MHA Consulting

AUGUST 24, 2023

It’s not about eliminating risk completely but managing it in a rational, informed way. Because the organization and environment inevitably change over time, managing risk is a task that’s never done. It’s a permanent ongoing activity. The operational areas that risk management is concerned are broad and varied.

Risk Management 90

Risk Management BCM Management All-Hazards 90

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 91

Risk Management Management Acceptable Risk Mitigation 91

MHA Consulting

FEBRUARY 9, 2023

. · Risk avoidance: Altering organizational behavior to eliminate a given risk. Risk limitation: Taking measures to reduce risk, short of completely eliminating it. Incorporates a combination of the strategies of risk avoidance and risk acceptance. 2) Is the vendor resilient?

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

MHA Consulting

AUGUST 3, 2023

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains. For more on those strategies, click here and here.)

Risk Management 75

Risk Management Management Strategic Mitigation 75

MHA Consulting

FEBRUARY 23, 2023

This is so whether the company is applying some combination of the four main risk mitigation strategies (risk acceptance, risk avoidance, risk reduction, and risk transfer) or implementing such specific measures as installing a backup power generator or requiring the use of secure VPNs.

Mitigation 83

Mitigation Authorization Risk Management Vulnerability 83

BCP Builder

FEBRUARY 1, 2024

Business Continuity Management risk is a sub domain of Enterprise Risk Management, like Information Security Risk Management or Health and Safety Risk Management. The Business Impact Analysis pulls from the Enterprise Risk Management process, the Business Continuity Plan is a series of contingency actions.

Risk Management 52

Risk Management Business Continuity All-Hazards Management 52

Reciprocity

SEPTEMBER 23, 2022

SOC 2 and ISO 27001 complement each other by giving you a strategy for securing your information landscape and for demonstrating the security of your environment. Designed by the International Standards Organization (ISO), ISO 27001 spells out industry standards for an information security management system (ISMS).

Audit 52

Audit Accreditation Acceptable Risk Security 52