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All Outages Like British Air are ALWAYS Human Error!

Alternative Resiliency Services Corp

Mitigating this factor will yield dividends for any organization seeking to reduce Risk. Here’s why: Humans are the Cog in Risk Management and Due Diligence Risk Management by its very nature is non-deterministic and heuristic. Why are humans the prime point of failure? Machines do not have hubris.

Outage 100
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Who’s the Boss? Successful Risk Mitigation Requires Centralized Leadership

MHA Consulting

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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Why You Need Cyber Resilience and Defence in Depth

IT Governance BC

Risk only ceases to exist when you shut the doors. If we know that security incidents are a matter of when, not if, how should organisations approach risk management? Suppose youve identified a risk, and youve implemented a control to mitigate it. Youll still need to accept the risk exists.

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Hurricane Risk Management: Key Considerations Before and After Storms Strike

Risk Management Monitor

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. Some key recommendations to consider before and after any hurricane include: Preventative Measures.

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The Ultimate Guide to Residual Risk  

MHA Consulting

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. Putting it in mathematical terms: (Inherent risk) – (the risk eliminated by your mitigation controls) = residual risk.

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Getting Started with Enterprise Risk Management

MHA Consulting

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.

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Reviewing the Five Types of Risk 

MHA Consulting

During COVID, business tended to focus on only two of the five risk types; however, organizations that want to prosper over the long term need to be cognizant of and plan for all five kinds of risk. Over the medium and long term, these last three risk types have the power to do grave injury to the company.