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How to Offload Your Risk to a Third Party

MHA Consulting

Risk transference is one of the four main strategies organizations can use to mitigate risk. There are four main strategies for mitigating risk : ยท Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Related on MHA Consulting: Global Turmoil Making You Ill?

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The Future of Business Continuity: Innovations and Emerging Technologies

Erwood Group

The Future of Business Continuity The Future of Business Continuity: Innovations and Emerging Technologies In an era of rapid technological advancement, the landscape of business continuity is evolving, embracing innovations and emerging technologies to enhance resilience.

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Hurricane Season is Approaching ? Are You Prepared?

Fusion Risk Management

Business Continuity and IT Disaster Recovery Plans. Companies should be able to identify their critical business critical business functions and critical assets (typically identified by conducting a business impact assessment). Preparedness is Key. These include: 1. regardless of disruptions ?

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Common Misconceptions about Disaster

Emergency Planning

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.

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Dynamic Risks: Working Definitions and Implications for Risk Management Teams

On Solve

As our OnSolve leadership team reflects on 2020 and 2021, we note a trend in our conversations with Business Continuity (BC), Enterprise Risk Management (ERM), Physical Security (PS), Travel Risk Management (TRM) and Supply Chain Risk Management (SCRM) leaders. Activation of the Crisis Management Team (CMT). Active Phase.

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How to protect your data from cybercrime when working from home

SRM

In fact, the logistical challenges faced by larger companies and the greater number of devices being used makes managing risk a greater challenge. Thankfully, there are steps that can be taken to mitigate the risk of cyberattacks amongst remote working teams. Cover the basics.

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Navigating the Supply Chain Crisis

Risk Management Monitor

Extraordinary congestion at critical global ports, decreased availability of key raw materials and component parts, rising freight bills and an increasingly tight job market have all contributed to the need for companies to create an effective logistics risk management program. How Did We Get Here?