Risk Mitigation and Compliance
Discover all there is to risk mitigation, how it fits into risk management, and how to apply it in an organization.
Risk mitigation is the strategy that organizations use to lessen the effects of business risks. It’s similar to the risk reduction process, wherein potential business threats are identified before the organization takes the necessary steps to lessen the effects of these factors.
Some of the threats and risks that modern organizations, businesses, and enterprises deal with include cybersecurity threats, natural disasters, and anything that may cause damage to the equipment, personnel, and facilities of an organization.
