Category Archives: Risk Management

Risk-based Thinking: Does it Really Matter for Quality?
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Risk-based Thinking: Does it Really Matter for Quality?

“Risk-based thinking”, as an approach, have left organizations torn between whether this approach really matters and makes a difference to the business or whether their risks are addressed the way it should be. With the revision of ISO 9001:2015, this confusion spread like a wild fire. Stringent compliance requirements and timelines have instigated a sense […]

How to Manage the Complexities of Evolving Business Risk
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How to Manage the Complexities of Evolving Business Risk

All businesses today must acknowledge the state of the market in which they are operating and the ways it has evolved to breed risk. Truly, today’s business climate is volatile, uncertain, complex and ambiguous. Technology has unquestionably empowered companies to innovate quickly. However, new challenges have arisen as a result. Years ago, the cable industry […]

Pharmaceutical Recalls: A Risk and Compliance Roadmap for Manufacturers
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Pharmaceutical Recalls: A Risk and Compliance Roadmap for Manufacturers

The three aspects a manufacturer must swiftly address in the instance of a pharmaceutical recall. All manufacturers and distributors wish to avoid having to recall a product. Through governance, risk and compliance tools, and processes they aim to safeguard product quality and standards. This takes not only attention to detail and precision within the company’s […]

5 Simple Tips To Make Strong And Robust Business Continuity Plans
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5 Simple Tips To Make Strong And Robust Business Continuity Plans

Business Continuity Plans Today’s organizations need comprehensive and robust business continuity planning for swift and effective action in case of a disaster or crisis. As the trade and supply chain have gone global, businesses today expect crisis response to be in seconds, not in hours, to ensure that the ripple impact is minimized. As organizations […]

Ensuring Resilient Cyber Safeguards in Cloud Applications
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Ensuring Resilient Cyber Safeguards in Cloud Applications

Assessing Cloud Application Vendors from a Security Perspective Enterprises of all structures and sizes across the globe have been adopting cloud for all needs – for computing, storage, databases, to hosting business applications. They are also proactively addressing cyber-security needs – both as dictated by internal Info-Sec controls, as well as those coming from external regulatory mandates. For enterprises […]

What Startups Can Do About Cyber Attacks
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What Startups Can Do About Cyber Attacks

A cybersecurity report by Ponemon Institute, in association with Keeper Security, found that in the 12 months leading up to June 2016, 55 percent of small and medium-sized businesses (SMBs) experienced a cyber attack, while 50 percent encountered data breaches involving customer and employee information. These statistics belie the common notion that cybercriminals attack only […]

How to Mitigate Risk Exposure from Vendor Relationships
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How to Mitigate Risk Exposure from Vendor Relationships

Outsourcing business activities to a vendor does not include outsourcing the risk and compliance responsibilities. Relying heavily on vendors, with low or limited visibility into the vendor networks, exposes organizations to high risks. Therefore, understanding and managing vendor risks is crucial to maintain sustainable businesses. With a strong Vendor Risk Management (VRM) program companies can […]