MHA Consulting

MARCH 30, 2023

ERM is concerned with identifying and evaluating all the risks facing the company, including but not limited to those pertaining to finance, insurance, third-party vendors, and operations. This is a clash both of goals and temperament. There is no such clash between ERM and BCM; they are natural allies.

BCM 88

BCM Risk Management Business Continuity Strategic 88

MHA Consulting

MARCH 2, 2023

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. Residual risk is the amount of risk that remains in an activity after mitigation controls are applied.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

MHA Consulting

FEBRUARY 16, 2023

Crisis management is one of the four main business continuity areas (the others are program administration, business recovery, and IT disaster recovery) and it has four priorities: protecting life safety, stabilizing the incident, preserving property, and restoring the business. Training and awareness. Training and awareness.

Crisis Management 81

Crisis Management Strategic BCM Management 81

Stratogrid Advisory

JANUARY 6, 2019

Insurance companies assess risks to determine the insurance premiums they will charge. Correctly determining the risks facing your organization is the cornerstone of creating relevant business continuity plans, IT disaster recovery plans , emergency response and any other incident or crisis-related plans.

Impact Analysis 52

Impact Analysis BCM Continuity Planning BCP 52

Stratogrid Advisory

JANUARY 6, 2019

Insurance companies assess risks to determine the insurance premiums they will charge. Correctly determining the risks facing your organization is the cornerstone of creating relevant business continuity plans, IT disaster recovery plans , emergency response and any other incident or crisis-related plans. 18 Articles.

Impact Analysis 52

Impact Analysis BCM Continuity Planning BCP 52

Pure Storage

MARCH 21, 2022

Collecting and analyzing evidence of malicious network activity. IT is critical both before and after a security event and will be actively involved in all phases of the emergency response plan, including: Preparation: Mapping out IT assets, data, devices, and users within the IT ecosystem. Giving testimony at legal proceedings.

Emergency Response 105

Emergency Response Emergency Response Backup Outsourcing 105

Stratogrid Advisory

APRIL 12, 2020

non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.) The implementation of the BCM Program might require the involvement of consultants in function/process or process documentation, which could be outside of the typical BCM program implementation process activities.

Continuity Planning 52

Continuity Planning Business Continuity BCM Disaster Recovery 52

Stratogrid Advisory

APRIL 12, 2020

non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.) The implementation of the BCM Program might require the involvement of consultants in function/process or process documentation, which could be outside of the typical BCM program implementation process activities.

Continuity Planning 52

Continuity Planning Business Continuity BCM Disaster Recovery 52

Solutions Review

JUNE 16, 2023

A majority of information that is backed up from that data lake requires only 30 days of retention for operational recoveries, but the data lake may also contain health records that need to be retained for 6 years to comply with the Health Insurance Portability and Accountability Act (HIPAA).

Resilience 52

Resilience Backup Architecture Cybersecurity 52

Pure Storage

MARCH 21, 2024

2024 has already seen ransomware gangs targeting health insurance and services companies and profiting from their exploits. This activity is not unexpected. Take a future-forward approach to disaster recovery Tiered backup architectures are needed now more than ever to meet the diverse backup and recovery needs of today’s businesses.

Healthcare 52

Healthcare Architecture Hospitality Cybersecurity 52

Risk Management Monitor

JUNE 9, 2023

” In total, there are 425 active fires throughout Canada, according to Canadian Interagency Forest Fire Centre , and 232 are considered out of control. . “Right now, with the manpower we have, we can fight about 40 fires at the same time,” said Francois Legault, premier of Quebec, in an interview with Reuters.

Disaster Preparedness 40

Disaster Preparedness Sports All-Hazards Alert 40

Solutions Review

MARCH 31, 2022

Here are a few best practices to consider when implementing a strong data protection strategy: Implement an Active Threat and Vulnerability Management Program. The post World Backup Day: Four Data Protection Best Practices to Know appeared first on Best Backup and Disaster Recovery Tools, Software, Solutions & Vendors.

Backup 52

Backup Cybersecurity Architecture Resilience 52

Erwood Group

OCTOBER 27, 2020

Not just during an activation of the plan itself, which may keep the business from suffering substantial losses, but even during times of normal business operations. The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance.

Business Continuity 59

Business Continuity Continuity Planning Insurance Insurance 59

Reciprocity

MARCH 24, 2022

Emerging businesses that are just starting or organizations with no established vendor risk management activities. Initial vision and ad hoc activity. The organization is considering how to implement third-party risk activities, or third-party risk management operations are carried out on an as-needed basis.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Pure Storage

OCTOBER 27, 2021

This is where you’ll put the disaster recovery plan you’ve created into action and take steps to minimize damage. Once in your environment, attackers will identify key systems, including critical infrastructures like Active Directory, DNS, backup, and primary storage systems. Move to your staged recovery environment.

Disaster Recovery 52

Disaster Recovery Backup Authorization Emergency Response 52

Assurance IT

JUNE 3, 2021

These are purchase histories or internet activity. Attackers try and trick victims into providing sensitive information like login details, credit card information or social insurance numbers. AIT are offering easy disaster recovery solutions. When this happens, the system is now open to all attacks.

Vulnerability 52

Vulnerability Disaster Recovery Insurance Insurance 52

LogisManager

OCTOBER 12, 2021

However, risk management is an umbrella term that accounts for a number of more granular activities. Let’s examine risk management as the sum of the following parts: Enterprise Risk Management (ERM) : Effectively assessing , mitigating and monitoring activities as you uncover critical risks across your entire enterprise.

Risk Management 52

Risk Management Management Insurance Insurance 52

Disaster Recovery

JULY 12, 2019

Response measures are effective when activated and executed promptly and without delay. Purchase insurance for your property, including coverage that protects against flood damage. Claim insurance for damage to your residence. Pre-Storm Preparation. Test the working of generators with sufficient loads. Medication and first aid.

All-Hazards 40

All-Hazards Apparel Accreditation Transportation 40

Solutions Review

SEPTEMBER 9, 2021

Additionally, users can utilize continuous control monitoring and self-assessments to report on their risk posture and activity in near real-time. The post The Best Risk Management Software to Consider for 2021 and Beyond appeared first on Best Backup and Disaster Recovery Tools, Software, Solutions & Vendors.

Risk Management 98

Risk Management Management Audit Hospitality 98

Fusion Risk Management

JULY 29, 2021

Murphy shared a story about a customer that replaced multiple programs across resilience, crisis management , insurance, and IT disaster recovery with one approach that tied everything together with the branded hashtag “#WeGotThis”.

Risk Management 52

Risk Management Management Crisis Management Communications 52

Solutions Review

SEPTEMBER 14, 2021

This is what I call risk management 1 – risk management for external stakeholders (Board, auditors, regulators, government, credit rating agencies, insurance companies and banks). Description: Risk—and risk management—is an inescapable part of economic activity. None of these things have anything to do with proper risk management.

Risk Management 98

Risk Management Management Government Vulnerability 98

BCP Builder

APRIL 20, 2020

Rather than just Main-Site to DR-Site switchover testing, the Disaster Recovery Plan will also need to include regular work from home testing. I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. This will surely change. 2) what action to take if staff are sick.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

BCP Builder

APRIL 20, 2020

Rather than just Main-Site to DR-Site switchover testing, the Disaster Recovery Plan will also need to include regular work from home testing. I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. This will surely change. 2) what action to take if staff are sick.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

Disaster Recovery Journal

AUGUST 5, 2020

The investigation and cleanup activities forced changes in business operations. The law practice did not have a formal business continuity or disaster recovery plan. The firm had an advantage in understanding the legal frustrations surrounding insurance claims, city investigations, and client services.

Business Continuity 130

Business Continuity Disaster Recovery Continuity Planning Technology 130

NexusTek

FEBRUARY 8, 2023

Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme. Should threat actors navigate past these barriers, solutions that can detect malicious activity and limit access within your network (e.g.,

Cybersecurity 98

Cybersecurity Backup Authentication Insurance 98

Solutions Review

MARCH 31, 2023

As part of Solutions Review’s ongoing coverage of the enterprise storage, data protection, and backup and disaster recovery markets, lead editor Tim King offers this nearly 7,000-word resource. However, backups fail to provide protection from data theft with no chance of recovery.

Backup 119

Backup Disaster Recovery Application Security 119

MHA Consulting

MARCH 21, 2024

A company called Change Healthcare, which is the largest electronic clearinghouse for medical insurance payments in the country, was struck by hackers who stole patient data and encrypted company files, demanding payment to unlock them. health care system in American history.” Data breaches generally do not affect day-to-day operations.

Healthcare 52

Healthcare Hospitality Resilience Insurance 52

Reciprocity

SEPTEMBER 30, 2022

And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety. Vendor Due Diligence.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Erwood Group

JULY 12, 2022

NOTE: DRII takes this definition from the Business Continuity Institute BCI and Disaster Recovery Journal DRJ. Plan Activation. Insurance Contact Information. Critical Recovery Timelines. Recovery Team Activation. Recovery Strategies & Steps. Business Continuity Statement. Assumptions.

Continuity Planning 114

Continuity Planning Business Continuity BCP Disaster Recovery 114

Fusion Risk Management

MARCH 8, 2023

involved Throughout the session, the Q&A aspect was very active, with much engagement and participation from Fusion’s product and product marketing teams as well as various other clients who were interested in learning more details about how our guest speaker utilizes Fusion’s dashboards and Advanced Reporting functionality.

Financial Services 52

Financial Services Risk Management Application Resilience 52

Erwood Group

JULY 7, 2022

Now that we know that business continuity in its simplest form, is disaster preparedness for business; we need to discuss more how as a business we properly prepare for disasters and disruptions. One client recently obtained a $500 Million dollar increase in insurance coverage with zero increase in premium costs.

Business Continuity 52

Business Continuity Impact Analysis Continuity Planning Communications 52

Risk Management Monitor

NOVEMBER 9, 2022

Once the property is deemed safe by local officials, specially trained recovery teams in appropriate personal protective equipment can help assess the damage and work with management to implement an action plan to safely get your business back up and running. Preparing for the Future.

All-Hazards 40

All-Hazards Hazard Insurance Insurance 40

Risk Management Monitor

SEPTEMBER 30, 2022

While it is too early for complete estimates, ratings agency DBRS Morningstar projected the insured losses may fall in the range of $300 million to $700 million. According to Patrick Douville, DBRS’s vice president of insurance, “ Fiona will likely be one of the largest catastrophic events in history for Atlantic Canada.”.

Insurance 75

Insurance Insurance Disaster Recovery Risk Management 75

Solutions Review

DECEMBER 13, 2022

Data bias in machine learning models is one of the hottest topics in the AI industry for good reason; an AI model that rejects loan applications or increases insurance premiums for the wrong reasons will have a very deleterious effect. However, there is a lot of debate about whether those changes will be for the good.

Backup 98

Backup Application Government Security 98

Stratogrid Advisory

JUNE 3, 2020

The BCM program contains three distinct implementation phases; its activities are outlined in the table below. The BCM program contains three distinct implementation phases; its activities are outlined in the table below.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

Stratogrid Advisory

JUNE 3, 2020

Section 7 - IT Disaster Recovery Plan. 7 – IT Disaster Recovery Plan. 7 – IT Disaster Recovery Plan. 7 – IT Disaster Recovery Plan. 7 – IT Disaster Recovery Plan. 7 – IT Disaster Recovery Plan. 7 – IT Disaster Recovery Plan.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Data recovery should be a key focus around Data Privacy Week 2024, knowing that it’s still a major concern as only 13 percent of organizations say they can successfully recover during a disaster recovery situation.

Authentication 142

Authentication Cybersecurity Security Government 142