Managing risk is an essential component of every organization accomplishing its key objectives effectively. Risk management not only requires a reliable process to capture risks, but also needs a method to document and administer the organization's response. An appropriate risk management tool always helps the risk...
The Coronavirus As the coronavirus continues to spread throughout China and the rest of the world, we’re seeing serious effects on businesses. From shuttering factories to employee death, the influence of the coronavirus (COVID-19 ) is definitely playing itself out as a worst-case scenario. However,...
Risk Management Overview Risk management is the process of identifying, assessing, and controlling risks. This is crucial to the success of an organization as it impacts decision making and influences response to different incidents. An effective risk management plan allows you to navigate an environment of...
The Danger of Flash Drives When considering the many risks that face organizations today, most of us tend to unconsciously gloss over the threat of everyday items, such as a flash drive. Also referred to as thumb drives, data sticks, jump drives, or keychain drives, these...
Gas Company Noncompliance Causes Ruptured Gas Line Two weeks ago, PUCO (Public Utilities Commission of Ohio) fined Columbia Gas $400,000 for failure to comply with set operating procedures in abandoning a service line and the resulting complications. Columbia Gas reportedly failed to document the existence of...
An Overview of Physical Security Inspections A comprehensive physical security inspection is essential for protecting your business. A physical security inspection is a process of checking your asset against set criteria and the evaluation of all security systems and access controls. These help you to...
Top Risks in Third Party Management When you observe a business ecosystem, it’s important to note that it’s dynamic and constantly changing as it interacts with outside elements, such as a third party. These vary from distributors, vendors, suppliers, agencies, etcetera. If your business is...
Service Provider Risk and Compliance In our continuing effort to educate on the importance of risk assessment and compliance, this week we wanted to touch base on service provider risk and what you can do to help reduce it. We’ve had many customers unclear on...
Top 5 Risks in Manufacturing When risks aren’t managed correctly, we often see the negative results plastered on the news and across social media. Delays, breaches, and quality issues are all prevalent in the manufacturing industry today. The key to preventing these issues in your organization...
The downfall of Convenience The continuous advancement of technology is evergreen because of its advantages like easy access and instant gratification. From being able to shop for groceries from their living room, to having vehicles that drive themselves, consumers are loving the convenience that the cyber...