People are always viewed as the most important asset in your enterprise. There has been a significant amount of press about the increasing levels of external risk an enterprise must face on a day-to-day basis.
Risk intelligence is one of the most important of the core elements which must be established when building a successful and effective enterprise risk management program.
Risk intelligence is the final and probably one of the most important of the core elements which must be established when building a successful and effective enterprise risk management program.
Previously in this series we have addressed leading by understanding and embracing ERM.
June 1, 2013
Previously in this series we have addressed leading by understanding and embracing ERM. We also covered establishing polices, procedures and processes as the foundation of implementing the core values, operating philosophy and compliance requirements necessary to survive as a viable entity.
Utilizing the principles, standards and methodologies of ERM and/or ISO 31000 as the foundation of security programs is vital in order to transform your security program to holistically address the full scope of the risk, threat and hazard landscape that your organization faces today and into the future. Going forward, we will provide some insight into the concepts of ERM and why it is so important to utilize ERM as the foundation of your security program.
At the New Year we find ourselves reflecting on who we are as an industry, what we’re doing and where we hope to be. Our ongoing research of security-related issues has shed light on some remarkable changes in the security industry in the last ten years, many of which are driven by technology advances and shifts in the business environment.
Since the 1980s, businesses have developed formal ways of gauging, monitoring and pursuing excellence in manufacturing and operations, including the disciplines of Six Sigma, Kaizen, Operations Excellence and Total Quality Management. Delivering excellence in products and services is a common-sense, accepted business objective. But what is “excellence” in security?
“Sport reflects both good and bad aspects of our broader society, whether economic or political issues are in play. The fan that buys a ticket may feel with or against the team, entitled or angry; often as a result of the broader societal environment,” explains Dr. Lou Marciani, Director of the National Center for Spectator Sports Safety and Security. The work at NCS4 primarily benefits its members, professional leagues and division one universities, individual teams and venues. Ultimately, NCS4 serves the fans by providing safety for the enjoyment of spectator events.
Risk appetite isn’t a term that comes up a lot in the security trade media. This is interesting, because understanding risk appetite is a crucial factor in developing acceptable security programs, communicating value, and aligning the function with the goals of the business — all of which are talked about in security circles all the time. So what is risk appetite?
Next month will mark the 100th anniversary of the sinking of the Titanic, and plans abound to memorialize or capitalize on the tragedy, including the re-release of the 1997 movie Titanic in 3D, the production of a commemorative coin, and – believe it or not – a series of Titanic memorial cruises. Some members of the security community recently chose to remember the event in a more constructive way.