WHAT IS RISK MANAGEMENT?
Risk management is identifying, assessing, evaluating, and mitigating the impact of an unseen event. Insider threats, adversarial actions, legal liabilities, accidents, natural disasters, and brand reputations are some risks facing individuals and corporations. The North Group helps our clients navigate various crises by mitigating adverse impacts and helping them overcome complicated problem sets. We are ready to bolster your resilience and ensure your stakeholders, family members, assets, and cyber connectivity remain safe and secure.
IDENTIFYING THREATS
Our clients face various threats, whether intentional, natural, or self-induced; however, you must first assess them to mitigate them. Identifying known, likely, or suspected threats gives an understanding of the risks to a lifestyle or business ecosystem.
TNG employs proven intelligence processes, analysis, best practices, and global threat monitoring resources to help you understand these threats.
These tools refine and validate identified threats and assist in implementing effective solutions. When we appropriately identify and understand the threat, we can then determine our vulnerabilities to it.
ASSESSING VULNERABILITIES
Once our risk management team has determined your threat matrix, the next step is evaluating existing vulnerabilities.
We can determine your vulnerabilities through interviews, site assessments, and closely sourced intelligence collection and analysis. When weaknesses are identified, we evaluate the countermeasures (or control measures) currently in place to mitigate the current threats and vulnerabilities.
After completing this evaluation, we are at the final phase of determining client risk, known as impact analysis.
ANALYZING IMPACTS
Potential loss, exposure, long- and short-term effects, as well as the viability of the other factors (threats, vulnerabilities, and countermeasures), are considered when analyzing the impact. Evaluating impacts and improving mitigation efforts can save clients exorbitant costs, loss of life, litigation expense, supply chain disruption, and other business failures. By analyzing the impact of your risks, we can identify ways to reduce them and prioritize mitigation measures.
VALIDATING THE ANALYSIS
Identifying and mitigating your risk is only part of the solution. Validating your efforts is what proves the effectiveness of their strength and viability. This validation comes from testing. Testing through events such as Red Teams or training exercises that facilitate continuous improvement to your capabilities – before a crisis occurs.
LET US GUIDE YOU TO A MORE SECURE WORLD.
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