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The Swiss cheese model of accident causation is a model used in risk analysis and risk management. It likens human systems to multiple slices of Swiss cheese , which has randomly placed and sized holes in each slice, stacked side by side, in which the risk of a threat becoming a reality is mitigated by the differing layers and types of defenses ...
The second line of defence consists of the independent functions of Risk Management, Compliance, and Operational Risk. This line of defence monitors and facilitates the implementation of effective risk management practices by the first line, providing "oversight and challenge"; [24] and also assists the "risk owners" in producing and ...
Blitzkrieg – A method of warfare where an attacking force, spearheaded by a dense concentration of armoured and motorised or mechanised infantry formations with close air support, breaks through the opponent's line of defence by short, fast, powerful attacks and then dislocates the defenders, using speed and surprise to encircle them with the ...
Operational risk management (ORM) is defined as a continual recurring process that includes risk assessment, risk decision making, and the implementation of risk controls, resulting in the acceptance, mitigation, or avoidance of risk.
As a former military intelligence officer, serving in the Defense Intelligence Agency (DIA), I tracked foreign threats to the U.S. homeland, identifying adversaries’ plans, intentions and ...
Systematic risk; Three lines of defence; Treasury management; Uncompensated risk; Valuation risk; Value at risk. Computation Historical; Monte Carlo; variance-covariance; delta-gamma; Alternate measures Entropic value at risk; Conditional value-at-risk / Expected shortfall; Tail value at risk; Extensions Profit at risk; Margin at risk ...
Risk Control Strategies are the defensive measures utilized by IT and InfoSec communities to limit vulnerabilities and manage risks to an acceptable level. There are a number of strategies that can be employed as one measure of defense or in a combination of multiple strategies together.