MHA Consulting

MARCH 2, 2023

Reducing risk is at the heart of everything we do as business continuity professionals. Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

MHA Consulting

MARCH 21, 2024

Healthcare organizations are uniquely vulnerable to hackers and are subject to more than their share of cyberattacks. Two Types of Attacks Looking at the issue of healthcare cybersecurity from the business continuity perspective, there are two types of attacks to consider: data breaches and ransomware attacks.

Healthcare 52

Healthcare Hospitality Resilience Insurance 52

IT Governance BC

FEBRUARY 12, 2019

Although share prices showed signs of recovery within a couple of days, more than £1 billion was wiped off the stock market value of the firm, as investors worried that retailers may be less keen to buy into the automated warehouse technology having seen that there is a potential vulnerability.*. Business continuity management.

Disaster Recovery 78

Disaster Recovery BCM Business Continuity Retail 78

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. These definitions are taken from our recent free ebook, Strong Language: The MHA Guide to Essential Business Continuity Terminology.

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

MHA Consulting

JANUARY 18, 2024

Most organizations recognize the importance of having a sound business continuity recovery plan, but many plans are undermined by the presence of overlooked weaknesses. Thinking of writing the document as the activity. These vulnerabilities should be identified and addressed in the BC plan. This goes back to No 1.

Outage 80

Outage Airlines Consulting Vulnerability 80

MHA Consulting

JUNE 1, 2023

But in our current period of an ever-expanding set of global threats, most organizations would benefit from developing a system for actively monitoring potential threats to their operations and assets. However, there is a case to be made that assessing threats on an annual basis is no longer sufficient.

All-Hazards 86

All-Hazards Hazard Business Continuity Mitigation 86

Castellan

SEPTEMBER 14, 2022

By understanding your impact tolerance, you can better understand the impact single points of failure and vulnerabilities could have on your organization. Impact tolerance is an important component of an operational resilience strategy. Tips to Set Impact Tolerance.

Resilience 52

Resilience Capacity Business Services Vulnerability 52

MHA Consulting

OCTOBER 19, 2022

It’s enough to make an organization leader or business continuity professional feel unwell. It’s certainly on mine, not only in my role as a business continuity consultant but also as a business owner and CEO. Ongoing mitigation is necessary because if you don’t take action, you remain vulnerable.

Risk Management 52

Risk Management Management Mitigation Business Continuity 52

Stratogrid Advisory

JANUARY 6, 2019

This article will address the importance of the Risk Assessment as a general business tool, as well as in the context of Business Continuity Planning. Unsurprisingly, a Risk Assessment is one of the most important components of Business Continuity Planning (BCP). What are the steps to assess risk?

Impact Analysis 52

Impact Analysis BCM Continuity Planning BCP 52

Stratogrid Advisory

JANUARY 6, 2019

This article will address the importance of the Risk Assessment as a general business tool, as well as in the context of Business Continuity Planning. Unsurprisingly, a Risk Assessment is one of the most important components of Business Continuity Planning (BCP). We all assess risks.

Impact Analysis 52

Impact Analysis BCM Continuity Planning BCP 52

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. Cameras are not pointed at all key areas and hence are unable to provide visual confirmation of the activities in the area. I wish it were true.

Mitigation 83

Mitigation Authorization Risk Management Vulnerability 83

MHA Consulting

MAY 25, 2023

Even companies that do not use AI tools are likely to be vulnerable because suppliers of theirs almost certainly do use them. A parallel potential exists in other activities that rely on AI, whether it’s analyzing x-rays, performing air traffic control, or scanning for bank fraud. However, the systems behind them are not infallible.

Risk Management 52

Risk Management Disaster Recovery Mitigation Consulting 52

MHA Consulting

JULY 20, 2023

One data access policy item that many organizations have found it advisable to adopt is one stating that employees can only use their work email address for work-related activities. They should specify how, where, and by whom digital resources can be used. Another issue that might be addressed is whether and when employees must use a VPN.

Government 72

Government Media Risk Management Vulnerability 72

Emergency Planning

MARCH 7, 2019

Whereas it is not possible to stop earthquakes, it is possible to construct anti-seismic buildings and to organize human activities in such a way as to minimize the risk of death. Activism is much more common than fatalism (this is the so-called "therapeutic community"). Reality: Survivors rapidly get to work on the clear-up.

Hospitality 130

Hospitality All-Hazards Risk Reduction Logistics 130