Reciprocity

SEPTEMBER 5, 2024

The equity risk premium (ERP) is the extra returns you can demand for taking on the risk of investment in the stock market rather than making a risk-free investment (say, in an insured bank savings account). What Are Some Methods for Managing Market Risk?

Marketing 52

Marketing Mitigation Risk Management Banking 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. Insurance policies come wrapped in caveats and conditions.

Insurance 98

Insurance Insurance Outsourcing Mitigation 98

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

Risk Management Monitor

OCTOBER 25, 2022

Inflation’s Impact on the Insurance Market. In light of current economic conditions, the directors and officers (D&O) insurance market is now facing several notable inflationary risks. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

Insurance 40

Insurance Insurance Risk Management Management 40

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

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

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

everbridge

OCTOBER 7, 2024

When any of us own a large purchase or investment, we protect that investment with insurance. Our logic when choosing insurance is that the cost of the insurance is justifiable based on the potential loss we would incur should the worse case scenario happen. Be it a house, car, boat, our health and even our lives.

Continuity Planning 52

Continuity Planning Business Continuity Insurance Insurance 52

MHA Consulting

AUGUST 24, 2023

They include process and procedural robustness and integrity; people, skills, and training; insurance and self-insurance; the supply chain, outsourcing, and inherent risk; infrastructure, systems, and telecommunications; and physical and information security. Knowledge of how to mitigate risks. Accepting risk.

Risk Management 98

Risk Management BCM Management All-Hazards 98

MHA Consulting

MARCH 14, 2024

Risk can never be eliminated but it can be mitigated. Enterprise Risk Management is the activity of identifying and mitigating the hazards that threaten an organization (definition from Strong Language: The MHA Glossary of Essential Business Continuity Terminology , available for free download with registration).

Risk Management 52

Risk Management Management All-Hazards Mitigation 52

MHA Consulting

MARCH 2, 2023

Residual risk is the amount of risk that remains in an activity after mitigation controls are applied. Putting it in mathematical terms: (Inherent risk) – (the risk eliminated by your mitigation controls) = residual risk. A related but higher level concept is that of risk mitigation strategies.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

Online Computers

MARCH 14, 2024

Patient data, containing sensitive information ranging from medical histories to insurance details, has become a lucrative target for cybercriminals. Every piece of data, from medical records and treatment plans to billing and insurance details, contributes to a comprehensive understanding of the patient's health history.

Healthcare 52

Healthcare Cybersecurity Malware Insurance 52

National Fire Protection Association

JUNE 20, 2023

This panel discussion offers perspectives from manufacturers, AHJs, FPEs/consultants, developer/installer/maintainers, and insurance and fire service. These are just a few of the many lithium-ion and ESS presentations hosted at C&E this week, reflecting the many risks they present in today’s world.

Hazard 52

Hazard Mitigation Insurance Insurance 52

CCEM Strategies

NOVEMBER 9, 2023

1 Of the top 10 most expensive natural disasters in terms of insurance payouts in Canada, floods are responsible for four. The Insurance Bureau of Canada states that the insured damage of this event was $675 million. So, what can you do to help mitigate the effects of flooding?

Emergency Planning 52

Emergency Planning Insurance Insurance Damage Assessment 52

MHA Consulting

FEBRUARY 15, 2024

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. Typically available as a SaaS solution, RMIS software is designed to help companies manage and mitigate risk. Risk Mitigation.

BCM 106

BCM Risk Management Mitigation Business Continuity 106

everbridge

NOVEMBER 17, 2022

The study provides a four-step call to action to create a resilient enterprise through climate adaptation, which include the relevance of Critical Event Management solutions to better anticipate/ mitigate/ respond/ recover, and the role of insurance and new alternative finance solutions. Click below to read the study.

Resilience 69

Resilience Insurance Insurance Publishing 69

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

LogisManager

OCTOBER 17, 2024

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. The breach cascaded across Change Healthcare’s partners, including healthcare providers, insurers, and pharmaceutical companies.

Risk Management 52

Risk Management Healthcare Management Audit 52

Online Computers

MARCH 14, 2024

Patient data, containing sensitive information ranging from medical histories to insurance details, has become a lucrative target for cybercriminals. Every piece of data, from medical records and treatment plans to billing and insurance details, contributes to a comprehensive understanding of the patient’s health history.

Healthcare 52

Healthcare Cybersecurity Malware Insurance 52

Disaster Safety

DECEMBER 23, 2021

Severe winter weather is a significant cause of insured catastrophic losses and is a risk for many businesses across the country, including portions of the typically warmer southern United States. Discuss the systems exposure to winter weather and potential mitigation options. Know what your insurance covers and what it doesn’t.

Insurance 129

Insurance Insurance Outage Alert 129

LogisManager

OCTOBER 19, 2023

The first line of defense, typically the business units, can use the software to conduct risk assessments, document risks, and develop mitigation plans. In partnership with LogicManager, banks can bolster their risk management, enhancing governance and compliance while mitigating potential issues.

Banking 98

Banking Corporate Governance Audit Risk Management 98

Zerto

FEBRUARY 28, 2024

The Australian Signals Directorate (ASD) has developed a set of prioritized mitigation strategies known as the Essential Eight to safeguard internet-connected information technology networks. These strategies, outlined by the ASD, form a comprehensive framework to mitigate cybersecurity incidents effectively.

Cybersecurity 85

Cybersecurity Resilience Backup Disaster Recovery 85

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss? Second, using the risk maturity model pays.

Resilience 52

Resilience Risk Management Mitigation BCM 52

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss? Second, using the risk maturity model pays.

Resilience 52

Resilience Risk Management Mitigation BCM 52

Zerto

APRIL 6, 2023

We will end the series with an overview of the risk prioritization and mitigation stages of the process. This ensures your risk management framework will prioritize mitigation strategies and best practices for enterprise risk management. Some risks will be within your organization’s risk appetite.

Risk Management 98

Risk Management Management Impact Analysis Disaster Recovery 98

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. Digital risk protection is a cyber risk management strategy consisting of two main components: Identifying risks and threats, and then mitigating them. Mitigation. How do you know which mitigation measures to implement? Identification.

Mitigation 52

Mitigation Malware Cybersecurity Media 52

Fusion Risk Management

SEPTEMBER 12, 2022

Many of our own customers have said that having a “tone at the top” from leadership is critical to get their business team’s buy-in, as no one really wants to take a time out to work on their continuity plans or risk mitigation strategy. Ability to Procure Cyber Insurance.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

Risk Management Monitor

MARCH 4, 2022

Cyber insurance firm Coalition has put together a guide to basic cybersecurity measures to help organizations—policyholders and otherwise—proactively manage cyberrisk and reduce the likelihood of a cybersecurity incident. and “How can we still work without any technology support?”. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

Reciprocity

AUGUST 18, 2022

Passing or sharing the risk via insurance, joint venture, or another arrangement. Mitigating or reducing the risk by internal controls or other risk-prevention measures. Factor Analysis of Information Risk (FAIR) provides a common risk mitigation vocabulary to help you to address security practice weaknesses.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

MARCH 28, 2022

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. How Automation Benefits Risk Mitigation.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Erwood Group

OCTOBER 27, 2020

The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance. In some cases, we have seen providers work closely with the client to further mitigate risk by providing additional assistance and suggestions. Let’s look at each of these and others in more detail.

Business Continuity 59

Business Continuity Continuity Planning Insurance Insurance 59

Pure Storage

AUGUST 8, 2024

Building Data Protection into Government Cyber Defense Data protection is an essential component of any cyber defense and mitigation plan and should be viewed as more than just creating a backup as an insurance policy against an attack. Backups should be the last line of defense.

Resilience 59

Resilience Backup Cybersecurity Transportation 59

Pure Storage

AUGUST 4, 2021

Pure Storage® CTO-Americas, Andy Stone, joins former hacker turned internationally-renowned cybersecurity expert, Hector Xavier Monsegur, to bring you “ A Hacker’s Guide to Ransomware Mitigation and Recovery.” With high-dollar insurance policies and the anonymity of cryptocurrencies, it’s more lucrative than ever.

Insurance 81

Insurance Insurance Authorization Mitigation 81

Reciprocity

OCTOBER 8, 2024

Automated risk management uses automation technology, such as software systems and algorithms, to get real-time visibility into your business processes and to gain valuable insights into potential or new risks — and eventually to mitigate those risks to avoid undesirable outcomes. Workflow automation. Integration with other systems.

Risk Management 52

Risk Management Cybersecurity Management Alert 52

Reciprocity

OCTOBER 8, 2024

Automated risk management uses automation technology, such as software systems and algorithms, to get real-time visibility into your business processes and to gain valuable insights into potential or new risks — and eventually to mitigate those risks to avoid undesirable outcomes. Workflow automation. Integration with other systems.

Risk Management 52

Risk Management Cybersecurity Management Alert 52

Plan B Consulting

APRIL 2, 2024

Traditional risk management focuses on identifying and mitigating risks that can be predicted based on historical data and past experiences. The only mitigation was that the incident occurred in the middle of the night rather than at peak rush hour, so the casualty count was much less than it could have been.

Banking 52

Banking Insurance Insurance Mitigation 52

Pure Storage

MARCH 21, 2024

The multinational health insurance and services company has been knee-deep in this nightmare since its technology unit, Change Healthcare, was targeted by the BlackCat/ALPHV ransomware affiliate in late February. But they need to be next-generation solutions if you want to mitigate every potential risk and be as resilient as possible.

Healthcare 97

Healthcare Hospitality Architecture Cybersecurity 97