MHA Consulting

FEBRUARY 9, 2023

Risk transference is one of the four main strategies organizations can use to mitigate risk. There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Insurance policies come wrapped in caveats and conditions.

Insurance 84

Insurance Insurance Outsourcing Mitigation 84

Pure Storage

JANUARY 5, 2024

Now is the time to understand their techniques leading up to an attack and develop effective mitigation strategies. Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount.

Insurance 87

Insurance Insurance Cybersecurity Mitigation 87

MHA Consulting

MARCH 14, 2024

Risk can never be eliminated but it can be mitigated. Enterprise Risk Management is the activity of identifying and mitigating the hazards that threaten an organization (definition from Strong Language: The MHA Glossary of Essential Business Continuity Terminology , available for free download with registration).

Risk Management 52

Risk Management Management All-Hazards Mitigation 52

Pure Storage

JANUARY 5, 2024

Now is the time to understand their techniques leading up to an attack and develop effective mitigation strategies. Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount.

Insurance 64

Insurance Insurance Cybersecurity Mitigation 64

Online Computers

MARCH 14, 2024

Patient data, containing sensitive information ranging from medical histories to insurance details, has become a lucrative target for cybercriminals. Every piece of data, from medical records and treatment plans to billing and insurance details, contributes to a comprehensive understanding of the patient's health history.

Healthcare 52

Healthcare Cybersecurity Malware Insurance 52

Pure Storage

JANUARY 5, 2024

Now is the time to understand their techniques leading up to an attack and develop effective mitigation strategies. Cyber insurance coverage could encourage more attacks. Attackers have even been known to research how much insurance a target company has and then ask their victim to pay that amount.

Insurance 55

Insurance Insurance Cybersecurity Mitigation 55

CCEM Strategies

NOVEMBER 9, 2023

1 Of the top 10 most expensive natural disasters in terms of insurance payouts in Canada, floods are responsible for four. The Insurance Bureau of Canada states that the insured damage of this event was $675 million. So, what can you do to help mitigate the effects of flooding?

Emergency Planning 52

Emergency Planning Insurance Insurance Damage Assessment 52

National Fire Protection Association

JUNE 20, 2023

This panel discussion offers perspectives from manufacturers, AHJs, FPEs/consultants, developer/installer/maintainers, and insurance and fire service. These are just a few of the many lithium-ion and ESS presentations hosted at C&E this week, reflecting the many risks they present in today’s world.

Hazard 52

Hazard Mitigation Education Insurance 52

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 73

Mitigation BCM Acceptable Risk Risk Management 73

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 81

BCM Risk Management Mitigation Business Continuity 81

everbridge

NOVEMBER 17, 2022

The study provides a four-step call to action to create a resilient enterprise through climate adaptation, which include the relevance of Critical Event Management solutions to better anticipate/ mitigate/ respond/ recover, and the role of insurance and new alternative finance solutions. Click below to read the study.

Resilience 69

Resilience Insurance Insurance Publishing 69

Risk Management Monitor

AUGUST 30, 2021

The storm marks another overactive hurricane season officially underway in the United States, prompting business leaders and property owners to ensure they are adequately prepared from an insurance and risk management perspective. Before doing so, reach out to your insurance broker who can help guide you through this process.

Risk Management 74

Risk Management Insurance Insurance Management 74

LogisManager

OCTOBER 19, 2023

The first line of defense, typically the business units, can use the software to conduct risk assessments, document risks, and develop mitigation plans. In partnership with LogicManager, banks can bolster their risk management, enhancing governance and compliance while mitigating potential issues.

Banking 98

Banking Corporate Governance Audit Risk Management 98

Disaster Safety

DECEMBER 23, 2021

Severe winter weather is a significant cause of insured catastrophic losses and is a risk for many businesses across the country, including portions of the typically warmer southern United States. Discuss the systems exposure to winter weather and potential mitigation options. Know what your insurance covers and what it doesn’t.

Insurance 129

Insurance Insurance Outage Alert 129

Plan B Consulting

APRIL 2, 2024

Traditional risk management focuses on identifying and mitigating risks that can be predicted based on historical data and past experiences. The only mitigation was that the incident occurred in the middle of the night rather than at peak rush hour, so the casualty count was much less than it could have been.

Banking 52

Banking Insurance Insurance Mitigation 52

Zerto

FEBRUARY 28, 2024

The Australian Signals Directorate (ASD) has developed a set of prioritized mitigation strategies known as the Essential Eight to safeguard internet-connected information technology networks. These strategies, outlined by the ASD, form a comprehensive framework to mitigate cybersecurity incidents effectively.

Cybersecurity 61

Cybersecurity Resilience Backup Disaster Recovery 61

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss? Second, using the risk maturity model pays.

Resilience 52

Resilience Risk Management Mitigation BCM 52

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss? Second, using the risk maturity model pays.

Resilience 52

Resilience Risk Management Mitigation BCM 52

Fusion Risk Management

SEPTEMBER 12, 2022

Many of our own customers have said that having a “tone at the top” from leadership is critical to get their business team’s buy-in, as no one really wants to take a time out to work on their continuity plans or risk mitigation strategy. Ability to Procure Cyber Insurance.

Resilience 52

Resilience Insurance Insurance Audit 52

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

Zerto

APRIL 6, 2023

We will end the series with an overview of the risk prioritization and mitigation stages of the process. This ensures your risk management framework will prioritize mitigation strategies and best practices for enterprise risk management. Some risks will be within your organization’s risk appetite.

Risk Management 94

Risk Management Management Disaster Recovery Impact Analysis 94

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

Risk Management Monitor

MARCH 4, 2022

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. and “How can we still work without any technology support?”. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

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

CCEM Strategies

OCTOBER 7, 2020

According to the Insurance Bureau of Canada , over 60% of British Columbians live in a region where some of the largest earthquakes in the world occur. What can you do to mitigate hazards? By organizing what you need and knowing the steps in advance, you can help mitigate the impact on your business.

Insurance 52

Insurance Insurance All-Hazards Hazard 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. Here’s how: Engage employees.

Healthcare 52

Healthcare Malware Mitigation Hazard 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

Pure Storage

MARCH 21, 2024

The multinational health insurance and services company has been knee-deep in this nightmare since its technology unit, Change Healthcare, was targeted by the BlackCat/ALPHV ransomware affiliate in late February. But they need to be next-generation solutions if you want to mitigate every potential risk and be as resilient as possible.

Healthcare 73

Healthcare Hospitality Architecture Cybersecurity 73

LogisManager

OCTOBER 12, 2021

The Case for Automated Insurance. A control’s effectiveness must be assessed in the context of the risks it is mitigating, rather than in isolation. The best programs can account for both control data and risk owner input to assess the confidence that risks are appropriately mitigated. REQUEST FREE DEMO.

Risk Management 98

Risk Management Mitigation Insurance Insurance 98

Erwood Group

FEBRUARY 4, 2024

Disruptions can lead to financial losses, especially if billing processes are impacted, insurance claims are delayed, or operational inefficiencies arise. Financial Stability and Operational Integrity: Financial stability is intricately tied to the ability to maintain operational integrity.

Healthcare 45

Healthcare Business Continuity Resilience Continuity Planning 45

Pure Storage

MARCH 21, 2024

2024 has already seen ransomware gangs targeting health insurance and services companies and profiting from their exploits. But they need to be next-generation solutions if you want to mitigate every potential risk and be as resilient as possible. This activity is not unexpected. Think seconds or minutes vs. hours or days.

Healthcare 52

Healthcare Architecture Hospitality Cybersecurity 52

Plan B Consulting

APRIL 19, 2024

You may have to pay a retainer, this service comes as part of cyber insurance. A good response will go a long way to mitigating some of the impacts of a cyber attack and maintaining their brand and reputation. Have you thought through who would provide technical support if your school or academy was a victim of a cyber attack?

Backup 52

Backup Communications Continuity Planning Media 52

Pure Storage

AUGUST 4, 2021

Pure Storage® CTO-Americas, Andy Stone, joins former hacker turned internationally-renowned cybersecurity expert, Hector Xavier Monsegur, to bring you “ A Hacker’s Guide to Ransomware Mitigation and Recovery.” With high-dollar insurance policies and the anonymity of cryptocurrencies, it’s more lucrative than ever.

Insurance 56

Insurance Insurance Authorization Mitigation 56

National Fire Protection Association

NOVEMBER 2, 2022

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 these stakeholder groups must be fully engaged in doing their part to truly help minimize associated safety risks.

All-Hazards 52

All-Hazards Hazard Education Transportation 52

Fusion Risk Management

NOVEMBER 3, 2022

Defense costs in connection with an SEC investigation can exceed $1 million in order to defend individuals, directors, and officers – and indemnification insurance may not always cover the cost. Watch the replay of our most recent webinar titled Enabling Resilience Through Proactive Risk Mitigation.

Resilience 96

Resilience Mitigation Cybersecurity Risk Management 96

LogisManager

OCTOBER 12, 2021

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. An independent research study, “ The Valuation Implications for Enterprise Risk Management Maturity ,” was published in the prestigious Journal of Risk and Insurance.

Risk Management 52

Risk Management Management Insurance Insurance 52

Disaster Recovery Journal

OCTOBER 23, 2020

But that was my unofficial designation when I worked for the largest insurance broker in the world some 20 odd years ago. a control, mitigation, plan, or process is important to include in their own program and recovery plans. Likewise, none of us can mitigate everything. What a ridiculous title â?? The Queen of Doom.â??

Risk Management 214

Risk Management Disaster Recovery Emergency Response Emergency Response 214