Organizations of all sizes and in all industries are finding it costly to modify incident reporting systems once they have been installed. As a result, as time goes on, the threats, risks, processes and
...Read MoreOrganizations of all sizes and in all industries are finding it costly to modify incident reporting systems once they have been installed. As a result, as time goes on, the threats, risks, processes and reporting requirements of organizations have changed, while they remain tied to the systems implemented years ago.
It's a common factor that organizations change, often acquiring new businesses and divesting of others. Internal and external threats change, and reporting requirements increase as regulatory bodies tighten oversight and companies expand across borders. These changes involve new threats and exposure to new risks, which need to be managed properly. A key tool in ensuring this happens is an incident management system, which must be flexible from the outset in order to accommodate new challenges.