The reputation of your business is its most precious—and precarious—asset.In an era of viral headlines and instant customer feedback, every business decision carries the weight of potential public scrutiny. Learn about various types of reputational risk, their potential impact on your business, ...
A similarly expansive type of risk,operational riskinvolves anything that could affect an organization's ability to run its business operations effectively and efficiently, said Emily Frolick, an advisory partner at professional services firm KPMG and U.S. leader of its Trusted Imperative risk manageme...
Benjamin Franklin once famously said, “If you fail to plan, you are planning to fail.” Business owners know well that not everything goes smoothly. But it’s still possible to prepare for the unexpected by implementing a business risk management plan. The specific details of such a plan v...
Reputational Risk:A company may suffer threats to its reputation as a result of negative publicity, corporate scandals, or other high-profile problems that erode the public’s trust in the organization. Reputational risk can affect a company’s relationships with its customers, investors, e...
What are the different types of business risk?RiskRisk is the uncertainty of future events that may lead to a decrease in monetary gains in the business. A business analyst can evaluate the possibility of risk factors and can take adequate measures to reduce the risk probability....
Types of Uninsurable Perils While in no way a complete list, the major areas where insurance is unobtainable include reputational risk, regulatory risk, trade secret risk, political risk, and pandemic risk. Reputational Risk Reputational riskoccurs when a company does something, or something happens...
were affected by data breaches, leaks and exposure — putting their privacy and sensitive data at serious risk. As cybercriminals become more sophisticated, the importance of understanding the types of cybercrime and how to protect yourself online has never been greater. In this post, we’l...
chains and third-party vendors have gained popularity, exposing vulnerabilities in interconnected networks. Currently these hacking techniques focus on targeted vulnerabilities in vendor systems with an end goal of breaking into larger organizations, causing data breaches, financial losses, and reputational ...
Protecting yourself against cybercrimes is essential in today’s digital age, where threats are increasingly sophisticated. By adopting proactive measures, you can significantly reduce your risk of falling victim to these attacks. 1 Be vigilant when browsing websites:Always pay attention to the websit...
This type of vulnerability exposes the underlying server file system to unauthorized users, which poses a serious security risk. It allows attackers to access sensitive files such as application code, data, configuration and even databases. This potentially leads to data theft, website defacement, or...