Remove Acceptable Risk Remove Continual Improvement Remove Strategic
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.

article thumbnail

Important KPIs for Successful Vendor Management

Reciprocity

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. The six risks listed below are a good place to start. Begin by determining your organization’s tolerance for cybersecurity risk. Key Performance Indicators (KPIs) vs. Key Risk Indicators (KRIs).

Insiders

Sign Up for our Newsletter

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

article thumbnail

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

They enable organizations to establish a roadmap for reducing cybersecurity risk consistent with their mission, needs, and objectives. You continually improve the detection processes. You mitigate newly identified vulnerabilities or document them as accepted risks. Detection activities comply with requirements.

article thumbnail

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

They enable organizations to establish a roadmap for reducing cybersecurity risk consistent with their mission, needs, and objectives. You continually improve the detection processes. You mitigate newly identified vulnerabilities or document them as accepted risks. Detection activities comply with requirements.