Remove Alert Remove Insurance Remove Retail Remove Vulnerability
article thumbnail

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Passing or sharing the risk via insurance, joint venture, or another arrangement. Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size. Prevention or termination of a risk.

article thumbnail

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. Step 2: Assess the Risks.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Choosing a Governance Risk and Compliance Tool: Constant Vigilance

Reciprocity

A GRC tool displays all relevant GRC information (such as audit results, risk assessments, vulnerability scans, and penetration tests) in one place and in a user-friendly format, making it easy to share and take appropriate action. Centralized Policies, Controls, and Results. Improved Coordination. Automated Incident Management.

article thumbnail

Year in Review: Key Trends in Critical Event Management

everbridge

Lessons Learned: Exploration of Cybersecurity Vulnerabilities: In 2023, a surge in cyberattacks exposed vulnerabilities across various sectors. These incidents highlighted the vulnerability of such systems to cyber threats, necessitating urgent security enhancements.