Business Survival: Training & Simulation to Mitigate Risk...

The risk of loss from external events is a growing emphasis by many Operational Risk Officers.

Preparedness is a key strategy to mitigating hazards and minimizing the loss of property and life. Imagine for a moment that you have a complete model of your facility, building or mall. A virtual model.

One that you can use to train employees, staff and other suppliers about the idiosyncratic nature of your evacuation procedures or shelter-in-place locations.

Not only is this method of training smart, it is cost effective and allows for participant interaction directly with the model and the procedures.

Real-time training with people in one room or multiple locations it does not matter. The participants can be exercised without exposure to potential hazardous situations until they are ready for a complete and full test of the simulation with a live scenario. The other applications include your physical security teams.

The strategy for Business Survival begins with an understanding of how your corporate assets are being attacked, both online and offline. Both physical and digital.

Our corporate assets are under attack by a continuous barrage of new laws, new employees, new competitors and new exploits. Business survival in the next decade will require a more effective and robust risk strategy to deter, detect and defend against a myriad of new threats to the organization.

Modern day attackers include hackers, spies, terrorists, corporate raiders, professional criminals, vandals and voyeurs.

Simply said, these attackers use tools to exploit vulnerabilities. They create an action on a target that produces an unauthorized result. They do this to obtain their objective.

The Mission

Deter the attacker from launching a salvo of new threats to compromise your organizations assets. You first have to understand the value of your corporate assets to determine what are the most valuable in the eyes of your adversary. You must make it increasingly more difficult for these valuable assets to be attacked or you will find yourself under the constant eye of those who wish to create a significant business disruption.

These attackers are individuals who take on these quests or objectives for several key reasons. They include financial gain, political gain, damage or the simple challenge, status or thrill. It’s your job to create deterrence for each one of these objectives.

The Take Away

In order to effectively deter potential risks to your corporate assets, first you have to understand what they are and how valuable they are in the eyes of each kind of attacker. The more valuable the target, the more deterrence it requires.