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Getting Started with Enterprise Risk Management

MHA Consulting

Enterprise Risk Management is the activity of identifying and mitigating the hazards that threaten an organization (definition from Strong Language: The MHA Glossary of Essential Business Continuity Terminology , available for free download with registration). ERM provides a framework for doing this in a systematic, results-oriented fashion.

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Staying Prepared for an Approaching Storm

Disaster Recovery

Purchase insurance for your property, including coverage that protects against flood damage. for safety hazards. Have accredited animal authorities inspect the premises for stray animals, venomous snakes and so on. Repair damaged sewages as soon as possible to avert health hazards. Pre-Storm Preparation.

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5 Steps To Developing A Corporate Compliance Program

Reciprocity

You must assess the efficacy of your company’s compliance program and identify potential hazards. With role-based authorizations, individuals within your organization can access the compliance information they need to assure that your compliance controls, policies, and procedures are working as intended.

Audit 52
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The Different Types of Risk Assessment Methodologies

Reciprocity

After identifying hazards and vulnerabilities, consider how they are harmful and the possible outcomes. The assessments should always include all potential hazards and new risks. A cyber assessment of technical safeguards confirms system security functionality is up to par and access controls are limited to authorized users.

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Third-Party Due Diligence Best Practices

Reciprocity

The European Union (EU) established this rule in 2018 to guarantee the privacy of EU people, and it compels enterprises to notify authorities of certain types of personal data breaches within a set timeframe. For example, your human resource department possibly links to healthcare insurance providers using a web-based application.

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What is Business Continuity?

Erwood Group

One client recently obtained a $500 Million dollar increase in insurance coverage with zero increase in premium costs. This was done based on the Business Continuity Plans and Program developed after meeting with the insurance providers and providing details of the program and progress made. If not, who does? What does that look like?

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A Resilience Charter

Emergency Planning

Safety’ refers to protection against major hazards such as storms, floods and industrial explosions. Civil protection must be developed at the local authority level, coordinated regionally and harmonised nationally. Security’ involves protection against major threats, such as terrorist activity. Plans should be networked. Foresight 6.1