Risk management

Understanding and managing risk is critical in navigating you, your family and your business through a world of growing complexity. At KPMG Family Office, our tailored approach to risk management focuses on areas that impact you, including financial, business, ownership, familial and reputational risk. As part of our comprehensive risk management process, we can help you by identifying risks across your business and personal life, taking steps to mitigate them and addressing and reducing the effects of any incidents that might occur.

Our trusted advisors work closely with you and your family to help:

• Detect and respond to cyber risk
• Protect your privacy, identity and reputation
• Manage third-party risk
• Create a protected IT environment
• Monitor and comply with regulatory requirements

Cyber security is an important part of an effective risk management plan. KPMG Family Office manages cyber security health checks for identity protection and privacy to help you identify and address potential risks, comply with regulations, use safer platforms and achieve operational efficiency.

Cyber breaches can carry significant costs and consequences for successful individuals, their families and their businesses. To manage risk, KPMG Family Office provides immediate services to detect and respond to cyber breaches to help recover data, secure evidence, determine the cause, close existing vulnerabilities, and support through internal, legal and/or law enforcement inquiries.

Getting accurate corporate intelligence can help manage risks to you and your business. KPMG Family Office manages third-party risk by conducting forensic scans on your current and prospective business partners, organizations and employees to help reduce risk, avert corporate problems and aid in investigations.

Reputational risk is an important type of business risk to account for. KPMG Family Office helps you manage reputational risk in financial and non-financial data (including social media footprint) through identifying unusual transactions or events that may be indicative of fraud, misconduct or abuse.

Information technology (IT) plays an integral role in many people's lives and businesses, and so managing risk in information systems is critical. Our risk management advisors assist with the efficient set-up of your personal and/or business IT environment through end-to-end design based upon industry-wide best practices and emerging risks.

Families and family businesses face a wide range of laws and regulations they need to comply with. Our risk management professionals assist with continuous monitoring to maintain certain permits and licenses (e.g., machinery, real estate, vendor, hunting-firearms) to ensure ongoing compliance with regulations.