Division administration presented an update about the organization’s Enterprise Risk Management (ERM) program during the recent board meeting. The document explained what ERM is, what is considered risk and the top 5 risks the division faces.
Cyberattacks, financial challenges and poor mental health supports are some risks that Holy Trinity Catholic School Division continues to face and will face in the future, a new report says.
Division administration presented an update about the organization’s Enterprise Risk Management (ERM) program during the recent board meeting. The document explained what ERM is, what is considered risk and the top 5 risks the division faces.
Similar to last year, the top 5 risks are:
- A cybersecurity breach or internal leak resulting in the loss of private or confidential information, with a score of 14.4 out of 25. The likelihood of this happening was rated 3.6 out of five, while the negative effect is four out of five
- The Ministry of Education could compromise or take the division’s surplus/reserve money due to economic or political pressure, with a score of 13.68, a likelihood of 3.8 and an effect of 3.6
- The Roman Catholic Church “may…
