article thumbnail

How to Offload Your Risk to a Third Party

MHA Consulting

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. Companies often hire third parties to take on activities that are outside their core competencies, freeing them to do what they do best.

article thumbnail

Securing Mass Gathering Events: A Simple Design Framework That Considers the Air Domain

Security Industry Association

Look no further than Astroworld or the July 4, 2022, shooting in Highland Park, Illinois , to exemplify the clear need for active planning beyond the mere logistics of taking an event from idea to reality. Where people gather and the energy and excitement rise, it is always possible for accidents or deliberate acts to occur.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Risks that Manufacturing Firms are Facing and the Impact that Follows

Fusion Risk Management

Additionally, operating in a global environment leaves manufacturers vulnerable to the results of geopolitical tensions. Additionally, the labor shortage affects logistics; of note, trucking jobs have increased 30% from pre-pandemic levels, but there still remains a shortage of some 80,000 drivers nationwide.

article thumbnail

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.

article thumbnail

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. Furthermore, hackers have been known to gain access to device cameras in the home to track activity and gather information.

article thumbnail

The New Normal

BCP Builder

Sustained IT or communications system failure’ Depending on the organization I might have a 4th such as with universities I include ‘loss of research’ or ‘loss of xx (product)’ which could be due to logistics, finance, mechanical failure (such as a production line failure). This will surely change.

BCP 52
article thumbnail

The New Normal

BCP Builder

Sustained IT or communications system failure’ Depending on the organization I might have a 4th such as with universities I include ‘loss of research’ or ‘loss of xx (product)’ which could be due to logistics, finance, mechanical failure (such as a production line failure). Value of Preparedness.

BCP 52