February 3, 2003—To assist businesses overwhelmed by the cost and complexity associated with reducing risk to their assets, SAFE Risk Management Systems recently launched service in the Baltimore-Washington region. According to SAFE, businesses are spending 35 percent more than needed to minimize risk.
SAFE’s suites of services allow businesses to assess and mitigate threats and maintain an up-to-date risk profile. Services include threat and vulnerability assessments; total cost of risk analysis; network security; HR systems protection; physical plant protection; security policy design; financial risk assessment; intellectual property protection; insurance and risk transfer analysis; disaster recovery, and business continuity planning.
SAFE says that small and medium-sized businesses are particularly vulnerable to mishandling risk, and are often victims of the consequences. SAFE estimates that less than 50 percent of businesses have formalized and fully updated disaster recovery business continuity plans. Yet the result of experiencing a catastrophe of any kind—everything from a crashed network, to a natural disaster—causes 50 percent of businesses to fail within 12 months, says the company.
SAFE balances automated risk management software with teams of experienced RMS professionals to create a solution that is affordable and easily implemented. Outsourcing risk management is also efficient and flexible, according to the company.
Because risk evolves over time, and new threats emerge, causing the need for enterprises to continually assess and update their risk management processes, SAFE is developing a Web-enabled Enterprise Risk Information Console (ERIC). ERIC can track enterprise-wide vulnerabilities and is designed to manage the products, services, and procedures required to eliminate vulnerabilities and mitigate risk issues.
For more information visit SAFE.
