MHA Consulting

FEBRUARY 9, 2023

Risk transference is one of the four main strategies organizations can use to mitigate risk. There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Related on MHA Consulting: Global Turmoil Making You Ill?

Insurance 98

Insurance Insurance Outsourcing Mitigation 98

LogisManager

JUNE 1, 2024

Relying on a siloed approach, in which your teams and departments fail to share valuable information and resources with each other, can deter your ability to meet long-term business goals. To effectively mitigate financial and reputational risks, it’s imperative to synchronize your key processes and establish company-wide collaboration.

Corporate Governance 52

Corporate Governance Risk Management Government Management 52

everbridge

APRIL 8, 2024

Under SB 553, California employers must conduct risk assessments to identify potential hazards and implement measures to mitigate them. Everbridge can help organizations document these activities, making it easier to demonstrate compliance with SB 553’s record-keeping requirements.

Emergency Response 98

Emergency Response Emergency Response All-Hazards Mitigation 98

LogisManager

JANUARY 29, 2024

Thinking Forward: Compliance Management for 2024 & Beyond Last Updated: January 30, 2024 Traditional approaches to compliance management are no longer sufficient and can expose your business to expensive penalties for failure to meet compliance standards. The new way will help to reduce fraud, waste, and negligence.

Management 105

Management Activation Vulnerability Mitigation 105

Security Industry Association

OCTOBER 17, 2024

At ISC East, you’ll discover expert insights on commonly seen gaps in security programs, mitigating domestic violent extremism and more. Panelists will include system designers, integrators, former utility employees and consultants who actively design and operate defenses in this space. “I’m 19, 11:00-11:45 a.m.

Manufacturing 64

Manufacturing Cybersecurity Mitigation Consulting 64

Reciprocity

OCTOBER 7, 2024

Together, these elements provide reasonable assurance that controls enable the organization to meet its objectives. Control Activities Control activities are the various procedures, approvals, verifications, reviews, and authorizations implemented to carry out proper risk responses.

Audit 52

Audit Corporate Governance Evaluation Activation 52

Reciprocity

OCTOBER 7, 2024

Together, these elements provide reasonable assurance that controls enable the organization to meet its objectives. Control Activities Control activities are the various procedures, approvals, verifications, reviews, and authorizations implemented to carry out proper risk responses.

Audit 52

Audit Corporate Governance Evaluation Activation 52

National Fire Protection Association

JUNE 20, 2023

He drew attention to tragic incidents and pointed to NFPA's role in mitigating these risks through the development of standards, training professionals, and conducting research. The CEO also spotlighted the persistent threats of home fires and wildfires.

Mitigation 105

Mitigation Activation Government Technology 105

MHA Consulting

FEBRUARY 29, 2024

In essence, risk management is about being mature, practical, and proactive in actively managing down risk to make the organization more prepared to limit impacts and ensure operational resiliency. Recovery-plan workarounds must meet legal and regulatory requirements. Following the risk assessment. Hope is not a strategy.

Management 52

Management Risk Management Mitigation Strategic 52

LogisManager

AUGUST 1, 2023

Protection of Member Data Align with industry standards and best practices Proactive Risk Management Maintain Strong Reputation and Trust Continuous Improvement We highly encourage your credit union's active participation in the ISE 2023, as it can bolster your security defense and enhance overall resilience against cyber threats.

Risk Management 96

Risk Management Banking Mitigation Activation 96

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. In our last post, we examined the risk analysis step of risk assessment.

Risk Management 98

Risk Management Management Acceptable Risk Mitigation 98

MHA Consulting

OCTOBER 5, 2023

They soon find the field contains an abundance of specialist terms such as inherent risk , mitigation controls , and recovery time objective. The activity of crisis management is also included under the umbrella though that tends to be treated separately.) The larger point is, this is the zone where BC and IT/DR meet.

Disaster Recovery 111

Disaster Recovery BCM Business Continuity Manufacturing 111

LogisManager

OCTOBER 19, 2023

Download Now Adopt the Three Lines of Defense In addition to the tactical changes that banks will need to make regarding the frequency of compliance activities, the adoption of the 3 Lines of Defense of Risk Management may also serve as an adjustment that is needed.

Banking 98

Banking Corporate Governance Audit Risk Management 98

PagerDuty

JULY 31, 2024

When incidents occur, mobilizing and coordinating responders is crucial to restoring service, protecting the customer experience, and mitigating business risks. During an active incident, time is money and we want to decrease the impact. Or they can be somewhere in between. Your incident response should be similar.

Outage 65

Outage Marketing Activation Mitigation 65

Fusion Risk Management

AUGUST 27, 2024

By implementing th ese program s , organizations can enhance their agility, innovate more effectively, and better meet the demands of the market, ensuring long-term success and resilience. Impact Assessment s : Evaluate the potential impact of disruptions and develop strategies to mitigate risks.

Resilience 52

Resilience Mitigation Evaluation Marketing 52

LogisManager

OCTOBER 31, 2023

This includes business units, departments, and individuals directly responsible for managing and executing processes and activities that generate risk. They are the ones who “own” the risk and are responsible for taking actions to mitigate it. This includes risk management, compliance, and internal control departments.

Risk Management 105

Risk Management Audit Management Banking 105

Pure Storage

SEPTEMBER 24, 2024

Leave Legacy behind with the Pure Storage Platform by Pure Storage Blog Summary To meet the challenges of tomorrow, organizations need a platform designed for the future. While the allure of nostalgia is strong, to truly meet the challenges of tomorrow requires challenging legacy thinking and embracing a platform designed for the future.

Architecture 122

Architecture Fashion Application Technology 122

Disaster Recovery Journal

OCTOBER 23, 2020

s director of network operations in a meeting with the Department of Homeland Security. I was in a meeting with our executives. I was explaining the installation of window breakers and door locks to improve their safety in the event of an active shooter. Likewise, none of us can mitigate everything. It was a â??black

Risk Management 214

Risk Management Disaster Recovery Emergency Response Emergency Response 214

Pure Storage

JULY 9, 2024

DXC Technology, one of the world’s largest systems integrators, is widely regarded for its expertise in IT services and helping its customers meet such challenges head-on. Additionally, the customer needed a robust disaster recovery (DR) solution to prevent disruptions and meet regulatory requirements for data availability.

Technology 69

Technology Banking Disaster Recovery Failover 69

LogisManager

FEBRUARY 1, 2024

Prioritize Risk with Precision If you look at a series of failed test activities in silos you will never know where to start and why. A failed control that was close to its desired outcome and expected performance should not be prioritized over a failed activity that had a much larger deviation from its required goal.

Risk Management 105

Risk Management Management Strategic Activation 105

Security Industry Association

OCTOBER 19, 2023

That framework consists of six major steps: Conduct a drone vulnerability and risk assessment (DVRA): The DVRA framework is a process that identifies the threat, accounts for critical assets, determines vulnerabilities to those assets and then offers responsible and proportionate risk mitigation recommendations.

Security 105

Security Mitigation Vulnerability Emergency Response 105

LogisManager

FEBRUARY 29, 2024

There is a line of thought that corporate workers, remote or onsite, are prone to laziness, shortcuts, and misrepresentation of their activities, all for the pursuit of their inherently selfish needs. As many as 15% of remote workers admit to doing household chores during company Zoom meetings.

Corporate Governance 64

Corporate Governance Risk Management Activation Cybersecurity 64

Reciprocity

OCTOBER 9, 2024

Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. SA – System and Services Acquisition: Acquiring systems and services that meet security requirements.

Cybersecurity 52

Cybersecurity Audit Risk Management Vulnerability 52

Reciprocity

OCTOBER 9, 2024

Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. SA – System and Services Acquisition: Acquiring systems and services that meet security requirements.

Cybersecurity 52

Cybersecurity Audit Risk Management Vulnerability 52

Pure Storage

OCTOBER 4, 2023

These requirements can be summarized into the following key areas: Risk management and mitigation: Telcos must identify and assess risks to their networks and services. Once they identify risks, telcos are expected to implement measures to mitigate these risks effectively.

Telecommunications 52

Telecommunications Authorization Cybersecurity Government 52

everbridge

APRIL 20, 2023

By doing so, they can build resilience, ensure business continuity, and meet stakeholder expectations, which can have positive impacts on their financial performance and reputation. According to the Verdantix study, “73% of respondents have a dedicated team or individuals to manage climate-change-related activities.”

Hazard 52

Hazard All-Hazards Risk Management Strategic 52

NexusTek

JANUARY 17, 2024

The National Institute of Standards and Technology (NIST) suggests that supply chain risk management involves “identifying susceptibilities, vulnerabilities, and threats throughout the supply chain and developing mitigation strategies to combat those threats” 3.

Malware 105

Malware Management Risk Management Cybersecurity 105

Reciprocity

OCTOBER 8, 2024

SOC reports also come in into two types: A Type I audit assesses whether the vendor’s security controls are designed to meet the relevant trust principles. ZenGRC is a compliance software that may help simplify and streamline your compliance processes by automating various time-consuming, manual activities.

Audit 52

Audit B2B Cybersecurity Capacity 52

Reciprocity

OCTOBER 8, 2024

SOC reports also come in into two types: A Type I audit assesses whether the vendor’s security controls are designed to meet the relevant trust principles. ZenGRC is a compliance software that may help simplify and streamline your compliance processes by automating various time-consuming, manual activities.

Audit 52

Audit B2B Cybersecurity Capacity 52

Reciprocity

DECEMBER 20, 2022

Internal auditing gives insight into an organization’s culture, policies, and processes while assisting board and management supervision by checking internal controls such as operational effectiveness, risk mitigation mechanisms, and compliance with relevant laws or regulations. How Do Internal and External Audits Differ?

Audit 98

Audit Management Evaluation Activation 98

LogisManager

FEBRUARY 29, 2024

There is a line of thought that corporate workers, remote or onsite, are prone to laziness, shortcuts, and misrepresentation of their activities, all for the pursuit of their inherently selfish needs. As many as 15% of remote workers admit to doing household chores during company Zoom meetings.

Corporate Governance 52

Corporate Governance Risk Management Activation Cybersecurity 52

Reciprocity

OCTOBER 8, 2024

Automated risk management uses automation technology, such as software systems and algorithms, to get real-time visibility into your business processes and to gain valuable insights into potential or new risks — and eventually to mitigate those risks to avoid undesirable outcomes. Workflow automation. Integration with other systems.

Risk Management 52

Risk Management Cybersecurity Management Alert 52

Reciprocity

OCTOBER 8, 2024

Automated risk management uses automation technology, such as software systems and algorithms, to get real-time visibility into your business processes and to gain valuable insights into potential or new risks — and eventually to mitigate those risks to avoid undesirable outcomes. Workflow automation. Integration with other systems.

Risk Management 52

Risk Management Cybersecurity Management Alert 52

LogisManager

DECEMBER 12, 2023

Chief Risk Officers, Risk Committees, and Board Members need to be able to visualize the results of metric collection activities over time. For any mature risk management program, this insight will be key to determining if you're on track to meet business goals and staying within your risk tolerance level.

Strategic 59

Strategic Corporate Governance Risk Management Mitigation 59

LogisManager

AUGUST 1, 2023

Protection of Member Data Align with industry standards and best practices Proactive Risk Management Maintain Strong Reputation and Trust Continuous Improvement We highly encourage your credit union's active participation in the ISE 2023, as it can bolster your security defense and enhance overall resilience against cyber threats.

Risk Management 52

Risk Management Banking Mitigation Activation 52

MHA Consulting

SEPTEMBER 7, 2023

Therefore the organization must choose which of the available BC standards it aspires to meet. Devise a prioritized list of steps needed to mitigate your risks and close any gaps. The best ones are working instruments that actively guide the company’s efforts and investments over time. Select a business continuity standard.

BCM 105

BCM Resilience Vulnerability Business Continuity 105

Zerto

AUGUST 18, 2022

.” The BCP is a master document that details your organization’s entire prevention, mitigation, response, and recovery protocols for all kinds of threats and disasters. Instructions about how to use the plan end-to-end, from activation to de-activation phases. The purpose and scope of the BCP.

BCP 97

BCP Disaster Recovery Impact Analysis Continuity Planning 97