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. Exactly what those domains are will be detailed in a moment.

Risk Management 95

Risk Management Management Strategic Mitigation 95

Bernstein Crisis Management

MAY 19, 2023

Pre-Crisis The pre-crisis stage involves identifying potential crises, assessing their likelihood and potential impact, and developing strategies to prevent, mitigate, or prepare for them. Externally Caused Crises These crises are triggered by external forces beyond the organization’s control.

Crisis Management 202

Crisis Management Management Evaluation Authorization 202

Fusion Risk Management

NOVEMBER 19, 2024

The Prudential Regulation Authority (PRA), Bank of England (BoE), and Financial Conduct Authority (FCA) jointly issued stringent regulations to mitigate systemic risks and contain potential crises. From risk assessments to contingency planning, Fusion equips organizations to navigate operational vulnerabilities effectively.

Resilience 52

Resilience Vulnerability Banking Crisis Management 52

Zerto

JULY 6, 2023

The Need for Effective Ransomware Detection Ransomware attacks can strike businesses of all sizes and industries, wreaking havoc on their operations and leaving them vulnerable to extortion. Traditional security measures are no longer sufficient, since cybercriminals constantly evolve their tactics to bypass defences.

Resilience 115

Resilience Audit Cyber Resilience Malware 115

MHA Consulting

MARCH 2, 2023

Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation. Residual risk is the amount of risk that remains in an activity after mitigation controls are applied.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

BCP Builder

JULY 15, 2024

A thorough risk assessment identifies vulnerabilities, evaluates potential impacts, and informs the development of effective mitigation strategies. Assign a team leader to coordinate activities and ensure the assessment stays on track. Vulnerability Analysis : Assess the susceptibility of each asset to identified threats.

Evaluation 52

Evaluation Response Plan Vulnerability Mitigation 52

BCP Builder

JULY 15, 2024

A thorough risk assessment identifies vulnerabilities, evaluates potential impacts, and informs the development of effective mitigation strategies. Assign a team leader to coordinate activities and ensure the assessment stays on track. Vulnerability Analysis : Assess the susceptibility of each asset to identified threats.

Evaluation 52

Evaluation Response Plan Vulnerability Mitigation 52

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. 2) Is the vendor resilient?

Insurance 98

Insurance Insurance Outsourcing Mitigation 98

Reciprocity

OCTOBER 8, 2024

By detecting and assessing possible vulnerabilities in a business IT network, companies can best prepare for cyber assaults and strive to mitigate the effect of a cyber event if one occurs. Develop a mitigating strategy to protect against digital risks. Understand the threats to the business.

Risk Management 52

Risk Management Management Media Vulnerability 52

Reciprocity

OCTOBER 8, 2024

By detecting and assessing possible vulnerabilities in a business IT network, companies can best prepare for cyber assaults and strive to mitigate the effect of a cyber event if one occurs. Develop a mitigating strategy to protect against digital risks. Understand the threats to the business.

Risk Management 52

Risk Management Management Media Vulnerability 52

LogisManager

OCTOBER 17, 2024

Change Healthcare, a leading provider of data analytics, revenue cycle management, and payment solutions, found itself vulnerable due to flaws in its data management practices. Insufficient Board and Leadership Oversight : The board of directors and executive team were not actively engaged in risk management, leading to a lack of governance.

Risk Management 52

Risk Management Healthcare Management Audit 52

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. For good examples of this type of operational vulnerability, see “ Single Points of Failure: Protecting Yourself from Hanging by a Thread.”)

Management 52

Management Risk Management Mitigation Strategic 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

Security Industry Association

FEBRUARY 2, 2023

Any cybersecurity expert would tell you there is a cybersecurity vulnerability and threat anywhere there is an interface. There is a misconception that blockchain cannot be “hacked,” which is far from the truth; this technology is vulnerable to new higher levels of digital innovation that we will address as well.

Mitigation 105

Mitigation Vulnerability Technology Cybersecurity 105

Security Industry Association

MARCH 19, 2024

Threat Detection and Mitigation When it comes to detecting threats, AI supports security efforts by analyzing patterns and identifying unusual activities that may lead to potential problems. When these activities are detected, users can take immediate action to block or contain potential threats.

Security 52

Security Cybersecurity Vulnerability Activation 52

Pure Storage

AUGUST 3, 2023

Threat modeling is an essential tool for developers and security professionals to identify and mitigate potential security risks in software systems proactively. Threat modeling is the process of identifying potential threats and vulnerabilities in a system and determining the likelihood and impact of each threat.

Authentication 87

Authentication Vulnerability Authorization Audit 87

NexusTek

JANUARY 17, 2024

Capitalizing on human error and a host of other vulnerabilities, threat actors increasingly exploit weak links in supply chains to gain access to bigger targets up the chain. Risk Assessment: Conducting risk assessments will be instrumental in identifying potential vulnerabilities within your supply chain.

Malware 105

Malware Management Risk Management Cybersecurity 105

BCP Builder

JULY 8, 2024

From natural disasters to cyberattacks and active shooter situations, universities must be prepared to handle various emergencies. Preparation Strategies : Risk Assessment : Conduct regular risk assessments to identify vulnerabilities and the likelihood of different natural disasters affecting your campus.

Security 52

Security Emergency Planning Response Plan Audit 52

BCP Builder

JULY 8, 2024

From natural disasters to cyberattacks and active shooter situations, universities must be prepared to handle various emergencies. Preparation Strategies : Risk Assessment : Conduct regular risk assessments to identify vulnerabilities and the likelihood of different natural disasters affecting your campus.

Security 52

Security Emergency Planning Response Plan Audit 52

Zerto

OCTOBER 24, 2024

On the other, it provides cybercriminals with sophisticated tools to exploit vulnerabilities. Automated vulnerability scanning AI-powered tools can scan vast networks for vulnerabilities at an unprecedented speed. This automation significantly reduces the time required for cybercriminals to identify and exploit vulnerabilities.

Cybersecurity 52

Cybersecurity Vulnerability Cyber Resilience Resilience 52

everbridge

OCTOBER 7, 2024

By actively engaging with communities, collaborating with partners, advocating for policy change, fostering innovation, and sharing knowledge, organizations can transcend their organizational borders and contribute to a more resilient society.

Resilience 52

Resilience All-Hazards Hazard Risk Reduction 52

National Fire Protection Association

JUNE 21, 2023

In 2018, Augusta, Georgia, became the first community to implement NFPA 3000®, Standard for an Active Shooter/Hostile Event Response (ASHER) Program, to address mass casualty event mitigation, planning, response, and recovery. It’s not a matter of if one is going to happen, it’s when,” said Ryan. And we’re going in the wrong direction.”

Activation 96

Activation Mitigation Healthcare Publishing 96

Pure Storage

MAY 8, 2024

By leveraging AI for reconnaissance and vulnerability assessment, AI-powered ransomware can exploit weaknesses in existing cybersecurity defenses with alarming precision. This includes zero-day vulnerabilities and misconfigurations in software and systems, further complicating the task of defending against such attacks.

Malware 78

Malware Architecture Cybersecurity Vulnerability 78

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

MARCH 19, 2024

According to an INTERPOL report , between January and April 2020, there was a significant increase in malicious cyber activities attributed to the pandemic shift to WFH. It’s crucial for companies to continuously evaluate and improve their cybersecurity strategies to mitigate risks and comply with legal and regulatory requirements.

Cybersecurity 59

Cybersecurity Risk Management Vulnerability Mitigation 59

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

LogisManager

JANUARY 29, 2024

Upholding fiduciary duty, adopting an integrated methodology, actively managing gaps, fostering collaboration, and providing holistic protection to the business are paramount. At LogicManager, we promote a proactive, integrated, and collaborative approach to compliance management.

Management 105

Management Activation Vulnerability Mitigation 105

Pure Storage

MAY 20, 2024

Ransomware attacks are growing more common and more sophisticated, making it more important than ever for businesses to take proactive steps to mitigate risk. Common mechanisms include phishing emails, infected websites, and known software vulnerabilities. That includes putting a comprehensive ransomware recovery plan in place.

Cybersecurity 52

Cybersecurity Architecture Mitigation Data Recovery 52

Reciprocity

SEPTEMBER 12, 2024

Risk acceptance is a part of risk mitigation, and is one potential option to determine the appropriate risk response or treatment. The steps of risk management include risk assessment, risk analysis, risk evaluation and prioritization, risk treatment and mitigation, and risk monitoring and review.

Management 52

Management Risk Management Vulnerability Risk Reduction 52

LogisManager

MARCH 19, 2024

According to an INTERPOL report , between January and April 2020, there was a significant increase in malicious cyber activities attributed to the pandemic shift to WFH. It’s crucial for companies to continuously evaluate and improve their cybersecurity strategies to mitigate risks and comply with legal and regulatory requirements.

Cybersecurity 52

Cybersecurity Risk Management Vulnerability Mitigation 52

MHA Consulting

SEPTEMBER 7, 2023

There’s no better way to achieve an ambitious, difficult goal such as moving an organization from a state of vulnerability to one of resilience than by breaking that journey down into steps, putting those steps into a sensible order, and tackling the steps one-by-one on a phased timetable. We think they’re essential.

BCM 105

BCM Resilience Vulnerability Business Continuity 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

everbridge

SEPTEMBER 16, 2024

It encompasses various activities such as risk assessment, vulnerability management, incident response planning, continuous monitoring, and fostering a culture of cybersecurity awareness. By investing in cybersecurity, organizations can mitigate risks and protect their assets.

Cybersecurity 52

Cybersecurity Response Plan Strategic Vulnerability 52

MHA Consulting

OCTOBER 19, 2022

In case you missed it, here they are again: Risk acceptance is a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. If you inform yourself about the risks inherent in various courses of actions, and take steps to mitigate them, you can still maneuver.

Risk Management 52

Risk Management Management Mitigation Business Continuity 52

Security Industry Association

JUNE 5, 2023

32, focusing on the act of mitigating the risk associated with a drone, and highlighting the crucial role the Security Industry Association’s (SIA’s) Counter-UAS Working Group plays in advancing C-UAS-specific regulations within all affected U.S. Weaponized UAS introduces new dimensions to criminal activities and acts of terrorism.

Authorization 98

Authorization Mitigation All-Hazards Government 98

MHA Consulting

JUNE 22, 2023

Related on MHA Consulting: How to Get Strong: Unlocking the Power of Vulnerability Management The Practice of Vulnerability Management Last week, MHA CEO Michael Herrera wrote a blog about vulnerability management , the practice of identifying and mitigating the weaknesses in an organization’s people, processes, and technology.

Vulnerability 98

Vulnerability Outage Capacity BCM 98

Security Industry Association

SEPTEMBER 20, 2023

Security vulnerabilities : During a government shutdown, most agencies would have to reduce staffing levels, including those responsible for the administrative side of certain cybersecurity and physical security projects and oversight leading to potential vulnerabilities in processes and procedures as well as a lack of particular federal resources.

Government 111

Government Security Vulnerability Authorization 111