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RISK MANAGEMENT BLOG

8 Best Practices for Managing Cyber Risk

There are three primary reasons all risk professionals should actively manage cyber risk: to comply with regulations, its frequency, and its severity (check back next week for more information). But what can be done about this problem? In a study by Accenture Insurance, only 43% of executives believed that their organization’s cyber defence was fully functional. Cyber risk is a difficult threat to manage as technology is constantly changing and there isn’t one clear cut solution. This list of strategies can be used individually or in tandem to reduce any organization’s cyber risk.

Topics: cyber risks data privacy how to manage cyber risk

Cloud vs. On-Premise Software?

 

This is a guest post by Sara Carter. Sara is a co-founder of the website Enlightened Digital, entrepreneur, and Bostonian.  While writing in the tech and business space, her goal is to explore how changes in the digital world affect business growth and professional development, especially for women.

There are many options and vendors when it comes to computing software. For example, there are application suites such as enterprise resource planning (ERP), customer relationship management (CRM) offerings, and collaboration and content management applications in the software as a service (SaaS) race. However, there are a few other decisions to be made when it comes to utilizing this type of software solution. Organizations can either look to cloud hosting services or they can maintain their on-premise system.

Topics: cloud computing benefits of cloud computing cloud vs in-house on-premise software

Top 8 Risk Management Blogs to Follow

At ClearRisk, we're proud to publish new and valuable content to our risk management community weekly. This week, we thought we'd take the opportunity to recognize some other blogs that are doing a fantastic job of sharing risk information. Here are the top eight risk management blogs to follow, whether you've been in the industry for years or are just starting out. 

Topics: top risk management blogs risk management blog best risk management blog

Top 10 Retail Risk Management Tips [Updated for 2018]

Today’s risk management landscape for any industry is complex and vast. New regulatory measures come into effect each year, new products hit the market, and new distribution channels are developed. In an industry such as retail, risk managers have the added complexity of risks related to the consumer. This adds yet another dimension to an organization’s risk portfolio, making it difficult to present only ten tips for retailers to mitigate risk. But as any risk manager would prioritize their organization's risks, here is a prioritized list of procedures to try: 

Topics: Retail ERM Claims and Risk Management for Retail Retail Risks risk management retail risk management Retail Risk Claims Management Retail Claims Management

The Risk Management Process – In 5 Steps [Updated for 2018]

Good risk management doesn’t have to be resource intensive or difficult for organizations to undertake or insurance brokers to provide to their clients. With a little formalization, structure, and a strong understanding of the organization, risk management planning can be rewarding.

Topics: Risk Management Process 5 steps to risk management identifying risk solution to risk frequency and severity of risk

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