Risk Control Self-Assessment

Risk Control Self-Assessment (RCSA) is a process where organizations evaluate their own risks and the effectiveness of their controls to manage those risks. It involves identifying potential problems, assessing the likelihood and impact of these issues, and reviewing the measures in place to mitigate them. By conducting RCSA, businesses can proactively identify weaknesses and improve their risk management strategies, ensuring they operate smoothly and comply with regulations. Essentially, it empowers organizations to take ownership of their risks and make informed decisions to enhance their overall resilience.