Remove Hospitality Remove Insurance Remove Mitigation Remove Pandemic
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Ensuring Healthcare Resilience: The Critical Role of Business Continuity

Erwood Group

These events can range from natural disasters and pandemics to technological failures and other disruptions that might threaten the normal functioning of healthcare facilities. Disruptions can lead to financial losses, especially if billing processes are impacted, insurance claims are delayed, or operational inefficiencies arise.

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Risk Assessment vs Risk Analysis

Reciprocity

Risk can be affected by numerous external factors, including natural disasters, global pandemics, raw material prices, increased levels of competition, or changes to current government regulations. A risk analysis is conducted for each identified risk, and security controls are pinpointed to mitigate or avoid these threats.

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The Colonial Pipeline Hack: Failure in Risk Management

LogisManager

In recent years, these attacks have affected everyone from banks and hospitals to universities and municipalities; almost 2,400 organizations in the United States were victimized last year alone. The less prepared you are when responding to an incident, the more likely you’ll be forced into paying ransom. Data Governance.

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The Difference Between Strategic and Operational Risk

Reciprocity

Understanding these risks can improve business practices and decision-making, and allow risk managers to implement wise risk mitigation and management controls. As a result, organizations leveraging ERM are better prepared for risk control and know which risks can be mitigated or accepted. Risk measurement and mitigation.

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What Does a Compliance Management System Look Like?

Reciprocity

The Federal Deposit Insurance Corp. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. The board sets the business objectives for your organization to manage and mitigate risks. FDIC), a primary U.S. Let’s look at several examples. Compliance Program.