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How to build a successful risk mitigation strategy

IBM Big Data Hub

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 74
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How to write a disaster recovery plan

IT Governance

Along with business continuity planning , it’s an essential strategy for managing the ever-increasing risk of disruption. Disaster recovery is effectively a form of insurance; you are spending money preparing for a scenario that you hope never occurs. Determine recovery strategies. Organise and document a plan.

Insurance 113
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How to Find the Right Microsoft AX 2012 Support Partner

Ascent Innovations

Provide documentation to your new partner so they have material to reference if an issue arises. While the platform may suit your organization for now, you will need a strategy for your future ERP needs. Support plans, like insurance, are boring. Likewise, a good support partner should be curious about your organization.

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Record Retention Policy for Businesses: A Strategic Guide to Compliance and Efficiency

Armstrong Archives

Everything from tax documents to employee files to bank statements must be kept on file, often for years at a time. Whether it’s maintaining regulatory compliance or simply making tax season easier, an effective record retention strategy is paramount. What is Record Retention?

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What Is Integrated Risk Management? Definition & Implementation

eSecurity Planet

The 911 call center needs a robust phone system, trained staff, and a decision-tree process to understand how to route issues to the appropriate emergency or non-emergency agencies to address a caller’s needs. All risk management strategies strive to use threats to business processes to determine risk.

Risk 67
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Chronicle of a Records Manager: Controlling the Chaos of Disaster Response and Recovery

ARMA International

These undertakings require planning, communication, documentation, and collaboration to be successful. Moving all boxes, books of value, documents, paintings, pictures, and historical objects out of areas with non-boarded windows into the hallway, foyer, or other enclosed areas and placing them on tables to avoid water damage.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. Annuity Suitability Working Group Drafting FAQ Document to Facilitate Uniformity in State Adoption of Revised Suitability in Annuity Transactions Model Regulation.