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How to Offload Your Risk to a Third Party

MHA Consulting

Risk transference is one of the four main strategies organizations can use to mitigate risk. Related on MHA Consulting: Global Turmoil Making You Ill? 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. .

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Managing Enterprise Risk: Understanding the 8 Risk Domains

MHA Consulting

In today’s post, we’ll look at what these domains are, reveal which tend to get overlooked, and explain how knowing about the domains can help business continuity (BC) professionals reduce their organizations’ risks, bolster their resilience, and protect their stakeholders. Following the risk assessment.

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Third-Party Due Diligence Best Practices

Reciprocity

Suppliers, vendors, contractors, consultants, and others are among them. The number and complexity of third-party collaborations for modern enterprises is a critical problem in controlling third-party risk. For example, your human resource department possibly links to healthcare insurance providers using a web-based application.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

‘Special Publications’ take a deeper dive into specific areas Beyond the core framework, NIST has published over 200 special documents addressing various facets of cybersecurity risk management, ranging from identity access control and protective technology management to incident response and artificial intelligence applications.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

‘Special Publications’ take a deeper dive into specific areas Beyond the core framework, NIST has published over 200 special documents addressing various facets of cybersecurity risk management, ranging from identity access control and protective technology management to incident response and artificial intelligence applications.