Reciprocity

APRIL 4, 2022

Any hazards associated with cloud architectural changes, the use of new platforms such as IoT devices, or new IT systems can lead to digital risk. This refers to all risks introduced by service providers and third parties working with your enterprise. This could include data breaches, intellectual property theft, and financial data theft.

Mitigation 52

Mitigation Cybersecurity Malware Media 52

Reciprocity

AUGUST 18, 2022

Passing or sharing the risk via insurance, joint venture, or another arrangement. Identified risks are analyzed to assess both their likelihood and hazard potential. The two fundamental components of ERM are (1) the evaluation of significant risks, followed by (2) application of adequate responses. Prevention or termination of a risk.

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. Risk Assessment. Risk Response.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

DECEMBER 19, 2022

You must assess the efficacy of your company’s compliance program and identify potential hazards. Include a method for workers to report compliance problems and fraudulent or illegal activities anonymously and without fear of reprisal. Set up a mechanism for monitoring and auditing. Maintain steady discipline.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Reciprocity

APRIL 4, 2022

Various types of hazards must be considered. After identifying hazards and risks, consider how they are harmful and the possible outcomes. This means that risks presenting a higher threat must receive more comprehensive control measures than lower-risk hazards. Economic risk. Operational risk. Third-party risk. Quality risk.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Reciprocity

AUGUST 24, 2022

Not long ago, risk managers concerned themselves mainly with hazards such as fires and floods; or in the financial sector, loan defaults (credit risk). Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company.

Risk Management 52

Risk Management Audit Insurance Insurance 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. Location of fire risers and standpipes.

Business Continuity 52

Business Continuity Impact Analysis Continuity Planning Communications 52