MHA Consulting

MARCH 2, 2023

Inherent risk is the danger intrinsic to any business activity or operation. Residual risk is the amount of risk that remains in an activity after mitigation controls are applied. Putting it in mathematical terms: (Inherent risk) – (the risk eliminated by your mitigation controls) = residual risk.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

Reciprocity

SEPTEMBER 30, 2022

The pain is felt by the healthcare organization when a vendor has an outage because of ransomware or another cybersecurity intrusion. One such attempt by defenders is the Health Insurance Portability and Accountability Act (HIPAA) , a law formulated to help protect patient data and secure healthcare organizations.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Stratogrid Advisory

JUNE 3, 2020

An added benefit to a more resilient organization will be lower insurance rates These are just a few examples. Insurance companies assess risks to determine the insurance premiums they will charge. The internal recovery plans of vendors and service providers must be taken into consideration. manufacturing facilities).

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

Stratogrid Advisory

JUNE 3, 2020

Client or customer demands – depending on the type of services an organization provides to its clients, it may be mandated to implement business continuity and IT disaster recovery plans. Business insurance needs – some business interruption policies are requiring organizations to implement business continuity programs.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52