There are many aspects of a business that can be vulnerable to threats or external attacks. Risk management consulting intends to recognize and monitor these.
- Strategic Risk: Threats that can impact an organization’s strategic objectives and business plan
- Compliance Risk: Threats that result from regulatory requirements and whether or not the business meets them
- Financial Risk: Risks that harm a company’s profitability and financial planning
- Reputational Risk: Threats that relate to a business’s image and how the public perceives them
- Security Risk: Possible threats to the organization’s information, which can entail data leaks and security breaches
- Quality Risk: Risks in relation to the products and services offered which may cause the loss of customer base
An external team of professionals may help you identify which of these risks apply to you. Identifying their possibilities is crucial to mitigate them and find an appropriate solution.