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How to Offload Your Risk to a Third Party

MHA Consulting

There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity. The Promise and Pitfalls of Insurance Insurance is the most frequently used and easiest method of risk transference.

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Operational Risk Management

MHA Consulting

They include: Process and procedural robustness and integrity People, skills and training Insurance and self-insurance The supply chain, outsourcing, and inherited risk Infrastructure, systems and telecommunications Physical and information security Operational risk is recognized as being distinct from market risk and credit or trade risks.

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The Outrage or Lack Thereof: Lessons Learned from the CrowdStrike Outage

Fusion Risk Management

CrowdStrike led a masterclass in just how quickly the public opinion can change about a firm and highlighted the need for agility when running a response: On Thursday 18 th July, they were considered the leader in the market for endpoint cyber security, threat detection, and response. It doesn’t work.” 3 billion 12.

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Operational Risk Management

MHA Consulting

They include: Process and procedural robustness and integrity People, skills and training Insurance and self-insurance The supply chain, outsourcing, and inherited risk Infrastructure, systems and telecommunications Physical and information security Operational risk is recognized as being distinct from market risk and credit or trade risks.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Closely tied to those values are programs that enhance an organization’s operational risk management, compliance, and governance procedures; ESG (environmental, social, and governance) ; and reputation and perception in the market. Ability to Procure Cyber Insurance.

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Top reasons why Business Continuity Planning is ignored!

Stratogrid Advisory

We have business interruption insurance. The business interruption insurance will cover actual business loses and expenses associated with the restoration of business services. What business interruption insurance will NOT cover is the loss of your clients, overall market share, or any project related delays associated costs.

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Your Recall Task Force

Marketpoint Recall

Your finance team are there to ensure the right insurance is purchased and to provide the documentation that the regulatory authorities require throughout a recall. Legal counsel – in-house or outsourced. Marketing & PR – there to protect potential brand damage. · Finance – crucial to a recall.