Cyber & Risk Survey Report for the industry shows where leaders can still strengthen resilience by connecting risk data, improving visibility and coordinating responses across critical functions.
say that risk function disconnects can cause missed emerging risks in energy, 11 points higher than across all industries
cite outdated processes as a top obstacle to improving risk, compliance and controls effectiveness
What’s in the report?
- See the barriers: Legacy workflows can linger for many reasons, and it’s important to see the real barriers to change. In our survey, leaders listed their top obstacles to improving risk, compliance and controls effectiveness.
- Build resilience: When risk functions are disconnected, they can fail to spot the threats to business resilience. Industry leaders told us the biggest resilience risks due to insufficient risk function integration.
- Get ready: Many organizations are not prepared to manage and limit the impact of a fraud or compliance event. Respondents shared the main factors limiting their responses to misconduct, fraud or compliance events.
Get the report