The retail industry is faced with difficult challenges such as high regard to reputational risk, deterring fraud and theft, preventing data breaches, avoiding customer injuries, and planning for forced closures. Risk management is a necessary component of keeping retail businesses safe and thriving. To stay profitable, companies need to watch their bottom line and a retail risk management solution like RiskWatch will ensure they’re protected.
Our risk assessment solution is designed to meet all the needs of retail companies. Easily assess physical security, cybersecurity, compliance with regulations and policies, and even your suppliers. RiskWatch makes it easy for retail companies to meet OSHA, ISO, USDA, or any other requirements to mature your risk management program. Save time requesting, analyzing, remediating, and reporting on your data, which allows staff to focus more on reducing risk and meeting compliance.
You can tell RiskWatch has experience and expertise in risk management by looking at how SecureWatch is put together. The system combines ERM and compliance in a way both can be performed at the most efficient way possible. Its automation combines well with the maturity of data available in most of our assessment programs.
Real-time risk profiles and scores that update as changes occur.
Ensure your workplace is safe for both shoppers and employees.
Meet compliance requirements such as with OSHA, ISO, USDA or any other regulations, standards, or even custom policies.
Use customizable reports to provide high-level staff updates on objectives and progress on assessments.
Provides a comprehensive view of organizational compliance. Recommendations are automatically offered to identify and mitigate gaps and vulnerabilities.
Standardize and automate data collection, analysis, and remediation.
Create policies for forced closure events, such as COVID-19, a fire, or other threat.
Develop controls and tasks to mitigate all critical risks and work down as resources allow.
Creates a road map for evaluating vulnerabilities, identifying opportunities for security enhancements, and tracking progress.
Save time communicating with team members on assessment tasks with automated email reminders, recommended tasks, and activity logs.
In 2020, Target was fined $227,304 in penalties for noncompliance with OSHA regulations. In two different locations, the store had blocked fire exits from various objects, a major violation. Since 2015, Target has been cited by OSHA for similar hazards at eleven other locations.For more information, click here.