→ Risk management is the process of identifying vulnerabilities and threats to the information resources used by an organization in achieving business objectives, and deciding what countermeasures, if any, to take in reducing risk to an acceptable level, based on the value of the information resource to the organization
→ Small to medium businesses are exposed to risks all the time. Such risks can directly affect day-to-day operations, decrease revenue or increase expenses. Their impact may be serious enough for the business to fail. Most business managers know instinctively that they should have insurance policies to cover risks to life and property. However, there are many other enterprise-wide risks around the environment, data protection, processes, and incomplete or biased information for decision making that all businesses face, some of which are overlooked or ignored.
→ Challydoff provides sound risk management that reduces the chance that a particular event will take place and if it does take place, it reduces the impacts of business disruptions. Our risk management process starts by identifying possible threats and then implementing processes to minimize or negate them.