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Monday 23 April 2018
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Miss Cleo Not Available? Keep Your Business Prepared With a Risk Management Plan

Governance risk and compliance solutions

Fortune telling has been practiced for thousands of years, and there have been countless different methods that the clairvoyant have used to let people know what to expect in the future. But because hundreds of them have been discredited, it might not be a good idea for businesses to hire a fortune teller to predict the successes and troubles that await them. Instead, they should focus on investing in reliable enterprise wide risk management programs. Business risk and business intelligence services can be delivered to a company onsite, remotely, or with cloud technology, meaning that they are available to every business who wants to make sure they are protected from unforeseen mishaps in the future.

Risk management is defined as the identification and assessment of risks and the coordinated use of resources to monitor, minimize, and control both the probability and negative impact of unfortunate events. Apart from hiring a fortune teller, a strong risk management program might be the best way for businesses to make sure that they are protected from disasters in the future. Problems like getting hacked and losing credit card information can be almost impossible to foresee, but but being prepared for those kinds of situations is a must for businesses who want to avoid costly shutdowns and data losses.

Because of both the lack of expertise and time, many businesses will decide that outsourcing and working with risk management consulting firms is the best way to get the enterprise wide risk management solutions that they need. By partnering with managed security services providers, owners and managers will be able to feel confident that they are prepared for anything the future might bring without having to worry about allocating lots of in house resources to that work.

One concern that businesses might have is that they will not get the customized enterprise wide risk management plans they need to meet their specific requirements. However, the relationship between managed security service providers and their clients is not a turnkey one, and MMSPs are able to take specific needs into account. Their functions include the consistent monitoring and and management of intrusion detection systems and firewalls, performing security assessments and audits, overseeing patch management and upgrades, and, perhaps most importantly, responding to emergencies. As a result, they are a great resource for businesses who want to be prepared for anything, even if they are unable to tell the future. Read more about this topic at this link: essextec.com




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