Control Risks

Control Risks was established in 1975 as a service focused on managing and mitigating risks for organizations. Initially, it addressed security concerns and political risks, expanding over time to cover a broader range of threats including financial, operational, and compliance risks. The service aimed to help businesses navigate complex environments by providing risk assessment, analysis, and strategic advice to safeguard their interests and ensure resilience.

Strengths of Control Risks included its comprehensive approach to risk management, global presence, and expertise across various industries. Weaknesses might have involved the high cost of services and potential complexity in implementation for smaller organizations. Competitors typically included other risk management firms such as Marsh & McLennan, Aon, and Kroll, which offered similar services in risk assessment and mitigation.

A Control Risks expert must possess skills in risk assessment and analysis, crisis management, and security operations. Proficiency in data analytics to interpret risk-related data and trends is crucial. Knowledge of regulatory compliance standards and experience with risk management frameworks like ISO 31000 are essential. Technical expertise in cybersecurity measures and threat intelligence is also important for identifying and mitigating digital risks.