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The Colonial Pipeline Hack: Failure in Risk Management

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Colonial Pipeline Hack: Failure in Risk Management. Risks for all business scandals, like the one at Colonial Pipeline, are always known months in advance, making the consequences preventable. With strong Enterprise Risk Management (ERM), nearly 100% of all liabilities can be avoided.

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Identifying and Preventing Provider Fraud in Workers Comp Cases

Risk Management Monitor

These factors have been exacerbated in recent years, due in large part to the pressures presented by the global pandemic and the growing reliance upon remote services. A chiropractor, for example, conducted illegal medical evaluations and billed these evaluations, claiming that he was approved as a medical legal evaluator.

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Is the PPRS list fit for purpose?

Plan B Consulting

In teaching the Business Continuity Institute’s (BCI) “Good Practice Guidelines” (GPG), one of the points we stress is that in business continuity we do not look at scenarios such as flood, fire, pandemics, but we look at the impact on our organisations’ key assets, categorised by PPRS.

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Is the PPRS list fit for purpose?

Plan B Consulting

In teaching the Business Continuity Institute’s (BCI) “Good Practice Guidelines” (GPG), one of the points we stress is that in business continuity we do not look at scenarios such as flood, fire, pandemics, but we look at the impact on our organisations’ key assets, categorised by PPRS.

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The Difference Between Strategic and Operational Risk

Reciprocity

New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or financial position – and above all, leave the organization unable to achieve its business objectives. Enterprise Risk Management (ERM).

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Risk Assessment vs Risk Analysis

Reciprocity

Although people often use the words “assess” and “analyze” interchangeably, the terms are not synonymous in risk management. A risk assessment forms the backbone of your overall risk management plan. Risks are not always the fault of the business. What Is a Risk Assessment?

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What Does a Compliance Management System Look Like?

Reciprocity

In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. So compliance risk management requires a complex web of compliance activities (from change management to compliance monitoring, and much more) to assure that all enterprise business units conform to applicable laws.