Remove BCM Remove Disaster Recovery Remove Insurance Remove Vulnerability
article thumbnail

The Industrial Revolution v4.1: with increased opportunity comes increased vulnerability

SRM

also brings an increased level of vulnerability. Disaster Recovery : taking a strategic approach to managing staff in the event of a successful attack, minimising damage to brand reputation and safeguarding the interests of key stakeholders; 3. Yet the Industrial Revolution v4.1 Penetration testing: man vs machine.

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. The Promise and Pitfalls of Insurance Insurance is the most frequently used and easiest method of risk transference.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. The implementation of a Business Continuity Management (BCM) Program can be a complicated and lengthy process, which directly depends on the organization's size and complexity.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. Section 2 - Business Continuity Management (BCM) Program Implementation. Section 7 - IT Disaster Recovery Plan. Section 9 - BCM Program Maintenance. 9 – BCM Program Maintenance.

article thumbnail

Healthcare Under Attack: Building Resilience in the Face of an Aggressive Cyber Threat

MHA Consulting

Healthcare organizations are uniquely vulnerable to hackers and are subject to more than their share of cyberattacks. Ensuring that the needed advance coordination has taken place with relevant teams such as public relations, legal, insurance, and communications. health care system in American history.โ€

article thumbnail

The Ultimate Guide to Residual Riskย ย 

MHA Consulting

A strategy involving a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. The most vulnerable areas tend to be electrical power, data backups, and network connectivity. A related but higher level concept is that of risk mitigation strategies. Risk avoidance. Risk limitation.

article thumbnail

How a Risk Maturity Model Can Increase Your Companyโ€™s Resilience

MHA Consulting

A mature risk model has the ability to gather data on risks from across the organization, bubble it up to the senior levels, and boil it down to the handful of areas that are both highly critical and highly vulnerable. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease.