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Integrated Risk Management Definition: Integrated Risk Management (IRM) is a strategic approach to identifying, assessing, and mitigating risks across an organization by integrating risk management processes and data to provide a holistic view of risks.
Integrated Risk Management (IRM) is a strategic approach to managing organizational risks by combining risk identification, assessment, response, and monitoring activities into a unified framework. IRM integrates various risk management functions, such as cybersecurity risk management, compliance, operational risk, and financial risk, to provide a holistic view of an organization's risk landscape. By leveraging technology and automation, IRM enables organizations to streamline risk management processes, enhance decision-making, and align risk management activities with business objectives for more effective risk mitigation and resilience.