Third-Party Risk Management (TPRM) is the process of identifying, assessing, and controlling risks presented throughout the lifecycle of your relationships with third parties. This oftentimes starts during procurement and extends …
Integrated Risk Management is the structured approach that enables an enterprise or organization to share risk information and risk analysis and to synchronize independent yet complementary risk management strategies to …
Enterprise Risk Management is a comprehensive approach to risk management that engages people, processes, and systems across an organization to improve the quality of decision making for managing risks that …
Risk Analysis is the systematic examination of the components and characteristics of risk. This is often done through a risk assessment, where a professional will analyze the risk that a …
A Risk Assessment is the product or process which collects information and assigns values to risks for the purpose of informing priorities, developing or comparing courses of action, and informing …
Risk Management is the process of identifying, analyzing, assessing, and communicating risk and accepting, avoiding, transferring or controlling it to an acceptable level considering associated costs and benefits of any …
Risk-Based Data Management is a structured approach to managing risks to data and information by which an organization selects and applies appropriate security controls in compliance with policy and commensurate …
Avoidance refers to avoiding the risk that is found altogether. When mitigating risk, there are four strategies used, one of them being avoidance. Avoidance is to avoid the risk altogether; …
Mitigation occurs when assessing risk. When assessing risk there are many ways to work with the risks that are found in an organization. Risk mitigation is broken down into four …
Risk is the potential for an unwanted or adverse outcome resulting from an incident, event, or occurrence, as determined by the likelihood that a particular threat will exploit a particular …
