article thumbnail

How to Offload Your Risk to a Third Party

MHA Consulting

Try a Dose of Risk Management Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold. Risk avoidance: Altering organizational behavior to eliminate a given risk. Related on MHA Consulting: Global Turmoil Making You Ill?

article thumbnail

Business, Interrupted: Peeling Back the Layers of Supply Chain Resilience

Castellan

Identifying and Quantifying Risks. Unfortunately, even with increasing events with widespread impact across industries, some companies still don’t look at supply chain continuity and supply chain risk management beyond the annoyance of having to send and get back questionnaires from your vendors. Challenges and Looking Forward.

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 Risks that Manufacturing Firms are Facing and the Impact that Follows

Fusion Risk Management

Additionally, operating in a global environment leaves manufacturers vulnerable to the results of geopolitical tensions. Additionally, the labor shortage affects logistics; of note, trucking jobs have increased 30% from pre-pandemic levels, but there still remains a shortage of some 80,000 drivers nationwide.

article thumbnail

The New Normal

BCP Builder

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. New normal will require consortia based approaches to procurement and supply chain risk management across sectors to ensure understanding of dependencies.

BCP 52
article thumbnail

The New Normal

BCP Builder

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. New normal will require consortia based approaches to procurement and supply chain risk management across sectors to ensure understanding of dependencies.

BCP 52
article thumbnail

How to protect your data from cybercrime when working from home

SRM

In fact, the logistical challenges faced by larger companies and the greater number of devices being used makes managing risk a greater challenge. Older routers are likely to host vulnerabilities that hackers can exploit, and access at router level can give hackers a doorway to sensitive information and network controls.

article thumbnail

What Does It Take to Be FIPS Compliant?

Pure Storage

This laboratory develops an array of standards for computer security, information technology (IT), cybersecurity, risk management, cryptography, and other data management best practices—including FIPS standards. Where Can You Find a FIPS Compliance List?