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Strategies for Digital Risk Protection

Reciprocity

More specifically, within digital risk management are the active measures that businesses can take to protect their assets: digital risk protection. DRP is the active piece of the cybersecurity puzzle, and is an imperative for every organization. What is Digital Risk Protection? Technology. Compliance.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Passing or sharing the risk via insurance, joint venture, or another arrangement. Any organization can benefit from ISO 31000 regardless of size, activity, or sector. Identified risks are analyzed to assess both their likelihood and hazard potential. Those responses to risk include: Acceptance of a risk. Risk Assessment.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures. Risk Assessment. Risk Response.

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5 Steps To Developing A Corporate Compliance Program

Reciprocity

Include a method for workers to report compliance problems and fraudulent or illegal activities anonymously and without fear of reprisal. You must assess the efficacy of your company’s compliance program and identify potential hazards. Set up a mechanism for monitoring and auditing.

Audit 52
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What is Business Continuity?

Erwood Group

While business continuity is often looked at as a cost center in that it doesn’t directly attribute revenue to the business, it is an extremely important activity that reduces potential and real losses in revenue in several ways. Location of any hazards or hazardous materials on site. It also reduces costs.

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Everything You Need to Know About Business Continuity Plans

Erwood Group

Plan Activation. Insurance Contact Information. Recovery Team Activation. This should also outline the specific activities of the plan including: Detailing the departments and/or functional areas the plan covers and calling out the specific supporting processes that role up into the function. Plan Activation.

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A Resilience Charter

Emergency Planning

Disaster’ refers to an event that causes damage, destruction, interruption of services and important activities, and possibly casualties. Safety’ refers to protection against major hazards such as storms, floods and industrial explosions. Security’ involves protection against major threats, such as terrorist activity.