Risk management is the process of identifying, assessing and controlling threats to an organization’s capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. IT security threats and data-related risks, and the risk management strategies to alleviate them, have become a top priority for digitized companies. As a result, a risk management plan increasingly includes companies’ processes for identifying and controlling threats to its digital assets, including proprietary corporate data, a customer’s personally identifiable information (PII) and intellectual property.
Every business and organization faces the risk of unexpected, harmful events that can cost the company money or cause it to permanently close. Risk management allows organizations to attempt to prepare for the unexpected by minimizing risks and extra costs before they happen.
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Risky business
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Introduction
Cybersecurity in healthcare—like the healthcare industry itself—is all about people, not the doctor’s office.
Patients’ quest for more control and improved health outcomes is driving...
A Guide to Managing Third-Party Business and Security Risk
Digital transformation is creating increasingly complex ecosystems for companies that use third parties to augment their...
Introduction
Allowing uncontrolled internet access is a high-risk activity for any business, regardless
of size, but it is particularly true for small to medium sized businesses...
Introduction
No matter the size, every business today faces cybersecurity threats. While cyberattacks against large companies grab bigger headlines, small businesses are even more susceptible...
It’s hard to overcome inertia, especially when it comes to replacing an IT operations monitoring solution. You’ve spent the money. People are used to...
Edge compute (distributed IT) installations have become increasingly business critical. Deploying and operating IT at the edge of the network, however, comes with unique...