According to the WHS Act, organisations are legally obligated to protect both their employees’ physical and psychological health. In other words, just as organisations must do what is reasonably practical to eliminate and reduce the risk of physical hazards, the same must be done for psychological hazards.
On a global scale, risks are changing rapidly with technology and development. Issues that organisations face today haven't been ones that have been experienced in the past - think AI, blockchain, cybersecurity, not too much that pandemic COVID-19. Keeping in mind the exponential rate of change, managing risks systematically and proactively to overcome challenges that arise has become imperative to building trust and resilience across your organisation.
In today’s highly digital and global world, the potential for information security incidents has become more and more likely. Information security incidents are situations or issues where a threat has affected the security of your business network and the ability of your employees to do their work. Think hacking, malware, authentication issues and IT system failures.
If you're involved in risk management at your organisation, there’s sure to be a great deal of responsibility placed on your shoulders to ensure that not only threats to your organisation are managed, but that your company is positioned to meet its objectives and make informed decisions. Given the breadth of potential risks that might affect your workplace, we have compiled a list of some of the factors you should consider when building and executing your risk management plan.
When it comes to managing incidents, the difference between a rapid, coordinated response and a delayed and fractured one can have huge consequences to your bottom line and reputation.
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