Risk Management Monitor

JANUARY 27, 2022

As ransomware continues to spread and payment costs increase, cyber insurance rates have gone up exponentially. Armed with this data, companies can take steps to make it easier to access optimal cyber insurance coverage and better insurance pricing. One way to do this is through analytics.

Insurance 66

Insurance Insurance Cybersecurity Response Plan 66

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. Insurance policies come wrapped in caveats and conditions.

Insurance 98

Insurance Insurance Outsourcing Mitigation 98

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.

Risk Management 98

Risk Management Management Impact Analysis Disaster Recovery 98

Reciprocity

NOVEMBER 5, 2021

Hence cyber insurance has become a lucrative product for insurance companies, and a must-have for businesses that want to offset the costs of attack-inflicted damage. What Is Cyber Insurance and Why Do You Need It? Cyber insurance costs can vary due to a number of factors. What You Need to Know About Cyber Insurance.

Insurance 52

Insurance Insurance Management Internet 52

Pure Storage

DECEMBER 17, 2024

Data breaches wreaked havoc on businesses from data management to healthcare in 2024. Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. Execute predefined steps to handle the breach, communicate with stakeholders, and mitigate damage.

Security 52

Security Vulnerability Cybersecurity Cyber Resilience 52

Risk Management Monitor

AUGUST 30, 2021

The storm marks another overactive hurricane season officially underway in the United States, prompting business leaders and property owners to ensure they are adequately prepared from an insurance and risk management perspective. Before doing so, reach out to your insurance broker who can help guide you through this process.

Risk Management 74

Risk Management Insurance Insurance Management 74

MHA Consulting

MARCH 2, 2023

Related on MHA Consulting: Know Your Gaps: Manage Residual Risk to Keep Your Company Safe Inherent Risk vs. 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 what it is, but residual risk can be managed and reduced.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

Pure Storage

JANUARY 5, 2024

Now is the time to understand their techniques leading up to an attack and develop effective mitigation strategies. Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount.

Insurance 98

Insurance Insurance Cybersecurity Mitigation 98

MHA Consulting

FEBRUARY 16, 2023

This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. Most companies have a pretty good handle on the tactical side of crisis management. However, relatively few are mindful of the strategic side of crisis management. Training and awareness.

Crisis Management 97

Crisis Management Strategic BCM Management 97

Pure Storage

JANUARY 5, 2024

Now is the time to understand their techniques leading up to an attack and develop effective mitigation strategies. Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount.

Insurance 93

Insurance Insurance Cybersecurity Mitigation 93

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. The editors at Solutions Review have developed this resource to assist buyers in search of the best risk management software and tools to fit the needs of their organization.

Risk Management 98

Risk Management Management Audit Hospitality 98

MHA Consulting

FEBRUARY 15, 2024

An emerging hot topic in business continuity and risk management is the software known as a risk management information system (RMIS). An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them.

BCM 106

BCM Risk Management Mitigation Business Continuity 106

National Fire Protection Association

AUGUST 3, 2022

Convening these experts was a key step in developing an overarching strategy to spread mitigation throughout the millions of homes and thousands of communities in wildfire-prone areas of the U.S. The summit participants’ discussions and recommendations will be summarized and shared in a report to be issued later this month.

Mitigation 52

Mitigation All-Hazards Education Hazard 52

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. ERM is all about reducing.

Risk Management 52

Risk Management Management All-Hazards Mitigation 52

Risk Management Monitor

MARCH 4, 2022

Concerns about escalating cyber activity around the crisis are a vivid reminder of the importance of knowing your threat model and adjusting your risk management priorities accordingly. and “How can we still work without any technology support?”. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

Pure Storage

JANUARY 5, 2024

Now is the time to understand their techniques leading up to an attack and develop effective mitigation strategies. Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount.

Insurance 80

Insurance Insurance Cybersecurity Mitigation 80

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. I predict by next year they too will conclude that it was a failure in risk management.

Banking 98

Banking Risk Management Management Corporate Governance 98

LogisManager

OCTOBER 12, 2021

This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works. In this blog post, our Product team dives into risk assurance: a critical data point in any risk management program. Risk Managers are asked to be prescient.

Risk Management 98

Risk Management Mitigation Insurance Insurance 98

National Center for Disaster Prepardness

FEBRUARY 7, 2025

Recently, the exploration of artificial intelligence (AI) offers possibilities for enhancing the efficiency and speed of damage assessments, affording a shift toward more technologically integrated approaches in disaster management. These operational constraints must be addressed to fully realize this technologys potential.

Damage Assessment 77

Damage Assessment Disaster Management Management Disaster Recovery 77

Zerto

MARCH 5, 2025

By functioning as a standardized blueprint, they outline the best practices to approach risk management and help businesses maintain resilience in the face of growing threats. HIPPA: The Health Insurance Portability and Accountability Act (HIPPA) enforces data protection regulations specifically for the healthcare industry.

Cyber Resilience 52

Cyber Resilience Security Disaster Recovery Resilience 52

Solutions Review

DECEMBER 12, 2024

From advancements in AI-powered risk mitigation to new paradigms in regulatory compliance, these predictions provide actionable perspectives to help organizations navigate the complexities of 2025. This heightened accountability is set to redefine service contracts and risk management strategies.

Vulnerability 52

Vulnerability Cybersecurity Malware Audit 52

LogisManager

OCTOBER 19, 2023

Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure. Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy.

Banking 98

Banking Corporate Governance Audit Risk Management 98

LogisManager

OCTOBER 12, 2021

What Is Risk Management? 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?”. Risk Management allows you to imagine tomorrow’s surprises today. However, implicit risk management is not enough to successfully operate a business.

Risk Management 52

Risk Management Management Insurance Insurance 52

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures.

Risk Management 52

Risk Management Management Mitigation All-Hazards 52

Reciprocity

FEBRUARY 12, 2025

While these partnerships drive innovation and efficiency, they also open the door to potential risks that need to be managed from the very first interaction. Common Challenges in Manual Vendor Onboarding Organizations attempting to manage vendor onboarding through manual processes face mounting pressure.

Evaluation 52

Evaluation Vulnerability Audit Risk Management 52

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.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

SEPTEMBER 5, 2024

While it is impossible to eliminate market risk entirely, you can manage your investments to minimize loss, making it easier for your company to reach its financial goals. What Are Some Methods for Managing Market Risk? What Is Market Risk? Investing can be complex, and beginners may not know how to navigate the market successfully.

Marketing 52

Marketing Mitigation Risk Management Banking 52

everbridge

MARCH 6, 2025

Operational resilience has become a defining priority for organizations in sectors like finance and insurance, especially in the UK and Europe. Organizations with robust resilience frameworks, including impact tolerance thresholds, not only reduce the frequency of incidents but also mitigate their cost. million in 2024.

Resilience 52

Resilience Financial Services Banking Manufacturing 52

Reciprocity

FEBRUARY 4, 2025

In 2025, organizations face an unprecedented challenge in managing third-party risk. This isn’t just about vendor assessments anymore it’s about managing an intricate web of AI-powered tools, remote access points, and digital dependencies that could each represent a potential vulnerability in your security posture.

Risk Management 52

Risk Management Vulnerability Strategic Insurance 52

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. That’s why insurance premiums are increasing exponentially for those organizations that cannot provide evidence of an effective ERM program that has strong controls and a robust Incident Response program. This will also uncover poor management of privileged user accounts.

Risk Management 64

Risk Management Management Authentication Hospitality 64

everbridge

DECEMBER 19, 2023

By Eric Boger, VP Risk Intelligence As we approach the end of 2023, it’s vital to reflect on the transformative year in the field of critical event management. Travel Risk Management and Employee Duty of Care Travel risk management took on new dimensions in 2023.

Management 59

Management Travel Vulnerability Retail 59

everbridge

NOVEMBER 17, 2022

The study shows that the measures and systems to manage risk caused by climate change are often under-funded. With the increase in climate-related severe weather events resulting in unprecedented levels of damage ($2.2B Click below to read the study. download white paper.

Resilience 69

Resilience Insurance Insurance Publishing 69

Reciprocity

APRIL 4, 2022

Although people often use the words “assess” and “analyze” interchangeably, the terms are not synonymous in risk management. A risk assessment forms the backbone of your overall risk management plan. Implement controls and risk response plans to prevent and mitigate risk.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Pure Storage

JANUARY 11, 2024

The FCA, BoE, and PRA have adopted a very comprehensive approach to crafting and implementing OR policies, which is also designed to manage systemic risks posed by “critical third parties.” The act applies to banks, insurance companies, investment firms, and the like, but it also includes critical third parties.

Resilience 117

Resilience Financial Services Banking Cybersecurity 117

Fusion Risk Management

NOVEMBER 3, 2022

Those of us who are deeply passionate about managing risk fundamentally understand that it is our own personal reputation at stake. Department of Justice includes provisions in its Guidelines on Corporate Compliance to assess governance in place and determine whether management is responsible.

Resilience 96

Resilience Mitigation Cybersecurity Risk Management 96

Pure Storage

NOVEMBER 17, 2021

How can organizations mitigate these risks and get the supply chain resiliency they need? Analytics can be a boon to supply chain management , but a lack of adequate data can make optimization difficult. For example, when data is lacking or lagging, inventory management can be too slow to respond to demand. Lack of agility.

Retail 119

Retail Insurance Insurance Internet 119

Pure Storage

MARCH 21, 2022

Identification: Identifies and responds to incidents reported through your organization’s Help Desk or detected using security and threat mitigation tools. Incident Manager. Pure Storage® SafeMode TM snapshots are critical to mitigating and recovering from a ransomware attack. Communication is key when a security event occurs.

Emergency Response 105

Emergency Response Emergency Response Backup Outsourcing 105