MHA Consulting

AUGUST 3, 2023

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains.

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LogisManager

OCTOBER 17, 2024

Change Healthcare’s 2024 Data Breach: Key Risk Management Lessons Last Updated: October 17, 2024 In 2024, Change Healthcare faced a significant data breach that rippled across the healthcare industry, highlighting how risks are interconnected and can spread beyond their point of origin.

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MHA Consulting

MARCH 14, 2024

Risk can never be eliminated but it can be mitigated. In today’s post, we’ll take a look at how organizations can get started using Enterprise Risk Management (ERM) to reduce their exposure and improve their resilience. Risk can never be completely removed, but it can be mitigated.

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LogisManager

DECEMBER 19, 2023

Strategic Risk Management Last Updated: December 19, 2023 Strategic Risk Management (SRM) is integral to navigating the complexities of today’s business landscape and securing long-term objectives. What Is Strategic Risk Management? What Is Enterprise Risk Management (ERM)?

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BCP Builder

FEBRUARY 1, 2024

What is the relationship between Business Continuity and Risk Management? The relationship between Business Continuity and Risk Management depends on the organization. In most cases, Business Continuity is a sub-domain of Risk Management. It is a collection of good management practices linked together.

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LogisManager

FEBRUARY 1, 2024

Boost Your Risk Management Strategy with Enhanced Metric Collection, Collaboration, and Accountability Published: February 1, 2024 LogicManager’s latest product release is designed to empower testing programs with improved metric collection and control validation, ensuring accuracy and reliability.

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Zerto

APRIL 6, 2023

Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. Risk management attempts to control future threats by planning preemptively and deploying effective risk-control measures.

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LogisManager

JUNE 1, 2024

The Role Corporate Governance Plays in Risk Management Last Updated: June 4, 2024 As an auditor, compliance officer or risk manager, you’re used to balancing the delicate processes that impact your company’s performance.

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LogisManager

OCTOBER 31, 2023

What is the Three Lines of Defense Approach to Risk Management? While this news is relevant to banks, any organization that values proactive risk identification, effective risk management, and regulatory compliance would benefit from implementing the Three Lines Model to safeguard their operations and reputation.

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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.

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Reciprocity

OCTOBER 8, 2024

Risk management is arguably the most effective way to navigate uncertain circumstances. That said, not everyone can handle the time and resource commitments associated with traditional risk management processes. If this is you, building an automated risk management program may be the wiser course.

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Reciprocity

OCTOBER 8, 2024

Risk management is arguably the most effective way to navigate uncertain circumstances. That said, not everyone can handle the time and resource commitments associated with traditional risk management processes. If this is you, building an automated risk management program may be the wiser course.

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MHA Consulting

FEBRUARY 23, 2023

Many companies spend millions of dollars implementing risk mitigation controls but are kept from getting their money’s worth by a disconnected, piecemeal approach. Successful risk mitigation requires that a central authority supervise controls following a coherent strategy.

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Zerto

FEBRUARY 7, 2024

With the global surge in cybercrime—particularly ransomware attacks —and occasional outages of cloud services , enterprise risk management is just the latest initiative that needs attention. What would happen to your organization’s day-to-day operations if your Microsoft Azure Active Directory (Azure AD) stopped working?

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MHA Consulting

OCTOBER 19, 2022

In such times, the best thing an organization can do is get serious about risk management. Related on BCMMETRICS: The ABCs of ERM: The Rise of Enterprise Risk Management An Unstable Global Environment Not since the height of the Cold War has the global environment felt as shaky as it does now.

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LogisManager

OCTOBER 31, 2023

What is the Three Lines of Defense Approach to Risk Management? While this news is relevant to banks, any organization that values proactive risk identification, effective risk management, and regulatory compliance would benefit from implementing the Three Lines Model to safeguard their operations and reputation.

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Risk Management Audit Management Banking 52

Castellan

DECEMBER 13, 2021

That’s what we discussed in an episode of Castellan’s new podcast, Business, Interrupted , with Melanie Lucht, Associate Vice President and Chief Risk Officer at Carnegie Mellon University. At Carnegie Mellon, Lucht got a unique opportunity to lead its new enterprise risk management department with an emphasis on organizational resilience.

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LogisManager

OCTOBER 12, 2021

What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. What Is Risk Management?

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LogisManager

JUNE 4, 2024

As a trusted advisor, you face the challenge of assembling information across functions and levels while maintaining a comprehensible picture of risk. How do you currently quantify your organization’s risks? Are you able to link operational risks to the strategic goals they impact?

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Fusion Risk Management

OCTOBER 7, 2021

Risk management is typically discussed under two categories: Governance, Risk, and Compliance (GRC) or Integrated Risk Management (IRM). Strategic risk. What is strategic risk, and how do you manage it? Solutions Customer Summit Series.

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Reciprocity

AUGUST 18, 2022

Enterprise risk management (ERM) is critical for success in the modern business landscape. Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters.

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Security Industry Association

MAY 9, 2024

New Security Industry Association (SIA) member Advanced Data Risk Management (ADRM) provides data-driven risk management solutions to protect organizations’ critical assets. For me, transitioning from military service to entrepreneurship was a natural progression driven by a sense of duty and purpose.

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LogisManager

MAY 9, 2023

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. However, the evidence was inconclusive so their strategy continued unchanged.

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Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. Additional important ERM components are risk philosophy or strategy, risk culture, and risk appetite. Two ERM Must-Haves.

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Solutions Review

SEPTEMBER 9, 2021

Solutions Review’s listing of the best risk management software is an annual mashup of products that best represent current market conditions, according to the crowd. To make your search a little easier, we’ve profiled the best risk management software providers all in one place. The Best Risk Management Software.

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Solutions Review

APRIL 24, 2023

The editors at Solutions Review have compiled this list of the best risk management courses on Coursera to consider if you’re looking to grow your skills. Risk management is an essential skill in the data protection space. The class outlines the relationship between assets, vulnerabilities, threats, and risks.

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Reciprocity

MARCH 24, 2022

Vendor risk management (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. Third-party risk management begins with due diligence before signing a contract, as with any risk management program.

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LogisManager

JANUARY 5, 2023

Customer Value Story: Integrating Risk Management and Incident Management. As a large, nonprofit healthcare provider, Winona Health manages more than 3,000 incidents annually and has more than 1,000 employees that need to report or manage these incidents. Winona Health: Case Study Company Profile. Company Size.

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Reciprocity

NOVEMBER 5, 2021

The modern corporate organization faces a host of risks that can affect operational efficiency and regulatory compliance. Simple awareness is not enough to stay ahead of these risks. You must find ways to manage, mitigate, accept, or transfer these risks. Here’s where enterprise risk management (ERM) comes in.

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LogisManager

JANUARY 4, 2022

Risk Management Approach for an Organization? There are many different terms for integrated risk management (IRM); GRC (governance, risk and compliance), as well as ERM (enterprise risk management) are two acronyms commonly used interchangeably with IRM. What is Integrated Risk Management?

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Fusion Risk Management

FEBRUARY 16, 2023

A ccording to Deloitte’s global third party risk management survey 2022 , 73% of respondents reported having a high level of dependency on third parties – a nd that reliance is predicted to continuously increase which , in turn, means ongoing related challenges.

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everbridge

MAY 13, 2022

By assessing severe weather risk, organizations and governments can better mitigate the impact a severe weather event has, creating a more robust approach to layered severe weather emergencies. What steps can governments take to mitigate climate risk and severe weather events?

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IBM Business Resiliency

MAY 20, 2021

Teams with mature supply chain risk management strategies adapted to disruption and continued to delight customers. Here are four ways to build a cohesive risk management strategy that you can use to proactively prevent and mitigate risks across the supply chain. No supply chain is without risk.

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LogisManager

APRIL 14, 2024

Four Impactful Risk Reporting Presentations to Maximize Board Engagement Last Updated: April 14, 2024 The Dual Goals of Risk Management Reporting Risk management is a complex and crucial aspect of organizational governance.

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On Solve

NOVEMBER 4, 2021

Staying ahead of it all requires thorough risk management. Yet when it comes to both existing and burgeoning risk, the majority of organizations are not adequately informed, let alone prepared. On top of that, respondents indicated they expect a 122 percent increase in optimized risk management strategies in the next 18 months.

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MHA Consulting

FEBRUARY 9, 2023

Risk transference is one of the four main strategies organizations can use to mitigate risk. Try a Dose of Risk Management Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold. 2) Is the vendor resilient?

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Risk Management Monitor

OCTOBER 25, 2022

In other lines of business, as inflation continues to rise and products become harder to get, we can expect to see increased crime activity, with higher value attributed to stolen goods due to shortages and inflation encouraging more employee theft. Key Action Steps for Risk Managers. This is the time to leverage that trust.

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