which is essential in this age of instant communication andsocial medianetworks. In other instances, this risk can be more insidious and last for years. For example, gas and oil companies have been increasingly targeted by activists because of the perceived damage to the environment caused by...
Cyber risk, the potential for harm due tocyberattacksor data breaches, can lead to financial losses, data theft and operational instability. Reputation, of course, is how your stakeholders perceive your organization. While cyber risk and reputational risk are two different concepts, one can have a...
The first method of preventing reputational risk is to lean on the core values of your organization. You can include the mission and vision in your decision making, too. By relying on these building blocks of your company culture, you can not only shield it from harm, you can double down ...
"Once that trust factor is undermined, it can have a ripple effect, leading to financial harm, embarrassment, or drop in employee retention." Another risk factor is loss of corporate resources, Heimes continues. Anytime someone mishandles personal data, it takes a lot of time away from ...