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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

For those with a suitable temperament and skill set, a career in risk management can be rewarding due to the field’s broad scope, consequential nature, and rising prominence. In this week’s post, we’ll look at what a risk manager does and the skills it takes to excel in this role. It’s a permanent ongoing activity.

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At Risk of Distraction: The Seductive Appeal of RMIS Software

MHA Consulting

An emerging hot topic in business continuity and risk management is the software known as a risk management information system (RMIS). An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them.

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The Ultimate Guide to Residual Risk  

MHA Consulting

Risk limitation. A strategy in which measures are taken to reduce risk, short of completely eliminating it. Incorporates a combination of the strategies of risk avoidance and risk acceptance. Risk transfer. Most organizations use some combination of all of these strategies to manage their risks.

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The Difference Between Strategic and Operational Risk

Reciprocity

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).

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Important KPIs for Successful Vendor Management

Reciprocity

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? What Are the Most Common Vendor Risks? Cybersecurity.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. AT – Awareness and Training: Educating users and administrators about security risks and controls. SR – Supply Chain Risk Management : Managing risks from the supply chain to reduce vulnerabilities.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. AT – Awareness and Training: Educating users and administrators about security risks and controls. SR – Supply Chain Risk Management : Managing risks from the supply chain to reduce vulnerabilities.