Tag Archive risk management

Nonprofit Organization

A Surprising Way to Promote Trust at Your Nonprofit

Though many people go to work for a nonprofit because they value the types of services they provide or causes they support, employee and volunteer trust is not necessarily a given. Creating an environment that establishes transparency in company practices helps to develop trust at all levels of the organization. One surprising way to open the doors to transparency is by encouraging incident reporting in nonprofits.

Open a Dialogue Around Risk Management

Filing incident reports is often an established procedure and employee responsibility. However, there are several reasons employees and volunteers neglect the process. As reported on https://visvolunteers.com, opening up communication on the shared responsibility for risk management across the organization can reduce barriers to incident reporting, such as:

  • Fear of negative impacts on an individual’s or company’s reputation
  • Concerns that issues will not be addressed
  • Fear of negative repercussions for the reporter
  • Concerns over the strength of the reporting system

Regularly inform organization personnel about the importance of filing incident reports to the improvement of company practices. When incident reports are filed, follow up with the individual who filed it, acknowledging its receipt and, if possible and appropriate, any steps that were taken to address any issues revealed in the report. Encouraging incident reporting in nonprofits helps to increase organizational transparency and employee and volunteer trust.

usrisk

Cyber Insurance Needs on the Rise in the New Decade

Completing a cyber insurance questionnaire ensures you have a policy that meets the needs of your business. Before you fill it out though you should know why you need cyber insurance in the first place. Even small businesses benefit from protecting their data both on their network and on the internet.

Data Breaches

Norton estimates that over 4 billion records were breached in 2019. This number is half again as much as 2018 making cybersecurity a must for any business operating on a network. The largest breaches include Capital One, DoorDash, Evite, Georgia Tech, Zoll Medical, FEMA and BioStar 2. This doesn’t include the countless small businesses breached throughout the year that didn’t make headlines.

Network Mistakes

Large corporations have made the mistakes this year as in previous years of simply not securing their networks properly. These unsecured databases account for the majority of data breaches. Small businesses are just as prone to making these mistakes.

Cyber Insurance

As seen on www.usrisk.com/, the questionnaire looks at the business’ risk management strategy, data management, network security and history of cyberattacks. These help the insurance company determine how much risk your business poses and can help them provide the coverage you need should a breach happen.

Complete the cyber insurance questionnaire to see how well you are handling securing your data against a breach. Use this information to obtain the necessary insurance and create a more robust cybersecurity process.