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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

Evaluate and if possible, test your business continuity plans. Cyber insurance firm Coalition has put together a guide to basic cybersecurity measures to help organizations—policyholders and otherwise—proactively manage cyberrisk and reduce the likelihood of a cybersecurity incident. Check it out here: [link].

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Risk Assessment vs Risk Analysis

Reciprocity

Risk can be affected by numerous external factors, including natural disasters, global pandemics, raw material prices, increased levels of competition, or changes to current government regulations. A risk assessment evaluates all the potential risks to your organization’s ability to do business. What Is a Risk Assessment?

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What Is Risk Management?

LogisManager

Once you have assessed these risks you will want to create a plan for risk mitigation and risk monitoring so that you are in control of potential threats. In fact, organizations that have a formalized risk management program tend to have higher evaluations. Risk Management Definition. What is a Risk Management Plan?

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Testing, Testing: Our Best Blogs on BC Testing and Mock Disaster Exercises

MHA Consulting

Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The Importance of Testing and Exercises In case you missed it, MHA CEO Michael Herrera wrote an excellent blog last week called, “The Top 8 Risk Mitigation Controls, in Order.” Unfortunately, it’s a tool that most companies neglect.

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Testing, Testing: Our Best Blogs on BC Testing and Mock Disaster Exercises

MHA Consulting

Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The Importance of Testing and Exercises In case you missed it, MHA CEO Michael Herrera wrote an excellent blog last week called, “The Top 8 Risk Mitigation Controls, in Order.” Unfortunately, it’s a tool that most companies neglect.

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The Difference Between Strategic and Operational Risk

Reciprocity

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.

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

LogisManager

They evaluate their vendor and partner communities to identify the third parties they depend on the most and map them to the business risks, controls, and testing that rely on them. By taking a risk-based approach, they have been able to mitigate potential financial risks associated with third-party vendors.

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