Acceptable Risk, Activation and Mitigation - Continuity Professionals Pulse

Who’s the Boss? Successful Risk Mitigation Requires Centralized Leadership

MHA Consulting

FEBRUARY 23, 2023

Many companies spend millions of dollars implementing risk mitigation controls but are kept from getting their money’s worth by a disconnected, piecemeal approach. Successful risk mitigation requires that a central authority supervise controls following a coherent strategy.

Mitigation

Mitigation Authorization Risk Management Risk Reduction

Risk Management Process – Part 3c: Risk Control

Zerto

AUGUST 24, 2023

In our last post, we examined the risk analysis step of risk assessment. The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks.

Risk Management

Risk Management Management Acceptable Risk Mitigation

Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

AUGUST 24, 2023

It’s not about eliminating risk completely but managing it in a rational, informed way. Because the organization and environment inevitably change over time, managing risk is a task that’s never done. It’s a permanent ongoing activity. The operational areas that risk management is concerned are broad and varied.

Risk Management

Risk Management BCM Management All-Hazards

The Ultimate Guide to Residual Risk

MHA Consulting

MARCH 2, 2023

Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation. This leftover risk is the residual risk. Risk transfer.

Mitigation

Mitigation BCM Acceptable Risk Risk Management

How to Offload Your Risk to a Third Party

MHA Consulting

FEBRUARY 9, 2023

Risk transference is one of the four main strategies organizations can use to mitigate risk. Try a Dose of Risk Management Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold. 2) Is the vendor resilient?

Insurance

Insurance Insurance Outsourcing Mitigation

These 8 Risk Domains Are the Meat and Potatoes of Risk Management

MHA Consulting

AUGUST 3, 2023

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains.

Risk Management

Risk Management Management Strategic Mitigation

Managing Enterprise Risk: Understanding the 8 Risk Domains

MHA Consulting

FEBRUARY 29, 2024

Before we discuss the eight risk domains, there are three general points about risk management that are worth keeping in mind: 1. In essence, risk management is about being mature, practical, and proactive in actively managing down risk to make the organization more prepared to limit impacts and ensure operational resiliency.

Management

Management Risk Management Mitigation Strategic

5 Steps towards an Actionable Risk Appetite

LogisManager

JANUARY 12, 2023

Risk appetites and tolerances are the perfect way to make data-driven, performance-enhancing decisions while developing a system to understand when and where your business is taking on too much risk, or not taking on enough. Risk Appetite. Risk Tolerance. Risk Appetite.

Acceptable Risk

Acceptable Risk Strategic Activation Mitigation

Global Turmoil Making You Ill? Try a Dose of Risk Management

MHA Consulting

OCTOBER 19, 2022

I included MHA’s definitions of the strategies last time in my post on enterprise risk management. In case you missed it, here they are again: Risk acceptance is a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. It’s engaging in active, mindful risk mitigation.

Risk Management

Risk Management Management Mitigation Business Continuity

Business Continuity and Risk Management

BCP Builder

FEBRUARY 1, 2024

However, some Business Continuity Plans may contain lower level risks that are important to the department but not significant to the organization as a whole Risk Management is focused on the mitigation of issues and Business Continuity is more concerned about a worst case scenario action plan.

Risk Management

Risk Management Business Continuity All-Hazards Management

The Difference Between Strategic and Operational Risk

Reciprocity

AUGUST 17, 2022

New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or financial position – and above all, leave the organization unable to achieve its business objectives. Enterprise Risk Management (ERM).

Strategic

Strategic Risk Management Mitigation Evaluation

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

OCTOBER 9, 2024

Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. Detect: Define the appropriate activities to identify the occurrence of a cybersecurity event.

Cybersecurity

Cybersecurity Audit Risk Management Vulnerability

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

OCTOBER 9, 2024

Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. Detect: Define the appropriate activities to identify the occurrence of a cybersecurity event.

Cybersecurity

Cybersecurity Audit Risk Management Vulnerability

SOC 2 vs ISO 27001: Key Differences Between the Standards

Reciprocity

SEPTEMBER 23, 2022

These control sets offer management the option to avoid, transfer, or accept risks, rather than mitigate those risks through controls. Assessing both external and internal risks requires a holistic focus on information security. This requires you to monitor your vendors’ activities continuously.

Audit

Audit Accreditation Acceptable Risk Security

Continuity Professionals Pulse

Who’s the Boss? Successful Risk Mitigation Requires Centralized Leadership

Risk Management Process – Part 3c: Risk Control

Trending Sources

Risk Management as a Career: A Guide for BCM Professionals

The Ultimate Guide to Residual Risk

How to Offload Your Risk to a Third Party

These 8 Risk Domains Are the Meat and Potatoes of Risk Management

Managing Enterprise Risk: Understanding the 8 Risk Domains

5 Steps towards an Actionable Risk Appetite

Global Turmoil Making You Ill? Try a Dose of Risk Management

Business Continuity and Risk Management

The Difference Between Strategic and Operational Risk

Guide: Complete Guide to the NIST Cybersecurity Framework

Guide: Complete Guide to the NIST Cybersecurity Framework

SOC 2 vs ISO 27001: Key Differences Between the Standards

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