Remove Authorization Remove Mitigation Remove Response Plan Remove Travel
article thumbnail

Ensuring Operational Resilience Amidst Geopolitical Events

Fusion Risk Management

Crisis and Incident Response Geopolitical events often necessitate the activation of emergency response and crisis response plans. Collaboration with these entities ensures a coordinated and effective response, enhancing the organization’s ability to mitigate risks as well as protect its employees and operations.

article thumbnail

Internal Controls & Fraud Prevention

Reciprocity

So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? For example, all activities related to financial record-keeping, authorization, reconciliations, and reviews should be divided among different employees. Internal auditors can also search for fraud and mitigate potential damages.

Audit 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Dynamic Risks: Working Definitions and Implications for Risk Management Teams

On Solve

As our OnSolve leadership team reflects on 2020 and 2021, we note a trend in our conversations with Business Continuity (BC), Enterprise Risk Management (ERM), Physical Security (PS), Travel Risk Management (TRM) and Supply Chain Risk Management (SCRM) leaders. Travel Risk Management. Many risks are unrelated. New Framework for ERM.

article thumbnail

Expect the Unexpected: Looking Back on Season Two of Business, Interrupted

Castellan

It’s got to be muscle memory, and you’ve got to have the right incident response plan. We had to instill confidence in the traveling public and so we did that through the strategic plans,” he recalled. “We We did that through all of our mitigation efforts. We did that through all of our regular stakeholder calls.

article thumbnail

What The Pipeline Oil Ransomware Attack TAUGHT Us

Assurance IT

With a 5,500-mile-long pipeline that travels over 100 million gallons of gasoline from state to state, it instantly closed due to the impact of the attack. The company called in third-party cybersecurity authorities. Reports are claiming that the DarkSide ransomware group is responsible for the attack. It shut down operations.

article thumbnail

Business Continuity – The Future?

Plan B Consulting

So, for our business continuity managers there are lots of threats to plan for, mitigate and prepare the organisation’s response to. Many organisations, especially those in oil and gas, manufacturing and transport industries, have emergency response plans in place.

article thumbnail

Business Continuity – The Future?

Plan B Consulting

So, for our business continuity managers there are lots of threats to plan for, mitigate and prepare the organisation’s response to. Many organisations, especially those in oil and gas, manufacturing and transport industries, have emergency response plans in place.