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Operational Risk: A Guide for Businesses
Operational risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events. It is the risk of loss associated with inadequate or failed internal processes, people, and systems, or from external events. It encompasses a wide range of risks including strategic, compliance, reputational, financial, IT, and physical risks. Operational risk is a broad term that encompasses the risk of loss due to inadequate or failed internal processes, people, and systems, or from external events. It is the risk of losses resulting from inadequate or failed internal processes, people, and systems, or from external events. This includes risks associated with legal and regulatory compliance, financial losses, reputational damage, IT security breaches, and physical risks such as natural disasters. Operational risk management is the process of identifying, assessing, and mitigating operational risks in order to protect an organization’s assets and operations. This involves the development of policies and procedures, the implementation of risk management systems, and the monitoring of operational risks. Operational risk management is an essential component of any successful business, as it helps to ensure the safety and security of an organization’s resources and operations.
Hear from world-renowned GRC analyst Michael Rasmussen about 6clicks and why it's breakthrough approach is winning
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'Push-down' standards to teams
'Push' your standard templates, controls, and risk libraries to your teams.
'Roll up' analytics for reporting
Roll-up analytics for consolidated reporting across your teams.
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"The best cyber GRC platform for businesses and advisors."
David Simpson | CyberCX
"We chose 6clicks not only for our clients, but also our internal use”
Chief Risk Officer | Publically Listed
"We use Hub & Spoke globally for our cyber compliance program. Love it."
Head of Compliance | Fortune 500
"The 6clicks solution simplifies and strengthens risk, compliance, and control processes across entities and can grow and adapt as the organization changes and evolves."
GRC 20/20 Research LLC