MHA Consulting

NOVEMBER 30, 2023

Instead, they should be developed in coordination with the cybersecurity department to ensure that recovery measures do not inadvertently create vulnerabilities that can be exploited by hackers. The best way to do this is by making sure business continuity is integrated into a robust information security governance framework.

Security 86

Security Outage Vulnerability Cybersecurity 86

MHA Consulting

JUNE 22, 2023

Business continuity professionals who want to make their organizations more resilient should make a conscious effort to become gap hunters. I agree—and in today’s blog I’m going to build on Michael’s post by laying out some of the common vulnerabilities I often see in working with clients of ours.

Vulnerability 85

Vulnerability Outage Capacity BCM 85

SRM

JULY 3, 2018

also brings an increased level of vulnerability. The latest report by Kapersky (2018) provides some statistics around the global cost of data breaches, revealing that the average business now spends 27 per cent of its IT budget on cyber defence. Or read more: The flaw in the plan: business continuity management.

Vulnerability 52

Vulnerability Cyber Resilience Disaster Recovery BCM 52

MHA Consulting

MARCH 2, 2023

Reducing risk is at the heart of everything we do as business continuity professionals. Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

IT Governance BC

FEBRUARY 12, 2019

Although share prices showed signs of recovery within a couple of days, more than £1 billion was wiped off the stock market value of the firm, as investors worried that retailers may be less keen to buy into the automated warehouse technology having seen that there is a potential vulnerability.*. Business continuity management.

Disaster Recovery 78

Disaster Recovery BCM Business Continuity Retail 78

MHA Consulting

JANUARY 18, 2024

Most organizations recognize the importance of having a sound business continuity recovery plan, but many plans are undermined by the presence of overlooked weaknesses. However, while it’s true that having a remote-capable workforce increases resilience in some ways, remote work has vulnerabilities of its own.

Outage 80

Outage Airlines Consulting Vulnerability 80

MHA Consulting

APRIL 20, 2023

The risk maturity model is a key component of business continuity. In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall.

Resilience 52

Resilience Risk Management Mitigation BCM 52

MHA Consulting

APRIL 20, 2023

The risk maturity model is a key component of business continuity. In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall.

Resilience 52

Resilience Risk Management Mitigation BCM 52

eBRP

MAY 17, 2018

Within Business Continuity circles there is ongoing debate about the relevance and role of Risk Assessment in developing a BCM program. Traditional, formalized Risk Assessment aims to identify the threats to which our organization is vulnerable. Next, the impact of the threat happening must be assessed.

BCM 52

BCM Response Plan Mitigation Vulnerability 52

MHA Consulting

JUNE 1, 2023

Related on MHA Consulting: Driving Blind: The Problem with Skipping the Threat and Risk Assessment The Need for Threat Intelligence Traditional business continuity methodology leans heavily on the threat and risk assessment or TRA, in which the organization identifies potential threats and ranks them in terms of likelihood and potential impact.

All-Hazards 86

All-Hazards Hazard Business Continuity Mitigation 86

Stratogrid Advisory

JANUARY 6, 2019

This article will address the importance of the Risk Assessment as a general business tool, as well as in the context of Business Continuity Planning. Unsurprisingly, a Risk Assessment is one of the most important components of Business Continuity Planning (BCP). What are the steps to assess risk?

Impact Analysis 52

Impact Analysis BCM Continuity Planning BCP 52

Stratogrid Advisory

JANUARY 6, 2019

This article will address the importance of the Risk Assessment as a general business tool, as well as in the context of Business Continuity Planning. Unsurprisingly, a Risk Assessment is one of the most important components of Business Continuity Planning (BCP). Business Continuity Management.

Impact Analysis 52

Impact Analysis BCM Continuity Planning BCP 52

MHA Consulting

FEBRUARY 23, 2023

Try a Dose of Risk Management As a business continuity professional, I tip my hat to any organization that makes a serious effort to reduce its risks. A haphazard approach to bolstering tech security can leave a host of vulnerabilities. Related on MHA Consulting: Global Turmoil Making You Ill? I wish it were true.

Mitigation 83

Mitigation Authorization Risk Management Vulnerability 83

MHA Consulting

NOVEMBER 3, 2022

Because technology is vulnerable to disruption—and disruptions are on the rise—every organization should devise manual workarounds for its critical business processes. The retro revolution in business continuity is about documenting, practicing, and/or rebuilding the ability to conduct critical business processes manually.

Outage 52

Outage BCM Internet Healthcare 52

MHA Consulting

FEBRUARY 9, 2023

There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. These definitions are taken from our recent free ebook, Strong Language: The MHA Guide to Essential Business Continuity Terminology.

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

MHA Consulting

JUNE 8, 2023

Read on for a list of a dozen business continuity practices that have fallen into disuse or are no longer recommended. Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The past twenty-five years have seen a lot of changes in the world especially as pertains to business.

BCM 87

BCM Business Continuity Disaster Recovery Internet 87

BCM METRICS

NOVEMBER 3, 2022

Because technology is vulnerable to disruption—and disruptions are on the rise—every organization should devise manual workarounds for its critical business processes. An Eye-Opening Exercise Earlier this week I did a two-hour mock disaster exercise with a healthcare client.

Internet 72

Internet Healthcare Outage Vulnerability 72

MHA Consulting

JANUARY 27, 2022

In fact, service providers are also vulnerable to vendor … The post What Service Providers Need to Know About Supply Chain Risk Management appeared first on MHA Consulting. Many service providers tune out talk about supply chain risk management since they think the issue only affects manufacturers and retailers.

Risk Management 75

Risk Management Retail Management Manufacturing 75

MHA Consulting

JUNE 15, 2023

Vulnerability management is the practice of identifying and mitigating the weaknesses in an organization’s people, processes, and technology. I like doing vulnerability assessments. I think vulnerability management is bigger than that. Identifying and mitigating such situations is what vulnerability management is all about.

Vulnerability 86

Vulnerability Management Mitigation Risk Management 86

MHA Consulting

MARCH 21, 2024

Healthcare organizations are uniquely vulnerable to hackers and are subject to more than their share of cyberattacks. Two Types of Attacks Looking at the issue of healthcare cybersecurity from the business continuity perspective, there are two types of attacks to consider: data breaches and ransomware attacks.

Healthcare 52

Healthcare Hospitality Resilience Insurance 52

Emergency Planning

MARCH 7, 2019

In addition, technology is a potential source of vulnerability as well as a means of reducing it. Myth 47: Business continuity management only applies to the private sector. There is thus no reason why BCM should not apply to public bodies. Reality: The problem of disasters is largely a social one. It is not so.

Hospitality 130

Hospitality All-Hazards Risk Reduction Logistics 130

MHA Consulting

AUGUST 3, 2023

In today’s post, we’ll lay out what these domains are, reveal which ones tend to get overlooked, and explain how knowing about the domains can help business continuity professionals reduce their organizations’ risks and bolster their resilience. Risk management is not one-size-fits all.

Risk Management 75

Risk Management Management Strategic Mitigation 75

MHA Consulting

OCTOBER 19, 2022

It’s enough to make an organization leader or business continuity professional feel unwell. It’s certainly on mine, not only in my role as a business continuity consultant but also as a business owner and CEO. Ongoing mitigation is necessary because if you don’t take action, you remain vulnerable.

Risk Management 52

Risk Management Management Mitigation Business Continuity 52

MHA Consulting

OCTOBER 26, 2023

IT/DR is the part of business continuity that deals with restoring computing systems, applications, and data following a disruption.) Factors such as hybrid setups, Software as a Service connections, and the vulnerability of cloud-services providers make it essential for responsible organizations to develop comprehensive IT/DR plans.

Disaster Recovery 106

Disaster Recovery Outage BCM Application 106

Castellan

SEPTEMBER 14, 2022

By understanding your impact tolerance, you can better understand the impact single points of failure and vulnerabilities could have on your organization. Impact tolerance is an important component of an operational resilience strategy. Tips to Set Impact Tolerance.

Resilience 52

Resilience Capacity Business Services Vulnerability 52

MHA Consulting

MAY 25, 2023

Even companies that do not use AI tools are likely to be vulnerable because suppliers of theirs almost certainly do use them. How can you as a business continuity professional help protect your organization against these threats? A detailed discussion will have to wait.

Risk Management 52

Risk Management Disaster Recovery Mitigation Consulting 52

MHA Consulting

MAY 18, 2023

As a business continuity consultant, I dislike risk and spend half my time trying to get my clients to reduce their risks. Finally, look at the technology you depend on—everything you use to measure, manage, and monitor the business from a technical perspective.

Mitigation 92

Mitigation Risk Management Consulting BCM 92

MHA Consulting

JULY 20, 2023

Companies should also consider crafting policies that address employees’ digital hygiene, the goal being to reduce the organization’s vulnerability to cyberattack. Another issue that might be addressed is whether and when employees must use a VPN.

Government 72

Government Media Risk Management Vulnerability 72

Stratogrid Advisory

JUNE 3, 2020

Business Continuity Planning Guide for Smaller Organizations Last Updated on June 4, 2020 by Alex Jankovic Reading Time: 26 minutes We all live in an unpredictable world. We recognize that many business continuity planning terms and industry-leading methodologies can be foreign to your organization.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

Stratogrid Advisory

JUNE 3, 2020

Business Continuity Planning Guide for Smaller Organizations. We recognize that many business continuity planning terms and industry-leading methodologies can be foreign to your organization. It can be overwhelming if your organization has never implemented a robust business continuity program.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52