Remove Acceptable Risk Remove Application Remove Strategic
article thumbnail

Risk Management Process – Part 3c: Risk Control

Zerto

The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks. There are four fundamental types of risk control: risk acceptance, risk mitigation, risk avoidance, and risk transfer.

article thumbnail

5 Steps towards an Actionable Risk Appetite

LogisManager

Risk tolerances, on the other hand, set acceptable levels of variation in performance that can be readily measured. For example, a company that says it doesn’t accept risks that could result in a significant loss of its revenue base is expressing a risk appetite. Risk Appetite. Risk Tolerance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Managing Enterprise Risk: Understanding the 8 Risk Domains

MHA Consulting

In enterprise risk management (ERM), risk is commonly divided into eight distinct risk domains, some strategic and some operational. Following the risk assessment. Identified risks should not just be ignored with the hope the impact will not occur. For more on these strategies, click here.)

article thumbnail

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.

article thumbnail

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.

article thumbnail

Third-Party Due Diligence Best Practices

Reciprocity

For example, your human resource department possibly links to healthcare insurance providers using a web-based application. While some business partners are easy to define, the risks to your data environment come from being interconnected within an overarching ecosystem. The difficulties arise when you start drilling down further.