Remove Education Remove Insurance Remove Mitigation Remove Vulnerability
article thumbnail

The Ultimate Guide to Residual Risk  

MHA Consulting

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. Risk avoidance. Risk limitation.

article thumbnail

Is Your Community Prepared for Flooding?

CCEM Strategies

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The hidden costs of shadow IT: How unsanctioned tech impacts your budget

Online Computers

But it can have a significant impact on your business’s bottom line in the following ways: Security risks Unsanctioned software and hardware may not meet the necessary security measures and standards of your organization, leading to vulnerabilities. Addressing these needs and finding safe alternatives can help mitigate the risks.

article thumbnail

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

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.

article thumbnail

Guest Opinion: Why It’s Time to Get Serious About the Risk of Commercial Drones

Security Industry Association

Comprehensive security program development continues to lag when it comes to drone threat assessments and risk mitigation action. Public space is more vulnerable to a myriad of threats posed by commercial drones. We’ve seen this take shape with great results through education, prevention and action.

article thumbnail

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

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. ERM’s Ultimate Objective.

article thumbnail

Strategies for Digital Risk Protection

Reciprocity

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. Vulnerabilities. Mitigation. How do you know which mitigation measures to implement?