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How to Offload Your Risk to a Third Party

MHA Consulting

Related on MHA Consulting: Global Turmoil Making You Ill? There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity. Insurance policies come wrapped in caveats and conditions.

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6 Signs Your Business Needs a vCIO

NexusTek

A popular alternative is a virtual CIO (vCIO), an outsourced resource of expertise, strategic planning, and leadership who works on a part-time or as-needed basis. Could your business benefit from a vCIO’s executive-level technology consulting and leadership? Not sure if a vCIO is right for your business? 2023, May 8). link] Flexera.

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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

Related on MHA Consulting: What’s Ahead in the World of Enterprise Risk Management Defining Risk Management Our current environment of rising global uncertainty is leading many organizations to increase the resources they devote to risk management. The operational areas that risk management is concerned are broad and varied. Reducing risk.

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5 Ways to Minimize the Cost of a Ransomware Attack 

Pure Storage

There are outsourced IT and cybersecurity that may need to be deployed. Third-party cybersecurity consultants. Increased insurance premiums (or possible cancellation). Confirm what your cyber insurance covers—and what it doesn’t. There are the extra people-hours that must be devoted to reassuring customers. million. (The

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Top reasons why Business Continuity Planning is ignored!

Stratogrid Advisory

We have business interruption insurance. The business interruption insurance will cover actual business loses and expenses associated with the restoration of business services. What business interruption insurance will NOT cover is the loss of your clients, overall market share, or any project related delays associated costs.

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Capita Hack: A Case Study of What Not To Do …

Plan B Consulting

About Capita Capita is a large outsourcing company based in the United Kingdom. The company specialises in providing business process outsourcing, professional support services, and technology-enabled solutions, to both public and private sector organisations. It might also deter organisations from using their cyber services.

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Business Continuity Planning for Small & Medium-Sized Organizations

Stratogrid Advisory

non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.) A false sense of security Many of the small and medium-sized organizations are outsourcing some or all of the internal Information Technology infrastructure and applications to third-party organizations (e.g.