article thumbnail

Know Your Risk: Managing an Expanding Universe of Uncertainty

Fusion Risk Management

Risk management is typically discussed under two categories: Governance, Risk, and Compliance (GRC) or Integrated Risk Management (IRM). Now that we have established a baseline around industry concepts, some risk perspectives have become center stage in the past few years. Strategic risk.

article thumbnail

Third-Party Risk Management 101

Fusion Risk Management

In today’s world, where we have seen massive supply chain disruptions, data breaches, enforcement actions, and a stunning series of customer failures, the world of third-party risk management (TPRM) has never been under more scrutiny. Let’s examine what third-party risk management means. Risk Assessment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Risk Management?

LogisManager

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?

article thumbnail

Risk Management: Is Your Strategy Keeping Pace?

On Solve

Staying ahead of it all requires thorough risk management. Yet when it comes to both existing and burgeoning risk, the majority of organizations are not adequately informed, let alone prepared. On top of that, respondents indicated they expect a 122 percent increase in optimized risk management strategies in the next 18 months.

article thumbnail

The Importance of Customer Care at Fusion

Fusion Risk Management

Professionals Services also provides strategic guidance along the way related to alignment with industry best practices and regulatory guidelines, and they make recommendations that enable the solution to grow with the client. They also work with the client to identify strategic opportunities to maximize their investment with Fusion.

article thumbnail

What to Expect in Business Continuity Employment for the Last Half of 2021

Castellan

Among the top path leading respondents to business continuity are: Management: 21% IT-Operations: 18% Program management: 18% Operations: 17% Business process improvement: 16% IT-Systems: 16% Risk management-operational: 14% Business analyst: 14% Administrative: 13% Consultant: 13%.

article thumbnail

Business, Interrupted: The Resilience Movement and the New Normal for Business Continuity

Castellan

Risk analysis and continuous risk management will also play important roles, as well as prioritizing risk management and risk response. Now is the time to move beyond those traditional incident-response practices for continuity toward a strategic play that includes resilience as a focus.