The CFO's role is increasingly complex, emphasizing governance, risk, and compliance (GRC) management to protect stakeholders. CFOs face pitfalls like focusing too narrowly on financial risks or lacking expertise in risk management. Effective GRC programs can mitigate risks and optimize resources. CFOs must balance cybersecurity efforts, understanding the company's risk appetite and tolerance, and ensure compliance with evolving data privacy laws globally. They also manage third-party risks through diligent selection, continuous monitoring, and strategic termination of partnerships. Tools like Scrut Risk Management support CFOs by providing analytics-driven risk assessments, real-time monitoring, and regulatory insights, enabling informed decision-making and organizational protection.

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