Risk-ready or rule-bound? How APAC is grappling with an evolving threat landscape

Businesses in APAC face a barrage of threats, from a growing regulatory burden to heightened geopolitical tensions. The good news: the perceived risk to business may be easing. Just 41% said risk velocity was increasing, compared to 54% last year. The less good news: 84% think the risk landscape is more defined by crisis than at any time in recent memory – the same proportion as last year. 

Some organisations are risk-averse around not complying, so that’s why they invest resources. If you actually unpack the cost of them not managing compliance, that cost could ultimately be much higher. In the end, compliance for compliance’s sake is not always commercially viable. It may constrain resource allocation for sound business outcomes. So it’s a balance between managing regulatory risk and enabling organisations to achieve strategic objectives within acceptable risk parameters.