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Definition & Explanation

Risk registers

A risk register is a centralised record used by organisations to document, track, and manage identified risks. It is a key component of enterprise risk management and governance frameworks, providing a structured overview of potential threats that could affect business operations. A typical risk register includes information such as risk descriptions, likelihood and impact ratings, mitigation strategies, assigned owners, and review schedules. Risk registers help organisations maintain visibility of risk exposure and ensure that mitigation activities are actively managed. In cybersecurity and compliance programs, risk registers often link risks to controls, regulatory requirements, and remediation tasks. Many modern organisations use digital risk management platforms to automate and maintain risk registers, enabling real-time reporting and improved oversight. By maintaining an accurate risk register, organisations can prioritise risk treatment efforts, improve governance transparency, and support regulatory compliance.

MyRISK supports risk registers, but with the aim of making them more connected and useful than traditional standalone lists. Risks can be linked to controls, evidence, issues, treatments, owners, and reporting views so that the register becomes part of a live operating model. This improves both management value and assurance quality.

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