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How to Offload Your Risk to a Third Party

MHA Consulting

These definitions are taken from our recent free ebook, Strong Language: The MHA Guide to Essential Business Continuity Terminology. There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity.

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What is the difference between a disaster recovery plan and a business continuity plan?

SRM

Both a disaster recovery plan and a business continuity plan are critical elements of good security. One of the most common queries we receive from businesses looking to gain a better understanding of information security is, “What is the difference between a Disaster Recover plan and a Business Continuity plan.”

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Product Recall: A Checklist of Actions

Plan B Consulting

I do not claim to be an expert in the finer processes of a product recall, but some of the issues associated with product recalls are very similar to those associated with crisis management or business continuity. There is the old adage in business continuity that “you can outsource the activity, but not the risk”.

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Product Recall: A Checklist of Actions

Plan B Consulting

I do not claim to be an expert in the finer processes of a product recall, but some of the issues associated with product recalls are very similar to those associated with crisis management or business continuity. There is the old adage in business continuity that “you can outsource the activity, but not the risk”.

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Product Recall: A Checklist of Actions

Plan B Consulting

I do not claim to be an expert in the finer processes of a product recall, but some of the issues associated with product recalls are very similar to those associated with crisis management or business continuity. There is the old adage in business continuity that “you can outsource the activity, but not the risk”.