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Who’s the Boss? Successful Risk Mitigation Requires Centralized Leadership

MHA Consulting

Many companies spend millions of dollars implementing risk mitigation controls but are kept from getting their money’s worth by a disconnected, piecemeal approach. Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. Related on MHA Consulting: Global Turmoil Making You Ill?

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These 8 Risk Domains Are the Meat and Potatoes of Risk Management 

MHA Consulting

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. Exactly what those domains are will be detailed in a moment.

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Fire and Rain: Adapting to an Era of Global Instability 

MHA Consulting

Related on MHA Consulting: Global Turmoil Making You Ill? Then develop ways to mitigate the threats, focusing on the threats that are the likeliest to occur and those which would cause the greatest impact if they did occur. Geopolitical risk is arguably at the highest level it’s been in 50 years.

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Reviewing the Five Types of Risk 

MHA Consulting

Related on MHA Consulting: The ABCs of ERM: The Rise of Enterprise Risk Management The government recently announced the official end of the COVID pandemic. The wise organization develops strategies and plans to mitigate and prepare for all five types of risk. In one respect, COVID continues to distort people’s approach to risk.

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Global Turmoil Making You Ill? Try a Dose of Risk Management  

MHA Consulting

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.

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The Ultimate Guide to Residual Risk  

MHA Consulting

Reducing risk is at the heart of everything we do as business continuity professionals. 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.

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How to Help Your Organization Get Through a Ransomware Attack

MHA Consulting

As a business continuity professional, there are steps you can take before and during such an attack to help your organization get … The post How to Help Your Organization Get Through a Ransomware Attack appeared first on MHA Consulting. Ransomware attacks are increasing in frequency and severity.