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Risk Management Still Old-School

Automated risk management used by only a minority of companies, surveys show.

By Dave Lindorff | Updated on July 11, 2012

More than a decade since enterprise risk management became an accepted part of modern corporate management, most companies are still doing ERM the old-fashioned way: manually. That’s the finding of two recent surveys, one conducted by Deloitte & Touche and the other by KPMG.

The Deloitte survey of 192 companies finds that despite the availability of automated risk management tools, only 25% of respondents say they continuously monitor risk. More than two-thirds say they only periodically monitor risk across their organizations.

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