The Titanic: A Case Study in Flawed Risk Management
How Poor Risk Management Sunk the Unsinkable, and Lessons Learned in Identifying Blind Spots in the Modern Threatscape
The story of the Titanic is one of the most infamous disasters in history. Yet, beyond the tragic loss of life, it serves as a compelling analogy for understanding and managing risk in today’s business environment. The ship’s demise was not due to a single failure, but rather a combination of risks — external and internal — that collectively brought about the disaster. As organizations strive to navigate the complex waters of today’s risk landscape, there is much to learn from how various factors contributed to the sinking of the Titanic.
From Luxury to Lifeboats: The Titanic’s Missteps in Risk Mitigation
Consider the following lessons the Titanic teaches about . . .
[The rest of this blog can be read on the Mitratech blog, where GRC 20/20’s Michael Rasmussen is a Guest Blogger]