Acceptable Risk and Event - Continuity Professionals Pulse

Risk Management Process – Part 3c: Risk Control

Zerto

AUGUST 24, 2023

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.

Risk Management

Risk Management Management Acceptable Risk Mitigation

Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

AUGUST 24, 2023

Its horizon is unusually broad in that the risk management professional has to identify and assess risks across so many fronts. These range from workplace violence to the weather to cyberattacks to supply chain disruptions caused by far-flung geopolitical events. Reducing risk. Transferring risk. Accepting risk.

Risk Management

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RMIS supports the development and implementation of risk mitigation strategies to reduce the likelihood or impact of identified risks. This may involve implementing controls, transferring risks through insurance, or accepting risks within predefined tolerances. Incident Management.

BCM

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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.

Mitigation

Mitigation BCM Acceptable Risk Risk Management

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MHA Consulting

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. · Risk avoidance: Altering organizational behavior to eliminate a given risk. Risk limitation: Taking measures to reduce risk, short of completely eliminating it. Incorporates a combination of the strategies of risk avoidance and risk acceptance.

Insurance

Insurance Insurance Outsourcing Mitigation

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

MHA Consulting

FEBRUARY 23, 2023

Try a Dose of Risk Management As a business continuity professional, I tip my hat to any organization that makes a serious effort to reduce its risks. Unfortunately, many companies do not get their money’s worth when it comes to implementing risk mitigation controls.

Mitigation

Mitigation Authorization Risk Management Risk Reduction

5 Steps towards an Actionable Risk Appetite

LogisManager

JANUARY 12, 2023

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.

Acceptable Risk

Acceptable Risk Strategic Activation Mitigation

Business Continuity and Risk Management

BCP Builder

FEBRUARY 1, 2024

A modern 24/7 business cannot tolerate interruption and therefore looks for its resilience teams to prepare for the high risk scenarios which could occur. This allows them to proactively develop pragmatic strategies to mitigate the risk. If flooding is a real risk in your area, then make plans to mitigate against it.

Risk Management

Risk Management Business Continuity All-Hazards Management

How Generational Diversity and Racial Equity are Getting Companies Future-Ready

Business Resilience Decoded

FEBRUARY 3, 2022

Avoiding this important topic and all the critical conversations around it means accepting risk in our organizations, so in this episode, Raven Solomon is guiding us through generational diversity to support and recruit employees of all ages, as well as how racial equity is preparing businesses for the future.

Disaster Recovery

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Avoiding this important topic and all the critical conversations around it means accepting risk in our organizations, so in this episode, Raven Solomon is guiding us through generational diversity to support and recruit employees of all ages, as well as how racial equity is preparing businesses for the future.

Disaster Recovery

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Avoiding this important topic and all the critical conversations around it means accepting risk in our organizations, so in this episode, Raven Solomon is guiding us through generational diversity to support and recruit employees of all ages, as well as how racial equity is preparing businesses for the future.

Disaster Recovery

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

MHA Consulting

OCTOBER 19, 2022

For the past few years the news has been a drumbeat of threatening events—and the beat seems to be growing louder. In such times, the best thing an organization can do is get serious about risk management. I included MHA’s definitions of the strategies last time in my post on enterprise risk management.

Risk Management

Risk Management Management Mitigation Business Continuity

The Difference Between Strategic and Operational Risk

Reciprocity

AUGUST 17, 2022

Operational risks stem from inadequate or failed internal procedures, employee errors, cybersecurity events, or external events such as a weather disaster. A comprehensive operational risk management (ORM) plan is critical to identify these risks and implement practical steps to manage them. What Is Strategic Risk?

Strategic

Strategic Risk Management Mitigation Evaluation

Important KPIs for Successful Vendor Management

Reciprocity

AUGUST 24, 2022

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. Cybersecurity. Cybersecurity incidents.

Management

Management Risk Management Cybersecurity Strategic

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

OCTOBER 9, 2024

Detect: Define the appropriate activities to identify the occurrence of a cybersecurity event. Detect: Develop and implement activities to identify cybersecurity events. Categories and subcategories are: Anomalies and events (DE.AE): The organization knows when anomalous activity occurs on your systems. Incidents are contained.

Cybersecurity

Cybersecurity Audit Risk Management Vulnerability

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

OCTOBER 9, 2024

Detect: Define the appropriate activities to identify the occurrence of a cybersecurity event. Detect: Develop and implement activities to identify cybersecurity events. Categories and subcategories are: Anomalies and events (DE.AE): The organization knows when anomalous activity occurs on your systems. Incidents are contained.

Cybersecurity

Cybersecurity Audit Risk Management Vulnerability

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