Remove Consulting Remove Insurance Remove Risk Management Remove Vulnerability
article thumbnail

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. However, the evidence was inconclusive so their strategy continued unchanged.

Banking 98
article thumbnail

How to Offload Your Risk to a Third Party

MHA Consulting

Related on MHA Consulting: Global Turmoil Making You Ill? 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. Risk avoidance: Altering organizational behavior to eliminate a given risk.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

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

SRM

also brings an increased level of vulnerability. SRM provides the full range of these services using the integrated specialisms of highly-qualified and experienced consultants. All to help you manage the risks associated with the Industrial Revolution v4.1. Yet the Industrial Revolution v4.1 There are four key areas: 1.

article thumbnail

How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

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. Related on MHA Consulting: Who’s the Boss?

article thumbnail

How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

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. Related on MHA Consulting: Who’s the Boss?

article thumbnail

Do Cyber Risks Lurk in Your Business Ecosystem?

NexusTek

Penetration testing: This is an authorized, simulated attack on a company’s IT systems, which helps it to identify existing vulnerabilities. Patch management: This practice ensures that any identified vulnerabilities in software are addressed in a timely manner.

article thumbnail

The Ultimate Guide to Residual Risk  

MHA Consulting

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.” A related but higher level concept is that of risk mitigation strategies. Risk avoidance.