Enterprise Risk management is an essential element of the strategic management of any organization and should be included in the ongoing activities of the business. It is the process of identifying and addressing any kind of event that represent risks to the achievement of objectives, or to opportunities to gain a competitive advantage in the market. Enterprise Risk management is the assessment of significant risks and the implementation of suitable risk responses. Risk responses include acceptance or tolerance of risk; avoidance or termination of risk; risk transfer or sharing via insurance, a joint venture, or another arrangement; and reduction or mitigation of risk through prevention activities. Enterprise Risk management comprises positive and negative risks that are two sides of the same coin, despite having very different consequences. It may seem difficult to assess and monitor positive risks since they only help the organization and they provide a unique approach to risk anal
Enterprises Risk Management Cyber Security