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Mine the past: How to make better risk-based decisions and improve outcomes with historical threat data

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  • Pickren, Ann

    (Strategic Engagement, USA)

Abstract

The impact of every crisis has the potential to cascade throughout an organisation’s operations, supply chain and market ecosystem. To properly understand and mitigate this ripple of dynamic risk, business continuity, security and risk management leaders need to know where to focus their attention. Looking at historical threat data provides a clearer picture of the risk landscape, helping leaders better anticipate and plan for the future. To date, however, there have been challenges in this process. As the volume of data about critical events continues to grow at an alarming rate, sifting manually through data puts organisations — and business continuity — in jeopardy. This paper discusses the value of historical threat data and innovations in data-mining technology that can unlock the true power of historical data for informed, strategic decision-making and better outcomes during a crisis.

Suggested Citation

  • Pickren, Ann, 2024. "Mine the past: How to make better risk-based decisions and improve outcomes with historical threat data," Journal of Business Continuity & Emergency Planning, Henry Stewart Publications, vol. 17(4), pages 351-362, June.
    • Handle: RePEc:aza:jbcep0:y:2024:v:17:i:4:p:351-362
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    More about this item

    Keywords

    historical threat data; historical reporting; risk management; historical risk data; threat and vulnerability assessment; TVA; dynamic risk; data mining;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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