Zerto

JULY 12, 2023

In the previous post of this risk management series, we covered the business impact analysis (BIA) , which is a crucial step in understanding the impact of potential disruptions to critical business processes. Now, we move on to the next critical step in the process: risk assessment , and its first stage, risk identification.

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Risk Management All-Hazards Management Mitigation 97

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.

Risk Management 98

Risk Management Management Acceptable Risk Mitigation 98

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. Operational resilience transcends mere checklists; it is the outcome of effective operational risk management.

Resilience 59

Resilience Banking Vulnerability Crisis Management 59

MHA Consulting

JANUARY 27, 2022

Many service providers tune out talk about supply chain risk management since they think the issue only affects manufacturers and retailers. In fact, service providers are also vulnerable to vendor … The post What Service Providers Need to Know About Supply Chain Risk Management appeared first on MHA Consulting.

Risk Management 95

Risk Management Retail Management Manufacturing 95

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. To make your search a little easier, we’ve profiled the best risk management software providers all in one place. The Best Risk Management Software.

Risk Management 98

Risk Management Management Audit Hospitality 98

Zerto

APRIL 25, 2023

The Critical Role of Business Impact Analysis In the first part of our miniseries on risk management, we introduced the operational risk management process and outlined its different parts. BIA is an essential component of risk management and business continuity planning efforts.

Impact Analysis 97

Impact Analysis Risk Management Management Continuity Planning 97

IBM Business Resiliency

MAY 20, 2021

Teams with mature supply chain risk management strategies adapted to disruption and continued to delight customers. Here are four ways to build a cohesive risk management strategy that you can use to proactively prevent and mitigate risks across the supply chain. No supply chain is without risk.

Risk Management 96

Risk Management Resilience Management Benchmark 96

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. However, the evidence was inconclusive so their strategy continued unchanged.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

OCTOBER 8, 2024

Digital risk is created by the new technologies that a company adopts to help accelerate its digital transformation. Digital risk management refers to how a company assesses, monitors, and treats those risks that arise from digital transformation. Digital risk management is a critical part of business management.

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Risk Management Management Media Vulnerability 52

Reciprocity

OCTOBER 8, 2024

Digital risk is created by the new technologies that a company adopts to help accelerate its digital transformation. Digital risk management refers to how a company assesses, monitors, and treats those risks that arise from digital transformation. Digital risk management is a critical part of business management.

Risk Management 52

Risk Management Management Media Vulnerability 52

LAN Infotech

MAY 4, 2021

Making Ongoing Risk Management an Operational Standard. While there are several pieces to this puzzle, the most important one, considering today’s threat landscape, is ongoing risk management. It also requires making ongoing risk management an operational standard for your business. billion in value.1

Risk Management 61

Risk Management Management Cybersecurity Vulnerability 61

LogisManager

JANUARY 14, 2025

For risk managers, onboarding is more than just welcoming new team members it’s about ensuring everyone understands compliance while preventing business risks. Risk managers can use automation to train new employees without increasing security risks. Encourage Collaboration Safety is a team effort.

Audit 52

Audit Risk Management Security Vulnerability 52

LogisManager

JANUARY 14, 2025

Automation can help make this process faster, reduce inefficiencies, and mitigate risksbut its important to approach it with a focus on risk. Risk managers know better than anyone how new tools can create vulnerabilities for the company. Why Use a Risk-Based Approach in Contract Management?

Management 52

Management Risk Management Mitigation Audit 52

everbridge

MARCH 7, 2025

Security threats are evolving rapidly, shaped by a combination of cyber vulnerabilities, supply chain risks, geopolitical instability, and natural disasters. Organizations face a growing need to adapt their security strategies, ensuring they can anticipate, mitigate, and respond to threats effectively.

Resilience 52

Resilience Security Emergency Response Emergency Response 52

LogisManager

JUNE 4, 2024

As a trusted advisor, you face the challenge of assembling information across functions and levels while maintaining a comprehensible picture of risk. How do you currently quantify your organization’s risks? Are you able to link operational risks to the strategic goals they impact?

Corporate Governance 105

Corporate Governance Strategic Risk Management Activation 105

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. Additional important ERM components are risk philosophy or strategy, risk culture, and risk appetite. Two ERM Must-Haves.

Risk Management 52

Risk Management Management Mitigation All-Hazards 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

MHA Consulting

OCTOBER 19, 2022

In such times, the best thing an organization can do is get serious about risk management. Related on BCMMETRICS: The ABCs of ERM: The Rise of Enterprise Risk Management An Unstable Global Environment Not since the height of the Cold War has the global environment felt as shaky as it does now.

Risk Management 52

Risk Management Management Mitigation Business Continuity 52

LogisManager

OCTOBER 12, 2021

What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. 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?”. What Is Risk Management?

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Risk Management Management Insurance Insurance 52

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. Risks for all business scandals, like the one at Colonial Pipeline, are always known months in advance, making the consequences preventable. With strong Enterprise Risk Management (ERM), nearly 100% of all liabilities can be avoided. Data Governance.

Risk Management 64

Risk Management Management Authentication Hospitality 64

LogisManager

JANUARY 2, 2024

Thinking Forward: Managing Third Party Risk for 2024 & Beyond Last Updated: January 2, 2024 In the world of third-party risk management, companies have long been accustomed to doing things the old way, navigating through fragmented processes and siloed approaches. Successful Third Party Risk Programs Focus On: 1.

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Management Strategic Risk Management Mitigation 104

Reciprocity

FEBRUARY 12, 2025

Instead, they began with vulnerabilities in vendor systems. These incidents underscore a crucial reality: effective third-party vendor risk management isn’t just about ongoing monitoringit begins the moment you start evaluating a potential partner. Manual processes hide risk exposure.

Evaluation 52

Evaluation Vulnerability Audit Risk Management 52

Reciprocity

FEBRUARY 4, 2025

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. The resource intensity of manual processes creates its own vulnerabilities.

Risk Management 52

Risk Management Vulnerability Strategic Insurance 52

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. Understanding Supply Chain Cyber Risk The increasingly digital nature of supply chain relationships has caused the associated cyber risks to skyrocket.

Management 105

Management Malware Risk Management Cybersecurity 105

MHA Consulting

MARCH 2, 2023

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.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

LogisManager

MAY 11, 2023

Complimentary Gartner® Report: How to Implement a Risk-Based Vulnerability Management Methodology‌ Vulnerabilities are not just a technical issue but are also a business risk that needs to be managed effectively. 1 Many companies still use a rearview approach of governance, risk, and compliance (GRC).

Vulnerability 52

Vulnerability Management Risk Management Government 52

LogisManager

MAY 11, 2023

Complimentary Gartner® Report: How to Implement a Risk-Based Vulnerability Management Methodology‌ Vulnerabilities are not just a technical issue but are also a business risk that needs to be managed effectively. 1 Many companies still use a rearview approach of governance, risk, and compliance (GRC).

Vulnerability 52

Vulnerability Management Risk Management Government 52

MHA Consulting

MAY 18, 2023

For most entrepreneurs, worrying about risk takes a back seat to bringing in revenue and building their company’s brand. But as their companies grow, business owners can and should start becoming more proactive about mitigating risk. We have multiple layers of mitigation and protection across all facets of the organization.

Mitigation 98

Mitigation Consulting Risk Management BCM 98

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 98

Insurance Insurance Outsourcing Mitigation 98

Reciprocity

OCTOBER 1, 2022

Protecting your corporate website as an enterprise risk management strategy can keep your data, customers, sensitive information, and reputation safe. Whether an organization is large or small, the client-facing website offers hackers easily exploitable vulnerabilities for ransomware or malware infections.

Risk Management 52

Risk Management Management Vulnerability Malware 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

LAN Infotech

JANUARY 18, 2022

This means businesses will be more vulnerable, especially those who do not take critical measures to mitigate cybercrimes. Risk Management Services . If your business doesn’t have an effective risk management strategy, you could experience massive losses after a cyber-attack.

Insurance 119

Insurance Insurance Cybersecurity Risk Management 119

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. Security risks aren’t the only type of risk that organizations face.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

LogisManager

JANUARY 4, 2022

Risk Management Approach for an Organization? There are many different terms for integrated risk management (IRM); GRC (governance, risk and compliance), as well as ERM (enterprise risk management) are two acronyms commonly used interchangeably with IRM. What is Integrated Risk Management?

Risk Management 52

Risk Management Management Activation Government 52

LogisManager

FEBRUARY 13, 2024

If your policy management program is fragmented across different systems, the likelihood of non-compliance will significantly increase, opening the door for operational inefficiencies, increased risks, and reputational damage. But they’ll never deliver their designed impact if nobody follows them.

Management 105

Management Vulnerability Mitigation Strategic 105

Solutions Review

APRIL 24, 2023

The editors at Solutions Review have compiled this list of the best risk management courses on Coursera to consider if you’re looking to grow your skills. Risk management is an essential skill in the data protection space. The class outlines the relationship between assets, vulnerabilities, threats, and risks.

Risk Management 52

Risk Management Management Disaster Recovery Cybersecurity 52

everbridge

JANUARY 10, 2025

The ability to anticipate and mitigate such incidents can mean the difference between navigating the storm successfully or facing significant losses. People Cross-functional collaboration: Teams from IT, security, leadership, compliance, and operations must work together to identify potential vulnerabilities and develop strategies.

Resilience 52

Resilience Financial Services Vulnerability Business Continuity 52