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3 Ways to Drive Value within Your Third-Party Risk Management Program and Beyond

Fusion Risk Management

A ccording to Deloitte’s global third party risk management survey 2022 , 73% of respondents reported having a high level of dependency on third parties – a nd that reliance is predicted to continuously increase which , in turn, means ongoing related challenges.

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Mitigating the Impact of Severe Weather

everbridge

It was the largest fire in the nation [at the time],” said Technical Account Manager Sarah Batmale at Everbridge. By assessing severe weather risk, organizations and governments can better mitigate the impact a severe weather event has, creating a more robust approach to layered severe weather emergencies.

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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.

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Taking it Back to the Basics with Risk Assessments

Fusion Risk Management

If you are trying to break down the silos within your organization, are interested in learning more about risk management , or just need a refresher, the risk assessment process is a great place to start. If that is the case, developing and implementing controls to mitigate or eliminate the risk is crucial.

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The Benefits that Actionable Risk Intelligence Provides to Your Extended Enterprise

Fusion Risk Management

Is Risk Intelligence Necessary? Following the compounding crises that have taken place over the last few years, I think we can all agree that a strong third-party risk management (TPRM) program foundation is critical for effective identification of inherent and imposed risks.

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Geopolitics, regulations, and resilience

Fusion Risk Management

They also emphasize the need for organizations to strengthen their business continuity (BC) and operational resilience programs as well as prioritize agility to mitigate emerging threats and ensure compliance with global regulatory mandates. Another U.S.

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The Importance of Building a Culture of Trust and Compliance

Fusion Risk Management

Want more information on how to keep your organization safe from disruption caused by ineffective risk management ? Watch the replay of our most recent webinar titled Enabling Resilience Through Proactive Risk Mitigation.