GRC Defined GRC is an acronym for governance, risk, and compliance; it’s a term that refers to an organization’s strategy and management for each of those three components. GRC is a structured approach to managing these various aspects of great importance to an organization’s success and...
Risk Monitoring Overview Risk monitoring is a crucial step in the total risk management process. Unfortunately, there is never a true end to the risk management process; risk monitoring will always be necessary to understand the risks an organization is facing and how any implemented changes...
Outsourcing is a business practice of hiring a third party to perform services or create goods that otherwise could be performed in-house by the company’s existing staff. This applies to a wide range of industries and use cases. Examples include marketing efforts, software development, part...
Damage from hail storms is one of the leading causes of loss and one that continues to grow. Causing billions of dollars of damage each year, hail damage has quickly become a high priority risk. According to the NOAA’S Annual Severe Weather Report Summary for...
Remote Risk Assessments Due to COVID-19, travel has become increasingly difficult and dangerous. So much so, that many businesses require a 14-day isolation period for anyone who has traveled within that time. As government regulations consistently change as well, many are being forced to make last-minute...
Where Do Climate Change and Risk Management Meet? In today’s setting, it is not only a good moral decision to protect the environment, but a risk-conscious decision as well. Climate change is the catalyst for immeasurable risks such as increasing the frequency and severity of natural...
Cyber Risk Assessments Risk assessments are crucial to any organization’s risk management strategy. A cyber risk assessment functions to identify information assets that could be impacted by a cyberattack and what risks are possible for each asset identified. These assessments are necessary for staff to be...
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...
We often evaluate our compliance to different security standards and use them as guidelines to make sure we are minimizing privacy risk in our organizations – this is common practice. If your organization is bound by regulations, this may be required. Despite this, we’ve observed...
Using Drones for Security and Risk Management Drones have become increasingly useful for companies looking to boost their security and risk management efforts. Their capabilities often allow security professionals to maintain a required level of security while reducing operational costs and risk. We’ll look at why...