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 88

Risk Management Management Acceptable Risk Mitigation 88

IT Governance BC

JANUARY 12, 2021

Cyber security risk assessments are essential for organisations to protect themselves from malicious attacks and data breaches. After all, it’s only once you’re aware of the ways you’re vulnerable that you can put appropriate defences in place. But what exactly does a risk assessment do?

Security 91

Security Acceptable Risk Vulnerability Business Continuity 91

MHA Consulting

FEBRUARY 23, 2023

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. Unfortunately, many companies do not get their money’s worth when it comes to implementing risk mitigation controls. I wish it were true.

Mitigation 83

Mitigation Authorization Risk Management Vulnerability 83

MHA Consulting

AUGUST 3, 2023

(Sometimes the potential consequences of a given risk are too small to worry about.) Rather, we do it as a starting point for conducting a cost/benefit analysis of each risk and ultimately applying one of the four main risk mitigation strategies: risk acceptance, risk avoidance, risk limitation, or risk transfer.

Risk Management 75

Risk Management Management Strategic Mitigation 75

MHA Consulting

MARCH 2, 2023

A related but higher level concept is that of risk mitigation strategies. There are four main risk mitigation strategies: Risk acceptance. A strategy involving a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Risk avoidance. Risk limitation.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

MHA Consulting

FEBRUARY 9, 2023

There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Risk avoidance: Altering organizational behavior to eliminate a given risk.

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

MHA Consulting

OCTOBER 19, 2022

I included MHA’s definitions of the strategies last time in my post on enterprise risk management. In case you missed it, here they are again: Risk acceptance is a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. It should become a part of the company culture.

Risk Management 52

Risk Management Management Mitigation Business Continuity 52