Wednesday, June 29, 2016


A comprehensive risk management strategy enables an organization to identify, assess, manage and/or mitigate various risks. It provides a method by which you can prioritize specific risks and determine how to allocate resources. As we all know, there are many types of risk, internal and external, that may impact operations. This week’s articles address ways to deal with these various types of risk.

The combination of risk management and business continuity provides the level of resiliency that most organizations must achieve in light of the uncertainty that exists today. (Item #1)   To mitigate risk --- the possibility that something unpleasant or unwelcome will happen --- it's important for entities to have a thorough risk management strategy in place. (Item #2)   Rules and compliance can mitigate some critical risks but not all of them; active and cost-effective risk management requires managers to think systematically about the multiple categories of risks they face so that they can institute appropriate processes for each.  (Item #3)

"Whistle blowing" has negative connotations in many organizations but, if encouraged by management and handled sensitively, it can be an important tool for business continuity and risk management. (Item #4)   Given the stakes, it makes sense for organizations to try and learn as much as they can about DDoS ransom demands: what do they look like, how can businesses work out if their site is at genuine risk and how can they protect their online presence? (Item #5)   The 10 keys to managing reputation risk and how a company or institution addresses them will help shape the company’s reputation over time. (Item #6)


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