| |OCTOBER 20226CIOReviewThe emergence of novel data security risks and the rising magnitude of sensitive business data are forcing Canadian organizations to adopt more risk-informed approaches. They are seamlessly implementing new-age risk management software and tools to assess and manage enterprise-wide risks and assign risk ownership to mitigate security risks in an evolving compliance landscape. In light of these swift industry developments, the global risk management solution market is forecasted to be worth $3.09 billion by 2028. The latest market analysis reports the market size will witness a growth momentum at a CAGR of 9.4 percent during the forecast period. The market growth is driven by the increasing adoption of operational risk management in fintech industries, along with the growth of risk intelligence gathered from AI, ML, and IoT platforms. This is accompanied by rising cyberattacks in various organizations, particularly small and medium enterprises, creating growth opportunities for market players.On that note, this edition of CIOReview highlights the key advancements in the Canadian risk management space and how Canadian organizations are augmenting their risk management capabilities to achieve operational resilience. The edition features thought leadership articles from Robert Pace, VP and CISO at Invitation Homes, who sheds light on the significance of enhancing security vendor relationships through cloud services. It also throws light on the invaluable insights from Laura Money, Executive Vice President and Chief Information Officer at Sun Life, who talks about implementing digital transformation strategies to optimize business growth.Along with these critical insights from industry experts, the edition features Qohash, an enterprise data security startup firm offering easy and quick-to-deploy data governance and risk management platform for enhanced data visibility, control, and adherence to regulatory compliance.We hope this edition will help you find the appropriate risk management solutions provider that will assist you with the industry-best software and solutions to become risk-informed and risk intelligent. Let us know your thoughts!EditorialAn Agile Approach to Risk Management Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewOctober 26, 2022, Vol 11, Issue - 80 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffAaron PierceAbner Lawrence Carolynn WaltersGina Clumsky Russell ThomasShirley FaithTiffany HayworthYenny TurnerVisualizersRonald DonovanIssac GeorgeJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com
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