Protect Your Assets: Key KRI Implementation Steps

Protect Your Assets: Key KRI Implementation Steps

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Okay, lets talk about protecting your assets, specifically, how to actually do it using Key Risk Indicators (KRIs). I mean, its all well and good to say youre protecting your stuff, but unless youve got, like, a proper system in place, youre basically just hoping for the best, right? (And hoping isnt a strategy, trust me).


So, KRIs. Think of them as your early warning system. managed service new york Theyre the little (or sometimes big) things that, when they start to wobble, tell you something might be going sideways in your asset protection plan. The first step, and honestly, the most important, is figuring out what you're trying to protect! I know, sounds obvious, but are we talking about your intellectual property? managed services new york city Your physical equipment? Your reputation? (Which is, like, a huge asset these days). You gotta define it and prioritize.


Next, you gotta identify those potential risks. What could actually hurt what youre trying to protect? Brainstorm! Think worst-case scenarios! check (Okay, maybe not all worst-case scenarios, but get the major ones down). Are you worried about cyberattacks? Employee theft? managed service new york Natural disasters? managed services new york city Bad press?

Protect Your Assets: Key KRI Implementation Steps - check

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You need a list. managed it security services provider A big, scary list.


Once youve got your list of risks, its time to choose your KRIs. This is where it gets interesting. A good KRI is:



  • Measurable: You gotta be able to track it. Like, a number, a percentage, something concrete.

  • Relevant: It actually tells you something about the risk. No point tracking the price of tea in China if youre worried about a server crash.

  • Timely: It needs to give you enough warning to do something about it! No good getting an alert after the breach.


So, examples? Lets say youre worried about employee theft. KRIs could be things like:



  • Number of access card requests per month (spike in requests might be fishy).

  • Inventory discrepancies (higher than usual shrinkage).

  • Anomalous system logins (someone logging in at weird hours).


Then, you gotta establish thresholds. This is where you say, "Okay, this level is normal, this level is a warning, and this level is, Sound the alarm!" So, maybe 2% inventory discrepancy is normal, 5% is a warning, and 10% is a full-on investigation.


After youve got all that figured out, you gotta actually implement the monitoring! This is where the rubber meets the road. You need to set up systems to track your KRIs, collect the data, and report it. (And dont just stick it in a spreadsheet that no one ever looks at!) Automate as much as you can; it'll save you a headache.


And finally (and this is crucial!), you gotta review and adjust. KRIs arent set in stone. The world changes, your business changes, and your risks change. check You need to regularly look at your KRIs and ask yourself:



  • Are they still relevant?

  • Are the thresholds still appropriate?

  • Are we actually acting on the information theyre giving us?!


If youre not, tweak them! Ditch them! Find new ones!

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The point is to keep your finger on the pulse of your asset protection.


So, yeah, thats basically it. Its not rocket science, but it does take effort. But trust me, putting in the work to implement a good KRI system is way better than dealing with the aftermath of a preventable asset loss! managed it security services provider Protect your assets! You deserve it!