What does Risk Management mean today

If I ask you the question what does Risk Management mean today, people are often confused as to whay is risk management diffferenet today than in the past.

Well, the answer to this is that risk is really very different today than in the past. If you thought frauds was a risk, in the past you would just take a few meaures, put a few policies in place and start monitoring. today, you will do much more, you will ensure that proper monitoring takes place, staff accountability is in place etc.

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