On Solve

DECEMBER 21, 2021

As our OnSolve leadership team reflects on 2020 and 2021, we note a trend in our conversations with Business Continuity (BC), Enterprise Risk Management (ERM), Physical Security (PS), Travel Risk Management (TRM) and Supply Chain Risk Management (SCRM) leaders. Dynamic Environment vs Dynamic Risks.

Risk Management 52

Risk Management Management Travel Scenario Planning 52

Alternative Resiliency Services Corp

DECEMBER 10, 2019

​Your Business Continuity, Risk Management and related programs can get side-tracked during the holiday rush. Exercises Winter presents significant potential for business interruptions and outages. People are “too busy” to participate.

Audit 130

Audit Outage Business Continuity Evaluation 130

everbridge

MARCH 6, 2025

There are many metrics that can be used to measure what could or would cause harm and unlike broader risk management strategies, which aim to prevent disruptions entirely, impact tolerances acknowledge that incidents are inevitable. Prioritize risks with the highest likelihood and potential impact on your operations.

Resilience 52

Resilience Financial Services Banking Manufacturing 52

Zerto

FEBRUARY 7, 2024

With the global surge in cybercrime—particularly ransomware attacks —and occasional outages of cloud services , enterprise risk management is just the latest initiative that needs attention. The ripple effects lasted 4400% longer than the outage itself. Customers, as well as internal team members, were severely impacted.

Activation 114

Activation Backup Outage Authentication 114

MHA Consulting

APRIL 27, 2023

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. Establish and implement policies and procedures to help ensure that risk responses are effectively carried out.

Pandemic 98

Pandemic Mitigation Risk Management Strategic 98

MHA Consulting

MARCH 2, 2023

In deciding its risk tolerance level, management should analyze the cost to the organization of having its operations offline. An organization that can undergo an outage of five days at no great cost is justified in having a high risk tolerance. Where risk tolerance is high, controls can be relaxed.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

LogisManager

JULY 22, 2021

Their process for developing and updating their BCP initially involved holding in-person interviews with department heads to gather information about various impacts to their core processes in case of an outage: Who are their key team members? This lets them easily determine which processes need to be prioritized during an outage.

BCP 94

BCP Outage Pandemic Continuity Planning 94

MHA Consulting

JANUARY 26, 2023

Anything and everything is out there regarding how you can protect your organization and its stakeholders from disruptions and recover quickly when outages occur. A great place to get an overview of the whole BC field, from Program Administration to Exercises to Risk Management and Mitigation. BCM consultancy websites.

BCM 98

BCM All-Hazards Disaster Recovery Hazard 98

MHA Consulting

FEBRUARY 23, 2023

Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. Try a Dose of Risk Management As a business continuity professional, I tip my hat to any organization that makes a serious effort to reduce its risks. Try a Dose of Risk Management The post Who’s the Boss?

Mitigation 97

Mitigation Authorization Risk Management Risk Reduction 97

MHA Consulting

JANUARY 25, 2024

It focused on identifying the most critical business processes and developing plans to keep those processes going or quickly restore them in the event of an outage. Other components include risk management, crisis management, operational resilience, supply chain resilience, and financial resilience, among others.

BCM 105

BCM Business Continuity Resilience Outage 105

On Solve

JANUARY 14, 2022

Only 30 percent of organizations are very confident they can handle the increasing complexity of risk management in the future. The average cost of an unplanned data center outage is $9,000 per minute, according to a Ponemon Study. Failing To Plan Is Planning To Fail, Forrester Consulting, October 2021 4.

Business Continuity 98

Business Continuity Benchmark Consulting Outage 98

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. They consist of a comprehensive set of policies, procedures, and standards designed to safeguard a businesss data and various assets.

Cyber Resilience 52

Cyber Resilience Security Disaster Recovery Resilience 52

MHA Consulting

MARCH 23, 2023

By adhering to the council’s guidelines, companies can implement best practices for risk management, cybersecurity, data protection, and business continuity planning. The FFIEC standard can be found here, and it’s completely free. Does trying to meet the rigorous FFIEC standard make sense for every organization?

BCM 95

BCM Impact Analysis Business Continuity Banking 95

Fusion Risk Management

NOVEMBER 4, 2021

Whether it’s supplier challenges, extreme weather, an unplanned outage, or an increased threat of cyberattacks, it seems the next disruption is just around the corner. What happens when a hurricane causes damage to an entire region, causing several sites to go down along with unplanned network outages?

Outage 52

Outage Account Manager Activation Response Plan 52

MHA Consulting

JUNE 22, 2023

Sorting out such problems can take hours if not days, an expensive proposition if the issue is prolonging an outage. This can be crippling during an outage. We frequently see organizations suffer unneeded impact from outages because their staff have not been trained and prepared to implement the designated response procedures.

Vulnerability 98

Vulnerability BCM Capacity Outage 98

Swan Island Network

NOVEMBER 8, 2017

You’ve undoubtedly read about or experienced the Delta outage this week; you might be sitting in an airport reading this right now! Enterprise Risk Management. Enterprise Risk Management: 3 Keys to Success. When the Ship Goes Down, You Need a Lifeboat. Pete O'Dell. November 8, 2017. Share on facebook. FREE DEMO.

Insurance 52

Insurance Insurance Outage Risk Management 52

Fusion Risk Management

SEPTEMBER 20, 2024

Fusion Risk Management surveyed 1,000 employees of organizations across the globe to see how companies are preparing for disruptions , where they may be falling short, and what this means for the future of risk management , business continuity, and operational resilience.

Risk Management 52

Risk Management Vulnerability Media Activation 52

Fusion Risk Management

SEPTEMBER 7, 2022

In fact, according to Gartner’s Top Security and Risk Management Trends survey , 48 % of executives believe that cybersecurity is the top source of risk to their organizations. . Businesses must have a third-party risk management system that helps them to identify and reduce risks caused by third-party service providers.

Technology 59

Technology Cyber Resilience Resilience Cybersecurity 59

Fusion Risk Management

DECEMBER 1, 2021

Taking the following steps helps appropriately manage and mitigate risks throughout the vendor lifecycle: Dive deeper during due diligence. The post Determining a Critical Vendor appeared first on Fusion Risk Management. Establish guidelines and alerts for continuous monitoring.

Outsourcing 52

Outsourcing Alert Financial Services Outage 52

IT Governance BC

FEBRUARY 12, 2019

Business continuity management. BCM (business continuity management) is a form of risk management that deals with the threat of business activities or processes being interrupted. Any downtime can be unacceptable given the pace of modern life, so it is essential for organisations to plan for disaster.

Disaster Recovery 77

Disaster Recovery BCM Retail Business Continuity 77

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. What Is a Risk Maturity Model?

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. What Is a Risk Maturity Model?

Resilience 52

Resilience Risk Management Mitigation BCM 52

LogisManager

FEBRUARY 10, 2022

That’s why it’s more important than ever to ensure you’re taking the right steps to use it to your advantage, which all starts with strong risk management. In the banking industry, managing reputational risk is a complex and ongoing discipline. Just like any business, banks face a myriad of risks.

Banking 52

Banking Risk Management Strategic Evaluation 52

Fusion Risk Management

DECEMBER 7, 2023

Nazir had previously worked in risk management in other industries, including retail, consumer products, and automotive. He worried that that approach wouldn’t work with some customers, vendors, and regulators and could result in potential risks like outages, losing customers for good, and regulatory fines.

Financial Services 52

Financial Services Resilience Disaster Recovery Automotive 52

Fusion Risk Management

AUGUST 26, 2021

Users can now embed Relationship Map inside a flow to view relationships and dependencies beyond the current plan to see how sites, processes, systems, and people are affected by an outage. Please contact your account manager to learn more. Simply click a node to view additional data pertaining to each record and edit specific fields.

Disaster Recovery 52

Disaster Recovery Outage Account Manager Resilience 52

Fusion Risk Management

APRIL 5, 2023

The Impact of Ineffective Resilience Capabilities is Severe Imagine a bank that experiences a catastrophic outage in its IT systems , preventing customers from accessing their accounts for several days. That’s why Fusion Risk Management is here: to transform how organizations approach resilience.

Resilience 59

Resilience Banking Strategic Vulnerability 59

Pure Storage

JULY 14, 2022

You should also consider technology risk management and configuration platforms like Ivanti Neurons to attain consistency across multiple cloud environments and help gain visibility into potential areas of misconfiguration or additional risk in cloud platforms.

Security 98

Security Backup Government Application 98

eBRP

JANUARY 14, 2025

Complementing these are Customer Service Continuity and Workforce Continuity Plans, guaranteeing that customer-facing functions and workforce well-being remain priorities during outages or emergencies. The Vendor Third-Party Risk Management (3PRM) Plan governs external dependencies by assessing partners risk profiles and reliability.

Resilience 52

Resilience BCM Response Plan Disaster Recovery 52

everbridge

OCTOBER 20, 2022

Takeda’s assessment revealed significant strengths in how quickly and effectively they can identify risks to employees, which was made possible by integrating their CEM platform with their badging and travel risk management systems.

Resilience 64

Resilience Crisis Management Travel Account Manager 64

Fusion Risk Management

MARCH 1, 2022

Risk leaders should be prepared to experience a spike in the number of attempted cyberattacks as unavoidable data security breaches spill over globally and impact your third parties directly. appeared first on Fusion Risk Management. So, what is the current reality related to the conflict in Ukraine?

Manufacturing 52

Manufacturing Logistics Transportation Vulnerability 52

Pure Storage

AUGUST 12, 2024

A recent Pure Storage survey found that 69% of organizations consider recovering from a cyber event to be fundamentally different from recovering from a “traditional” outage or disaster. The addition of privacy risk management, acknowledging that data protection extends beyond just keeping hackers at bay. Why NIST 2.0

Cybersecurity 52

Cybersecurity Audit Evaluation Authentication 52

Fusion Risk Management

SEPTEMBER 14, 2023

The Importance of Incident Management within DORA Incident management should encompass everything from the moment that an outage is detected all the way through to recovery: a complete end-to-end strategy. Economic impact – What are the direct and indirect costs associated with the outage?

Management 59

Management Authorization Outage Resilience 59

Zerto

DECEMBER 5, 2023

The Digital Operational Resilience Act (DORA) is a new regulation that creates a binding, comprehensive information and communication technology (ICT) risk management framework for the European Union (EU) financial sector. What Is DORA?

Banking 52

Banking Disaster Recovery Outage Application 52

MHA Consulting

DECEMBER 8, 2022

Some organizations we work with utilize their incident management team whenever there is a potential issue or non-DR outage. They often tell us something like, “By the way, we activated our incident management team due to X outage.” However, BC planning can also benefit day-to-day operations and non-BCP projects.

BCM 52

BCM Impact Analysis Outage Disaster Recovery 52

Reciprocity

SEPTEMBER 30, 2022

Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management? Notes on Vendor Access et. Access to PII.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

MHA Consulting

JUNE 1, 2023

The threat of utility or network outages. Threats posed by cyberattacks: ransomware, data theft, and the rest. Threats affecting access to one’s facilities caused by road construction, accident, or political unrest.

All-Hazards 98

All-Hazards Hazard Business Continuity Mitigation 98

Solutions Review

MARCH 16, 2022

PMI Risk Management Professional (PMI-RMP). Description: This course allows you to validate your knowledge of identification and assessment of the project risks, mitigation of the threats, and opportunities enhancement with PMI Risk Management Professional (PMI-RMP) certification. Go to training. Go to training.

Backup 52

Backup Disaster Recovery Risk Management Cybersecurity 52