MHA Consulting

MARCH 2, 2023

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

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

MHA Consulting

FEBRUARY 15, 2024

An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them. Typically available as a SaaS solution, RMIS software is designed to help companies manage and mitigate risk. Risk Mitigation.

BCM 84

BCM Risk Management Mitigation Business Continuity 84

National Fire Protection Association

NOVEMBER 2, 2022

For consumers, it means educating them about how to properly charge and store EVs, e-bikes, and e-scooters. NFPA has been committed to addressing potential fire hazards posed by EVs for some time, offering in-person and online trainings that teach first responders how to safely and effectively mitigate EV incidents.

All-Hazards 52

All-Hazards Hazard Education Transportation 52

Online Computers

DECEMBER 21, 2023

Shadow IT can lead to noncompliance with the Health Insurance Portability and Accountability Act (HIPAA) or the Gramm-Leach-Bliley Act (GLBA) , resulting in large fines and legal issues. Addressing these needs and finding safe alternatives can help mitigate the risks. Educate employees. Here’s how: Engage employees.

Healthcare 52

Healthcare Malware Hazard Mitigation 52

CCEM Strategies

MAY 11, 2023

Recovering from flooding can be challenging, particularly as insurance coverage may be limited, extraordinarily costly, or unavailable depending on the type of flooding (i.e., This information can then be used to develop effective flood preparedness plans and mitigation strategies, such as building dikes or improving drainage systems.

All-Hazards 52

All-Hazards Hazard Natural Hazard Transportation 52

Erwood Group

OCTOBER 27, 2020

The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance. In some cases, we have seen providers work closely with the client to further mitigate risk by providing additional assistance and suggestions. Let’s look at each of these and others in more detail.

Business Continuity 59

Business Continuity Continuity Planning Insurance Insurance 59

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. Digital risk protection is a cyber risk management strategy consisting of two main components: Identifying risks and threats, and then mitigating them. Mitigation. How do you know which mitigation measures to implement? Identification.

Mitigation 52

Mitigation Cybersecurity Malware Media 52

Reciprocity

AUGUST 18, 2022

Passing or sharing the risk via insurance, joint venture, or another arrangement. Mitigating or reducing the risk by internal controls or other risk-prevention measures. Factor Analysis of Information Risk (FAIR) provides a common risk mitigation vocabulary to help you to address security practice weaknesses.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

MARCH 28, 2022

The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures. How Automation Benefits Risk Mitigation.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Security Industry Association

SEPTEMBER 9, 2022

Comprehensive security program development continues to lag when it comes to drone threat assessments and risk mitigation action. We’ve seen this take shape with great results through education, prevention and action. The Ukraine war has openly shown the creativity and innovation associated with commercial-off-the-shelf drone use.

Government 98

Government Marketing Technology Authorization 98

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Visibility into AI tools is critical, and enterprises should have solutions in place that monitor how they’re being both trained and used while educating employees on best practices for safe and ethical use.

Authentication 142

Authentication Cybersecurity Security Government 142

Security Industry Association

AUGUST 4, 2022

It’s important to promote a safe learning environment for every student and protect the teachers, staff and visitors in our schools, and SIA appreciates the many talented security professionals who are working diligently each day to enhance the safety and security of our schools and mitigate active shooter threats. More is better.

Activation 98

Activation Security Architecture Mitigation 98

Reciprocity

APRIL 4, 2022

A risk analysis is conducted for each identified risk, and security controls are pinpointed to mitigate or avoid these threats. Implement controls and risk response plans to prevent and mitigate risk. You can use mitigations or controls to reduce a risk’s potential impact, velocity, and severity scores. Low Priority.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Solutions Review

SEPTEMBER 27, 2021

Additionally, users can integrate their risk management programs, including the identification, assessment, response, mitigation, and monitoring in a highly visual and intuitive way. The vendor also provides educational features and monitoring of third-party access, which can cultivate a culture of compliance for businesses.

Government 92

Government Audit Risk Management Hospitality 92

Reciprocity

SEPTEMBER 30, 2022

And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety. Schedule a demo today to learn more.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Reciprocity

AUGUST 24, 2022

Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. You’ll think ahead, anticipating new risks down the road and your organization’s risk response: accept, avoid, transfer, mitigate. Many Needs, One Solution.

Risk Management 52

Risk Management Audit Insurance Insurance 52

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. Such risks could affect your business’ cybersecurity, regulatory compliance, business continuity, and organizational reputation.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Reciprocity

NOVEMBER 5, 2021

You must find ways to manage, mitigate, accept, or transfer these risks. It’s also crucial to document the steps to risk mitigation (the actions that will be taken to manage each risk.). Employee training and education about risks will improve awareness beyond your leadership and compliance teams. Internal Business Environment.

Risk Management 52

Risk Management Management Audit Strategic 52

Pure Storage

JULY 12, 2021

To mitigate this, organizations need available recovery points to get back up and running quickly. Whether you choose to pay or not, you could incur additional costs such as shareholder lawsuits, regulatory compliance suits, increased insurance premiums, loss of intellectual property, and other investigations. Tabletop planning.

Backup 69

Backup Outage Authentication Architecture 69

Castellan

SEPTEMBER 8, 2021

While the total economic impact of Ida’s devastation is yet unknown, some analysts are targeting insured losses between $15-$18 billion, according to The Wall Street Journal and Bloomberg. In some areas, there remains questions of if it’s even possible to rebuild and what the new future will look like.

Business Continuity 52

Business Continuity Disaster Preparedness Response Plan Resilience 52

Reciprocity

AUGUST 17, 2022

Understanding these risks can improve business practices and decision-making, and allow risk managers to implement wise risk mitigation and management controls. As a result, organizations leveraging ERM are better prepared for risk control and know which risks can be mitigated or accepted. Risk measurement and mitigation.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. The board sets the business objectives for your organization to manage and mitigate risks. Communication and Education. FDIC), a primary U.S. Here’s how to create a compliance management program : Board of Directors. Your compliance program starts with your board of directors.

Management 52

Management Audit Banking Risk Management 52

Solutions Review

JANUARY 25, 2023

Supply chain mapping will grow in importance in 2023 as it also helps in identifying concentration risk or compliance risk, allowing businesses to see the early warning signals, predict potential disruptions, identify supply chain bottlenecks and take proactive measures to mitigate risks, and maintain competitiveness.

Government 116

Government Backup Application Security 116

Reciprocity

DECEMBER 19, 2022

More broadly, a corporate compliance program reinforces a company’s commitment to mitigating fraud and misconduct at a sophisticated level, aligning those efforts with the company’s strategic, operational, and financial goals. Provide staff education and training. Importance of a Corporate Compliance Program.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Reciprocity

DECEMBER 27, 2022

A risk management program incorporates processes, tools, procedures, and resources to optimize the risk profile, create a risk-aware culture, and implement the right mitigation strategies to maintain business continuity and competitiveness. Compliance. You also need to look at your future. Create a Strategy. Control Mapping Functionality.

Government 52

Government Audit Risk Management Disaster Recovery 52

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Visibility into AI tools is critical, and enterprises should have solutions in place that monitor how they’re being both trained and used while educating employees on best practices for safe and ethical use.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Visibility into AI tools is critical, and enterprises should have solutions in place that monitor how they’re being both trained and used while educating employees on best practices for safe and ethical use.

Healthcare 52

Healthcare Security Cybersecurity Government 52

Reciprocity

MARCH 24, 2022

So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? Internal auditors can also search for fraud and mitigate potential damages. Leverage ZenRisk to Mitigate Fraud Risk in Your Organization. Strong internal controls. These auditors must know how to assess fraud risk.

Audit 52

Audit Banking Activation Authorization 52

Erwood Group

JULY 7, 2022

One client recently obtained a $500 Million dollar increase in insurance coverage with zero increase in premium costs. This was done based on the Business Continuity Plans and Program developed after meeting with the insurance providers and providing details of the program and progress made.

Business Continuity 52

Business Continuity Impact Analysis Continuity Planning Communications 52