Mitie’s Professional Services business has launched a new risk consultancy, which will be marketed under its Source8 consultancy brand.
With businesses facing an evolving range of threats from cybercrime and natural disasters, to disgruntled members of staff, fresh approaches are needed to address organisational risk.
According to research, business interruption remains the top peril for the fifth successive year with almost two-thirds (37 per cent) of businesses ranking it in the top three most important risks they face.
The threat mitigation team, led by Ian Carter, former New Scotland Yard Chief Police Officer and Ken Allison, MBE, former British Military Officer, will help clients understand the threats and risks which could cause their business harm so they can protect the essentials; namely their people, property, information and infrastructure.
Apparently, less than half of business owners (48 per cent) have no continuity or crisis management plan in place. By identifying and addressing real risks, the team can put preventative systems, practices and processes in place. However, should issues occur, they are on hand help businesses cope. Assisting a speedy recovery is vital when considering 75 per cent of companies without crisis plans in place fail within three years of disaster striking.
In addition to mitigating against business threats, deploying a robust approach to threats and risks also signals a clear commitment to staff and customers and can even assist operational performance and cost reduction.
Simon Venn, Managing Director, Professional Services, Mitie, said: “Throughout my career I have seen many unwanted events create significant damage that could have been prevented by strong risk assessment, analysis and mitigation. Some businesses don’t fully understand how vulnerable they are, using sticking plasters to patch up problems, rather than taking the right action to address underlying causes.
“It is only when resilience and security failings actually occur that senior executives find out that their risk management mechanisms are inadequate or unsuitable. Our Threat Mitigation Team provides critical support to help prevent potential issues destroying our customers’ business. Taking expert advice and pre-emptive action early can prove crucial to resilience and recovery in a crisis.”