enterprisesecuritymag

Fraud in the Time of COVID

Top 10 Risk Management Consulting/Service Companies - 2020

Today, common challenges to effectively performing risk assessments are similar in nearly all organizations, but the strategies implemented to identify and prevent these challenges is unique to every organization. Sincere, thoughtful and authentic evaluation of risks facing an entire enterprise or a business segment enables appropriate identification of impending threats. Such a process of risk assessment works as an offensive discipline that helps to create a robust risk mitigation framework. Efficient implementation of a risk-adjusted mitigation strategy creates a competitive advantage that brings superior returns. Modern cybersecurity threats evolve and become more difficult to deal with every day. In spite of the changing nature of threats, their two most common sources remain consistent—human error and third-parties. These weaknesses inherently compound when business is engaged in the transfer of data with another organization. In other words, vendor risk management policy needs to be rigorous enough to account for both sets of threats.

To identify the challenges in information security risk management, existing approaches are compared against each other, and as a result, an abstracted methodology is derived to align the problem and solution identification to its generic phases. The challenges have been identified based on literature surveys and industry feedback.

Risk may vary from vendor to vendor and department to department. What your vendor management department thinks of risk might not be a risk for and IT department. One of the biggest challenges would be maintaining consistent and commonly applied risk terminologies. The most challenging thing that would come across anything would be defining risk itself. It is to ensure that each risk must be consistent and backed by correct instructions along with the clear guidance of laws and regulations that define risk is supported by the regulatory directions.

Challenge that originations usually faces is while reporting two kinds of risks which are what kind or information should be discussed with internal and external management or vendors and how it should be communicated. Handling external risks are not that difficult since external management or public is limited to share certain information only.

We present to you, “Top 10 Risk Management Consulting/Service Companies - 2020.”

Top Risk Management Consulting/Service Companies

AssuredPartners is the 6th largest independent P&C insurance brokerage in the nation with offices in over 34 states, the London and Belgium. The company provides property and casualty and employee benefits insurance brokerage services to commercial customers and individuals. The team of risk mitigation specialists at AssuredPartners deeply analyze different types of risks and categorize those based on two criteria—the ones that can be transferred cost-effectively and the ones that can be retained. Its experienced consultants understand the complexities of clients’ organization and help them effectively navigate their specific risk factors

assuredpartners.com

Bogaard Group International (BGI) is a global security consulting firm that offers tailor-fit security solutions to its clients. BGI understands that conventional security measures and policies are no longer suitable for the modern world. For that reason, itworks with clients to create innovative and adaptive solutions that excel in today’ssecurity climate. BGI’s clients' first approach makes it incredibly successful in the security solutions market even without a sales team

www.bogaardgroup.com

BridgeRM

BridgeRM

BridgeRM helps banks, mortgage banks and government entities with growth and Risk Management (the "RM" in BridgeRM). The firm desires to improve the lives of the people they serve by making this complex world simple. BridgeRM "Builds Bridges to better" through solutions like outsourced quality control, internal audit, process analysis, risk assessments, and growth consulting. BridgeRM is the premier provider of government loan consulting services in the nation, serving many of the nation's largest mortgage servicers

Capax RM

Capax RM

CAPAX is one of the largest locally owned insurance brokerage and employee benefits consulting organizations located in the Central Valley of Northern California. Over its 60 years of continuous operations, as Giddings, Corby, Hynes, the company has grown to its present position as one of the premier U.S. retail brokers. CAPAX has earned the reputation as a nationwide leader in insurance and employee benefits services, providing Strategic and Innovative solutions for their clients. Contributing to their growth is their fundamental commitment to Integrity and Trust in a complex business environment

CIAL Dun & Bradstreet

CIAL Dun & Bradstreet

Founded in the United States in 1841, Dun & Bradstreet was the world’s first successful credit reporting agency. In 1870, Dun & Bradstreet expanded internationally for the first time, opening an office in Mexico. Today, more than 140 years later, CIAL Dun & Bradstreet continues their proud tradition in Latin America as the official partner of the Dun & Bradstreet Worldwide Network in the region. The firm provides governments, non-governmental organizations, and businesses of all sizes with solutions that enable them to make decisions with confidence

Genesis Consulting

Genesis Consulting

Genesis Systems Consulting, LLC is a professional technology group formed in 1999 to serve as a single source for managing and securing information systems. Genesis is centrally located and has been operating out of Coral Gables since its inception. Genesis ownership is made up of various professionals with technology, management and consulting experience gathered from Big 4 accounting firms to larger regional and national accounting firms

Iceberg

Iceberg

Iceberg Networks plans, deploys, and manages successful programs for Integrated Risk Management (IRM). By providing trusted, aggregated, and transparent risk intelligence, organizations can make more confident and effective business decisions. Iceberg is home to over 25 certified and practicing GRC experts, a strong leadership team and a diverse employee base. Working side-by-side with their clients, they bring out their collective best through honest communication, respect and a passion for solving problems together

Plante Moran

Plante Moran

Plante Moran is among the nation's largest certified public accounting and business advisory firms. They have more than 30 years of collaborative risk experience, and they've seen it all. Plante Moran believes that risk management is everybody's business — and offers a comprehensive suite of services to help leaders manage it. From internal fraud to cyberattacks, they help clients prepare for and respond to those risks that separate successful organizations from the rest. The key is a holistic approach that includes people, process, and technology and takes an entire organization into account. Whether solving financial puzzles, protecting sensitive data, or locking down internal controls, their professionals provide best-in-class, customized recommendations and set up clients for success — despite an ever-evolving risk landscape.

ProAssurance

ProAssurance

ProAssurance’s group of insurance companies specializes in providing the full spectrum of healthcare liability, workers’ compensation, and legal professional liability insurance options. ProAssurance professionals possess deep knowledge of underwriting, risk management, and claims handling, all while representing a unique pledge to treat clients and all involved fairly. ProAssurance Group holds a financial strength rating of A (Excellent) from A.M. Best; that group is made of up ProAssurance Casualty Company, ProAssurance Indemnity Company, Inc., ProAssurance Specialty Insurance Company, and ProAssurance American Mutual

Valueonshore Advisors

Valueonshore Advisors

Valueonshore Advisors partners collaboratively with clients to navigate complex and pressing business challenges in order to enhance operations, capitalize on business opportunities and enable future growth. Within a short span of time, they have won the confidence of numerous multinational and Indian clients and are the partner of choice for Transaction Advisory Services, Business Risk Services, Taxation Advisory and Accounting & Assurance Services