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Get Protected. Reduce Vulnerability. Embrace Life.
Risk
Risk is the potential of harm, in consideration of impact and probability.
Continue exploring to learn more.
The Basics of Risk. What You Should Know!
Asset
Threat
Threat
Assets include persons (You!), places, or things having a positive value to a protected client
Threat
Threat
Threat
Threat is a person or circumstance (medical) having potential to harm you (the asset)
Impact
Threat
Vulnerability
Impact is the damage following a successful assault or exploitation of you (the asset)
Vulnerability
Vulnerability
Vulnerability
Vulnerability is any weakness that can be exploited by a threat to harm you (the asset)
Probability
Vulnerability
Probability
Probability is the likelihood a vulnerability will be exploited by a threat to harm you (the asset)
Risk
Vulnerability
Probability
Risk is the potential of harm to you (the asset), in consideration of impact and probability.
Protection
Risk Management
Protection
Protection is an action, resource, or capability designed to reduce or eliminate a vulnerability
Cost
Risk Management
Protection
Cost, with respect to protection implementation costs, tangible and intangible
Risk Management
Risk Management
Risk Management
Establishing protection measures to achieve an acceptable level of risk at an acceptable cost
Risk Management Fundamentals for Protection
Threat & Vulnerability Assessments
The process of identifying, characterizing, analyzing, and determining a potential or credible threat, to include threat vulnerability, faced by you (the asset)
Risk Assessment
The process of determining the probability of a threat successfully exploiting a vulnerability and the impact on you (the asset). This assessment informs protection measure selection.
Risk Appetite & Tolerance
Appetite and tolerance represent the amount of risk or exposure a client, owner, or organization is willing to accept, taking into consideration the costs and benefits of protection across various risk groups.
Risk Management Strategies
Once risks have been identified and assessed, and the risk appetite & tolerance has been established, a risk management strategy is selected: accept, avoid, reduce, transfer (i.e. insurance), etc.
Examples of Risk Transfer & Reduction in Protection
Personal Protection
Financial Protection
Financial Protection
Protective Security is a risk management strategy designed to reduce risk by minimizing or eliminating vulnerability to human threats.
It requires payment in exchange for private access to personal security, close protection, and private investigation services.
Financial Protection
Financial Protection
Financial Protection
Insurance is a risk-management strategy that protects against financial loss by transferring risk.
It requires payment of a premium in exchange for financial compensation during a loss. Homes, cars, life, and health are commonly insured items. Insurance does not cover all health costs.
Health Protection
Financial Protection
Health Protection
Protective Medicine™ is a risk management strategy designed to reduce risk by minimizing or eliminating vulnerability to medical threats.
It requires payment in exchange for meaningful and timely access to private care not covered by health insurance or public services.
What, and How Much Protection is Needed?
Our approach in security, protection, and medicine is Risk-informed.
Risk is a product of threat, vulnerability, and impact. To minimize a risk, a protection measure (private medical, security, etc.) is employed to reduce or eliminate a threat by reducing vulnerability.
To determine what protection measure is best for a given protected asset (You), the client-owner must determine collaboratively with our team how much risk they are willing to accept, aligned with how much they are willing to spend on each protection measure.
This process must be objective, transparent, and evidence-based in order to make informed decisions.
More often than not, the cost of failing to protect is far greater than protection cost & fees.
