risikoübergreifende

risikoübergreifend is a German term that translates to "cross-risk" or "trans-risk." It refers to a concept or approach where risks are considered and managed not in isolation within specific departments or business units, but across different areas or functions of an organization. This holistic perspective acknowledges that a risk in one part of a company can have ripple effects and impact other areas, potentially in unforeseen ways.

The core idea behind risikoübergreifend is to break down traditional silos in risk management. Instead of a credit risk manager focusing solely on financial exposures and an IT security officer concentrating on cyber threats, a risikoübergreifend approach would encourage collaboration and understanding of how these different risks might interact. For instance, a cybersecurity breach (IT risk) could lead to financial losses (credit risk) and reputational damage (operational risk).

Implementing a risikoübergreifend strategy typically involves establishing integrated risk management frameworks, fostering communication channels between different risk disciplines, and using common methodologies and tools for risk assessment and reporting. This can lead to more effective risk mitigation, better resource allocation, and a more resilient organization overall. It emphasizes the interconnectedness of various threats and vulnerabilities that an entity faces, promoting a more comprehensive and proactive approach to safeguarding its objectives.