New approach to Risk Management revolutionizes organizational security practices
Risk Management is crucial for businesses, but it's often seen as just a task rather than a concept. We mistakenly separate risks into financial and nonfinancial categories, overlooking the impact of security risks. This article breaks down common misconceptions about Risk and emphasizes the interconnectedness of assets, processes, and associated risks. It highlights the importance of all functions in managing risks, not just dedicated Risk management teams. The concept of Overall Risk Management is introduced, emphasizing the need for a coordinated approach to assess and control risks effectively in commercial organizations.