Risk Management

#RiskManagement "What happens is that the facts of the world are filtered by our brains through the coloured lenses of world-view, paradigms, theories, hypotheses, conjectures, hunches, biases and prejudices we have accumulated through living. We then sort through the facts and select those that confirm what we already believe and ignore or rationalise away those that contradict our beliefs." Shermer, M. (2011) The Believing Brain: From Spiritual Faiths to Political Convictions - How we construct beliefs and reinforce them as truths, Little Brown Book Group, p.43 #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

"#Security #riskmanagement has to take an intelligence-driven threat stance, considering the corporation's criticalities and vulnerabilities. This informed view has a clear and documented audit trail that justifies why such mitigation strategies were applied." Cubbage, C. and Brooks, D. (2013) Corporate Security in the Asia-Pacific Region: Crisis, Crime, Fraud and Misconduct, CRC Press, p. 71 "...the security professionals have done a rather poor job of educating corporate management as to what it takes to be a 21st century security professional..." "...and being an ex-spy or investigator is not the same as establishing and managing a corporate assets protection program." Kovacich, G. and Halibozek, E. (2006) Security Metrics Management: How to Manage the Costs of an Assets Protection Program. Butterworth-Heinemann.p.4. #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

#RiskManagement #Uncertainty : "...the more accurately one property is measured, the less accurately the other can be known, fundamentally challenging classical physics' assumptions of simultaneous measurability of all variables." "The principle has significant implications across various domains " Research -->> https://buff.ly/9jgVjoT N-Body Challenge -->> https://buff.ly/P7EkAlt Security Risk Management in Depth -->> https://buff.ly/k9ubS8i "The uncertainty principle, also known as Heisenberg's indeterminacy principle, is a fundamental concept in quantum mechanics. It states that there is a limit to the precision with which certain pairs of physical properties, such as position and momentum, can be simultaneously known. In other words, the more accurately one property is measured, the less accurately the other property can be known. More formally, the uncertainty principle is any of a variety of mathematical inequalities asserting a fundamental limit to the product of the accuracy of certain related pairs of measurements on a quantum system, such as position, x, and momentum, p.[1] Such paired-variables are known as complementary variables or canonically conjugate variables." Research -->> https://buff.ly/DRXxZIZ #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

#RiskManagement #Projects "The pressure to start quickly and often to deliver at speed can mean that it is not possible for decision?makers to fully understand a project’s #risk and uncertainty. " "The inherent complexity, scale and long duration of mega-projects mean that establishing whether something is deliverable or feasible, and understanding the level of uncertainty and risk, tends to be even more challenging and take longer to fully understand. " (p.16) "On a mega-project, each phase can be particularly complex and have different risk profiles and stakeholders involved, and previously set decisions can be reopened several times. " (p.18) "There is a risk that decision-makers add more governance arrangements with additional boards, which risks confusing the programme. " (p.19) "...there is a risk that, instead of there being informed assurance at key points, assurance becomes ongoing non-expert commentary which could cause delay and confuse accountability. " (p.20) "'A combination of high cost, #risk and uncertainty: Mega projects are often so costly, and carry so much risk and uncertainty, that cost increases can dominate the financial position of a department or even the whole of government and can also create opportunity costs elsewhere." (p.9) "Delivering mega-projects – including managing the risks and achieving the full scope of benefits – can therefore require multiple departments, different tiers of government and other organisations to be involved in decision?making and governance structures. " (p.11) #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement

#RiskManagement #Security "The n-body problem in general relativity is considerably more difficult to solve due to additional factors like time and space distortions. " "Small changes in initial conditions can lead to dramatically different outcomes (chaos theory). This sensitivity makes the problem very difficult to solve accurately over long periods. " "For three or more bodies (3-body problem and beyond), the solutions generally cannot be expressed in closed-form analytic equations due to the nonlinear and chaotic nature of gravitational interactions. " "The n-body problem is a classical problem in physics and mathematics, involving predicting the individual motions and gravitational interactions of multiple celestial bodies under mutual gravitational attraction. The term “n-body” refers to the number of interacting bodies, where “n” is typically 3 or more. " Read More -->> https://buff.ly/hbRPGSd Research -->> https://buff.ly/16kIZkh #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

#RiskManagement "...in practice and reality, #culture is neither fixed nor evenly distributed or conceived across groups or communities. That is, individuals introduce further, confounding variables, such as bias and orientation. Much of which is invisibly imprinted or inherited from surrounding environments, nurturing and society(ies). Often with little consideration or understanding of how this may vary from one group, geography or community to the next." "Risk Management, Security Management and Safety Management in practice are comprised of disparate influences such as culture, science, beliefs, quasi-scientific 'methods', ideology, tropes, metaphors, group-think and peer pressure. As a result, a considerable amount of what is taught, learned or applied within either risk management, security management or safety management is passed on from others, the community-accepted norms or the preferred dogma of those in power or influence. " Ridley, T. (2022) Risk Management, Security Management & Safety Management: The Hundredth Monkey Effect and Damage. Read More -->> https://buff.ly/mAjEyAC #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

#RiskManagement "A risk does not arise from the presence of particular precise danger embodied in a concrete individual or group. It is the effect of a combination of abstract factors which render more or less probable the occurrence of undesirable modes of behaviour. " Brown, P. (2013) Social Theories of Risk. in: Elliott, A. (ed.) The Routledge Handbook of Social and Cultural Theory. London: Routledge; pp. 157-174. "Risk is one central feature within this rationalizing response to suffering and problems surrounding risk, at the individual, organizational and state policy level, could be usefully considered via the continued presence of ‘charismatic needs’ and the failings of certain bureaucratic-instrumental approaches to attend to these. " #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

#RiskManagement "Single-loop learning focuses on improving existing strategies without questioning underlying assumptions, while double-loop learning involves a deeper reflection that challenges these assumptions, leading to transformative changes in practices and policies. " Mihailoaie, C. (2014) 'What is the difference between single-loop and double-loop learning?' at Performance Magazine, The KPI Institute Available At: [https://buff.ly/rdN8xkv] (Accessed 22 Mar 25) "Risk Management, Security Management and Safety Management in practice are comprised of disparate influences such as culture, science, beliefs, quasi-scientific 'methods', ideology, tropes, metaphors, group-think and peer pressure. As a result, a considerable amount of what is taught, learned or applied within either risk management, security management or safety management is passed on from others, community accepted norms or the preferred dogma of those in power or influence. Irrespective of wether the theory, practice or process is evidenced, scientific or pure mythology masquerading as an authoritative discipline or profession. " Ridley, T. (2022) Risk Management, Security Management & Safety Management: The Hundredth Monkey Effect and Damage. Read More -->>> https://buff.ly/h13wEWV #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

#RiskManagement "Building #cybersecurity expertise - A new control was added recommending that the board of directors or executive committee maintains a sufficient level of cybersecurity literacy to fulfil both their fiduciary duties and any legislative or regulatory obligations. [ISM-2002] " "Identifying critical business assets - A new control was added recommending that the board of directors or executive committee understands the business criticality of their organisation’s systems, applications and data, including at least a basic understanding of what exists, their value, where they reside, who has access, who might seek access, how they are protected, and how that protection is verified. [ISM-2005] " "Championing a positive cybersecurity culture - A new control was added recommending that the board of directors or executive committee champions a positive cybersecurity culture within their organisation, including through leading by example. [ISM-2001] "Embedding cybersecurity - A new control was added recommending that the board of directors or executive committee defines clear roles and responsibilities for cybersecurity both within the board of directors or executive committee and broadly within their organisation. [ISM-1997] " "Protecting systems and their resources - The existing control recommending that system owners determine the type, value and security objectives for each system based on an assessment of the impact if it were to be compromised was amended to recommend that system owners determine the system boundary, business criticality and security objectives for each system in consultation with the system’s authorising officer. [ISM-1633] " #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement

#Intelligence #Security #RiskManagement "The pace and scale of change since the last independent review in 2017 are remarkable. The world in which Australia seeks security and prosperity is significantly more contested, fragmented and volatile. Major-power conflict is no longer unimaginable. New security threats are prominent, many amplified by technological change. The fragility of borders, a feature of our security landscape for some time, is more evident than ever. Australia faces both a more dangerous international environment and a growing need to defend itself against threats to its democracy, social cohesion and essential infrastructure. " #security #securityriskmanagement #securitymanagement #securityrisks #enterprisesecurity #cybersecurity #physicalsecurity #informationsecurity #digitalsecurity #securityoperations #enterprisesecurityriskmanagement #securityassessment #intelligence #threatlintelligence #risk #riskmanagement #safety #safetyfirst #safetymanagement #safetyassessment #safetyrisks #safetyculture #safetyanalysis #personalsafety #workplacesafety #healthandsafety #hazard #danger #peril #threat #PPE #protectivesafety #workplacesafety #risk #risks #enterpriserisk #enterprisesecurityriskmanagement #intelligence #threatlintelligence #riskmanagement #riskanalysis #riskassessment #riskmanagementframework #operationalriskmanagement #projectriskmanagement #projectrisk #operationalresilience #resilience #operationalrisk #riskintelligence #governance #crisis #crisismanagement #complexity #chaos #crisisleadership #crisisplan #crisismanagementplan #stress #governance #decisionmaking #riskmanagement #riskinformed #securitymanagement #securityriskmanagement #resilience #humanfactors #emergency #disaster #emergencyresponse #travelsecurity #travelsafety #travel #businesstravel #tourism #travelrisks #travelriskmanagement