Erwood Group

JULY 12, 2022

Everything You Need to Know About Business Continuity Plans. Business Continuity Plans. Chances are if you’re visiting this page, you are new to the concept of Business Continuity Plans (BCPs) and business continuity overall. Definition of Business Continuity Plan.

Continuity Planning 114

Continuity Planning Business Continuity BCP Disaster Recovery 114

Erwood Group

JULY 7, 2022

What is Business Continuity. So, what is business continuity anyway? So, what is business continuity? Before I give you my answer, let me provide you with the definition from the National Fire Protection Agency (NFPA) 1600 (Which is their Business Continuity Standard). Risk Assessment.

Business Continuity 52

Business Continuity Impact Analysis Continuity Planning Communications 52

Erwood Group

OCTOBER 27, 2020

How Business Continuity Provides Value to A Business. There are many ways in which Business Continuity can provide a business with tremendous value. The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance.

Business Continuity 59

Business Continuity Continuity Planning Insurance Insurance 59

Reciprocity

MARCH 24, 2022

Vendor risk management (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. Third-party risk management begins with due diligence before signing a contract, as with any risk management program.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

MHA Consulting

FEBRUARY 15, 2024

An emerging hot topic in business continuity and risk management is the software known as a risk management information system (RMIS). For those for whom this is a new acronym, RMIS stands for risk management information system. Key features of an RMIS typically include: Risk Identification.

BCM 84

BCM Risk Management Mitigation Business Continuity 84

Stratogrid Advisory

MAY 11, 2020

Top reasons why Business Continuity Planning is ignored! The business is always busy, and because of this, it comes up with a myriad of justifications for ignoring Business Continuity Planning efforts. Top justifications why Business Continuity Plan is not implemented. Reading Time: 4 minutes.

Continuity Planning 52

Continuity Planning Business Continuity BCP BCM 52

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. That’s why insurance premiums are increasing exponentially for those organizations that cannot provide evidence of an effective ERM program that has strong controls and a robust Incident Response program. Business Continuity. Colonial Pipeline Hack: Introduction.

Risk Management 64

Risk Management Management Authentication Hospitality 64

MHA Consulting

FEBRUARY 9, 2023

Risk transference is one of the four main strategies organizations can use to mitigate risk. Try a Dose of Risk Management Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold. If you don’t have a copy, you should grab one.)

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

Fusion Risk Management

JULY 29, 2021

Getting people to care about protecting against things that seem unlikely is a constant challenge for many risk managers, but with branding and tailored communications that focus on storytelling, customer demand for your program can build.

Risk Management 52

Risk Management Management Crisis Management Communications 52

MHA Consulting

MARCH 30, 2023

Sometimes questions arise about the relationship between the business continuity management (BCM) team and the enterprise risk management (ERM) department. Everything BC does is about reducing risk; in this way its priorities dovetail with those of the risk management folks.

BCM 88

BCM Risk Management Business Continuity Strategic 88

Castellan

DECEMBER 1, 2021

The Need For Business Continuity Management All businesses face the threat of an unplanned business interruption. As a result, thousands of businesses large and small are crippled every year by unplanned business interruptions. If it’s not a plan, what’s the outcome?

Business Continuity 40

Business Continuity Management Activation Risk Management 40

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 are faced with many risks that can disrupt our livelihood and can jeopardize our existence.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

Stratogrid Advisory

JUNE 3, 2020

Business Continuity Planning Guide for Smaller Organizations. We are faced with many risks that can disrupt our livelihood and can jeopardize our existence. We recognize that many business continuity planning terms and industry-leading methodologies can be foreign to your organization. Section 3 - Risk Assessment.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

MHA Consulting

MARCH 23, 2023

FFIEC in our industry is best known for providing the business continuity management standard that U.S. However, of the five, the FFIEC Business Continuity Management booklet is widely regarded as the toughest and best. Going for the Gold FFIEC is the gold standard of business continuity standards.

BCM 74

BCM Impact Analysis Business Continuity Banking 74

everbridge

MARCH 6, 2023

The current systems and solutions in place for managing climate hazards are often inadequate, and the reliance on traditional insurance has become insufficient. The Insufficiency of Traditional Insurance Organizations often rely on insurance providers to provide protection against the impacts of extreme weather events.

Resilience 52

Resilience All-Hazards Command Center Insurance 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

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

Fusion Risk Management

SEPTEMBER 12, 2022

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Ability to Procure Cyber Insurance.

Resilience 52

Resilience Insurance Insurance Audit 52

MHA Consulting

MARCH 2, 2023

Reducing risk is at the heart of everything we do as business continuity professionals. This week’s blog post will spell out the key concepts relating to this all-important goal; call it “The Ultimate Guide to Residual Risk.” Inherent risk is the danger intrinsic to any business activity or operation.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

Risk Management Monitor

MARCH 4, 2022

Concerns about escalating cyber activity around the crisis are a vivid reminder of the importance of knowing your threat model and adjusting your risk management priorities accordingly. Evaluate and if possible, test your business continuity plans. and “How can we still work without any technology support?”.

Management 56

Management Malware Cybersecurity Insurance 56

Disaster Recovery Journal

OCTOBER 23, 2020

But that was my unofficial designation when I worked for the largest insurance broker in the world some 20 odd years ago. I was teaching a business continuity class at our remote office in Detroit when a hysterical woman pulled me from the class to go to the breakroom television. My peers and direct reports gave it to me.

Risk Management 214

Risk Management Disaster Recovery Emergency Response Emergency Response 214

Plan B Consulting

MAY 16, 2023

What can organisations do to attempt to protect themselves from such risks? First and foremost, those organisations who use business continuity as a ‘tick box exercise’, or as a requirement from their insurance company need to start truly embedding Business Continuity into business-as-usual activities as soon as possible.

Fashion 52

Fashion Business Continuity Risk Management Insurance 52

MHA Consulting

MARCH 21, 2024

A company called Change Healthcare, which is the largest electronic clearinghouse for medical insurance payments in the country, was struck by hackers who stole patient data and encrypted company files, demanding payment to unlock them. health care system in American history.” Data breaches generally do not affect day-to-day operations.

Healthcare 52

Healthcare Hospitality Resilience Insurance 52

Fusion Risk Management

JUNE 23, 2023

The idea behind having an effective third-party risk management (TPRM) program is not a newfound concept. More than 14 years ago, the Federal Deposit Insurance Corporation (FDIC) introduced the first true risk-based approach to understanding and managing third parties.

Risk Management 52

Risk Management Alert Resilience Communications 52

NexusTek

FEBRUARY 8, 2023

Our aim in this article is not to place blame, but to highlight the valuable lessons that other businesses can learn from these real-life incidents. Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme.

Cybersecurity 97

Cybersecurity Backup Authentication Insurance 97

Fusion Risk Management

MARCH 8, 2023

There was plenty of engagement from financial services organizations, technology and data service providers , and health insurance organizations. The post Customer Insights 2023: Fusion’s February Community Exchange Round Up appeared first on Fusion Risk Management. Interested in diving deeper into each of these sessions?

Financial Services 52

Financial Services Risk Management Application Resilience 52

Plan B Consulting

APRIL 2, 2024

This is a classic business continuity and emergency response incident, and I thought I would examine it through the lens of a couple of risk management concepts: black swan events and Reason’s Swiss cheese theory. The cargo was destined for Sri Lanka, and so there may be a knock-on impact on their businesses and economy.

Banking 52

Banking Insurance Insurance Mitigation 52

Pure Storage

MARCH 25, 2024

FFIEC is an interagency body composed of the heads of the five federal banking agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau. link] ²“ U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

everbridge

DECEMBER 19, 2023

Insurance Industry Evolution: The insurance sector adapted to the changing landscape by developing innovative policies that considered climate change risks, ensuring better coverage for property and businesses in high-risk areas.

Management 59

Management Travel Vulnerability Cybersecurity 59

Reciprocity

DECEMBER 27, 2022

GRC is an integrated approach to managing the organization’s governance, IT and security risks, and regulatory compliance functions. This allows you to strengthen cybersecurity, reduce uncertainty, cut costs, and improve business decision-making. Risk Management. Automate Vendor Risk Management.

Government 52

Government Audit Risk Management Disaster Recovery 52

Reciprocity

AUGUST 24, 2022

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? What Are the Most Common Vendor Risks? Business Continuity.

Management 52

Management Risk Management Cybersecurity Strategic 52

Reciprocity

AUGUST 17, 2022

New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or financial position – and above all, leave the organization unable to achieve its business objectives. Enterprise Risk Management (ERM).

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

BCP Builder

APRIL 20, 2020

The current situation has brought about changes to business and work life. This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. Two reasons for this.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

BCP Builder

APRIL 20, 2020

The current situation has brought about changes to business and work life. This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. Business Continuity will be taken more seriously.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

SRM

JULY 3, 2018

Retained Forensic Remote Support : having access to a specialist team 24/7, 365 days of the year to provide professional, pragmatic and strategic support in the event of any type of incident, enabling organisations to focus on maintaining business as usual; 4. Or read more: The flaw in the plan: business continuity management.

Vulnerability 52

Vulnerability Cyber Resilience Disaster Recovery BCM 52

Plan B Consulting

SEPTEMBER 11, 2016

This week I have been doing a lot of thinking about BIAs, so I thought I would write this week’s bulletin on a strategy I think is missing from the Business Continuity Institutes “Good Practice Guidelines” (GPG). Insurance – using insurance to cover any losses 6. These are: 1. Installing a standby generator 5.

Resilience 52

Resilience Manufacturing Insurance Insurance 52

Plan B Consulting

SEPTEMBER 11, 2016

This week I have been doing a lot of thinking about BIAs, so I thought I would write this week’s bulletin on a strategy I think is missing from the Business Continuity Institutes “Good Practice Guidelines” (GPG). Insurance – using insurance to cover any losses. These are: 1. Installing a standby generator.

Resilience 52

Resilience Manufacturing Insurance Insurance 52