The Pitfalls of a “Set it and Forget it” Risk Management Strategy

Achieving a 360° view of risk & incident management in Higher Education.

Preparing and rolling out a risk management strategy is no easy task, which is why it might be tempting to move onto the next project once this task is complete. Unfortunately for security & risk pros, the number and class of threats that impact universities and colleges seem to be increasing every day.

Many populations-your faculty, your staff, your student body, your community-rely on you to be more prepared. Faster at restoring operations. Better at responding to incidents.

So – as incident & risk management requirements increase on top of everything else – how can academic institutions keep up?

Risk Management

Managing risks isn’t a “normal” behavior. Executives, because they’re only human, tend to make mistakes when assessing the likelihood that something bad will happen.

For example, according to Harvard Business Review, if you’re called on to assess organizational risks, chances are good that you’ll:

  • Think that extreme events can be predicted, instead of concentrating on what would happen if they did.
  • Look too much at the past as a way to predict future risks-despite the fact that there’s no such thing as a “typical” crisis.
  • Tend to ignore advice about what not to do.

One advantage of risk management software is that it helps to identify and evaluate risks, and then communicate those risks to the business.

Incident Management

Incident management software can both provide insight into the past and offer a degree of predictability about the future-whether you’re looking to stop students from illegally downloading movies, or to identify a pattern of assaults in the quad.

Quick Facts

States mandating campus sexual assault climate surveys

  • Maryland: House Bill 571 requires institutions to report beginning June 1, 2016
  • New York: “Enough is Enough” law goes into effect on July 7, 2016, requiring comprehensive sexual assault procedures and guidelines.
  • Washington: SSB 5518.SL requires reporting by December 31, 2016
  • Louisiana: SB 255 requires a yearly anonymous survey

Source: Campus Clarity

The advantage of leveraging software to manage incidents is that the data is collected in one place and can be displayed as reports and dashboards that, when configured correctly, can inform your organization’s response to incident trends, steer policy decisions, and help satisfy compliance requirements.

In the best case scenario, an integration between risk and incident management systems would allow academic institutions a 360° view of their operations – driving insight and eliminating unnecessary risks where possible.

If it’s not already obvious, a “set it and forget it” approach to incident and risk management is wildly insufficient.

The good news? Software can make all of that easier.

At Resolver, we understand that higher education faces unique challenges-which is what has made us the risk backbone for many institutions across North America and around the world.

For over a decade, we have provided organizations like yours with decision-making, compliance and risk incident management solutions. We make it simple for higher education to address business, audit, risk, compliance, and security issues proactively-and to demonstrate and document these efforts to internal and external stakeholders.

When you partner with Resolver, you’ll leverage the power of the most complete cloud software available-as well as a team of risk, compliance, and security experts supporting customers across 100 countries-to bring all of your important activities into a single portfolio.

Dive in to a real-world example that demonstrates how Resolver helps organizations to connect their risk and incident management strategies. Take a quick guided tour.

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