Organisational Risk & Crisis Management
Every organisation is prone to a variety of risks arising from both natural and man-made sources (e.g. human error, deliberate actions, technology) and this gives way to the occurrence of crises. In this 21st century, security risks are increasingly complicated and interconnected – resulting in multiple failures. Organisations should come to acknowledge that risks are […]
Who is a Modern Corporate Security & Risk Manager?
Changing Times For various reasons such as rapid population growth, globalisation and industrialisation, climate change has accelerated in the past few decades and occurrences of natural disasters have become increasingly frequent. Natural disasters like hurricanes, tornados, and cyclones are highly damaging in nature and are often the cause of many other risks. Power outages caused […]
Business Continuity Management
Business Continuity Management (BCM) in an organisation is defined as the preparation and planning to swiftly recover and operate as per usual after a disaster has occurred. For BCM to succeed, every business has to identify their critical function and resources (e.g. people, supporting systems, infrastructure, technology, funding), as well as physical assets which are […]
Success and Cycle of Security Management
There is a common perception that the Security Management team is a non-productive department and that its employees are low-skilled. This is far from the truth, however. The objective of Security & Risk Management is to secure the organisation and its reputation by minimising the probability of risks and their impact. This can be achieved […]
Exceeding expectations: SRS Global Reach’s commitment to clients
Many trends these days are propelling logistics providers to make the change towards providing end-to-end logistics services. The most prominent of all include the sky-rocketing e-commerce volume and popularity in new business models such as drop shipping where companies do not keep inventory and products are sent directly by logistics companies from the suppliers to […]
Hierarchy of Incidents
Incidents should be classified into different categories, from the least to the most pressing. By ordering incidents according to their risks and impacts, organisations are able to better decide the corresponding security protocols needed to respond to them. We are all aware that one cannot and should not respond to a critical incident with the […]
Five Risk Control Strategies
In the previous articles, we discussed the effectiveness of using a Three-Stage Risk Management Process to manage the risks and incidents effectively. Recall Risk Assessment is conducted to identify and mitigate the risks and their potential impact on any organisation’s functions and resources. Risks can be man-made, as a result of natural disasters or technical […]
Fool-proofing the Risk Management Framework with these 3 questions
Risk management is systematically executed based on the principles and processes outlined in the Risk Management Framework. To have a robust framework, three questions from the Three-Stage Risk Management Framework which we constantly use to ask ourselves: What could the problems be? What should I do about the problems? What happens if the plans go […]
Risk Management: What is it?
What is Risk Management? Risk Management refers to the activities directing and controlling an organisation’s response to risk. It helps organisations make informed day-to-day security management decisions which are aligned to pre-agreed principles, framework and protocols. Risk Management impacts the entire organisation – it is the foundation for risk governance and serves as a playbook […]
Introducing the Security Triangle
Balancing Security and Freedom One can think of Security and Freedom as two ends of the see-saw – when there is too much or too little of one, the other is compromised. Achieving parity between Security and Freedom ensures that threat is adequately managed and controlled. Fig. 1 Security Triangle Scenario 1: More Security, Less […]
