Remove Activation Remove Mitigation Remove Response Plan
article thumbnail

Risk-Based Approach to Supply Chain Risk Management

LogisManager

This structured process integrates five key steps: Governance, Assessment, Mitigation, Monitoring, and Event Response. Roles and Responsibilities To ensure proper oversight and reduce human errors, the principle of Separation of Duties (SoD) should be applied within the supply chain risk management framework.

article thumbnail

What Is a Risk Register, and How to Create One

LogisManager

You can think of it as an organized list that highlights potential risks, helps you assess their priority and outlines relevant strategies for mitigation. Response: After identifying and assessing the risk, its essential to create a risk response plan with mitigation strategies that your team can follow should it occur.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What Is Cyber Extortion? Tips for Securing Your Data

Pure Storage

Continuously monitor system logs to detect unusual activity, such as failed login attempts or unauthorized data transfers. Emphasize best practices, such as creating strong passwords, avoiding public Wi-Fi for sensitive tasks, and reporting suspicious activity promptly. Heres a step-by-step guide to respond to such an attack: 1.

article thumbnail

Download: Separation of Duties (SoD) Checklist

LogisManager

This practical guide will help you establish clear roles, monitor access, and implement controls to mitigate potential vulnerabilities. Separation of Duties (SoD) serves as a fundamental internal control mechanism designed to mitigate risk. Why Adopt Separation of Duties?

Audit 52
article thumbnail

Change Healthcare’s 2024 Data Breach: Key Risk Management Lessons

LogisManager

The root cause of the contagion was traced to inadequate oversight of third-party integrations, a vulnerability that could have been mitigated with stronger governance and continuous monitoring. Lack of Continuous Monitoring and Incident Response : The failure to detect the breach early on allowed the issue to spread unchecked.

article thumbnail

Mastering Business Continuity Exercises: Best Practices, Scenarios, and Tools for 2025

BCP Builder

A business continuity exercise is a simulation or activity designed to test an organisations response to potential disruptions. Mitigating Risks: Exercises help businesses identify and address vulnerabilities before real-world disruptions occur. What Is a Business Continuity Exercise?

article thumbnail

Conducting effective tabletop exercises for emergency preparedness

everbridge

Tabletop exercises provide organizations with a controlled environment to identify gaps in their strategies, clarify roles and responsibilities, and refine communication protocols. Tabletop exercises are structured, scenario-driven discussions designed to test and evaluate the effectiveness of an organizations emergency response plans.