Attention all businesses and professionals!
Are you tired of constantly worrying about the risks and vulnerabilities in your security systems? Are you looking for a comprehensive and efficient solution to manage these risks? Look no further, because we have the perfect answer for you – Risk Management in Managed Security Service Provider Knowledge Base.
Our dataset consists of 1547 prioritized requirements, solutions, benefits, results and real-life case studies/use cases – all specifically tailored to help you effectively manage risks in your security service provider.
Our extensive collection of knowledge base has been carefully curated by industry experts to provide you with the most important questions to ask to get results based on urgency and scope.
But what sets us apart from our competitors and alternatives? Our Risk Management in Managed Security Service Provider dataset is designed for professionals like you, who understand the importance of staying ahead of potential risks and threats.
This do-it-yourself and affordable product alternative gives you all the necessary tools and information, making it easy for you to identify and mitigate potential risks before they turn into a crisis.
You can say goodbye to costly consulting fees and endless hours of research – we have done all the work for you!
Our dataset offers a detailed specification overview of the product type, as well as a comparison to semi-related product types.
With our Risk Management in Managed Security Service Provider Knowledge Base, you will have access to a wide range of benefits.
From saving time and resources, to improving your overall security posture and achieving compliance standards, our product is the ultimate solution for your risk management needs.
Concerned about the accuracy and reliability of our dataset? Don′t be.
Our team has conducted thorough research on Risk Management in Managed Security Service Providers to ensure that our information is up-to-date and accurate.
We understand the unique challenges faced by businesses when it comes to managing risks and have tailored our product to meet those needs.
But wait, there′s more – our Risk Management in Managed Security Service Provider Knowledge Base is not just limited to businesses.
It′s also a valuable asset for professionals looking to enhance their knowledge and expertise in risk management.
At an affordable cost, you can have access to a wealth of information that will benefit you and your organization in the long run.
Still not convinced? Let′s talk about the cost.
Our product offers all these amazing benefits at a fraction of the cost compared to traditional risk management solutions.
And with our Risk Management in Managed Security Service Provider Knowledge Base, you′ll know exactly what you′re getting – no hidden fees or surprises.
In conclusion, our product does what it promises – it provides you with all the necessary tools and information to effectively manage risks in your security service provider.
Say goodbye to uncertainties and hello to a safer and more secure future.
Don′t miss out on this opportunity to revolutionize your risk management strategy.
Get our Risk Management in Managed Security Service Provider Knowledge Base today!
Do the top risks address all of the risks in your organizations programs and operations? Are there existing components upon which you can build an Insider Threat management program? What is the difference between a risk management objective and a risk management strategy?
Risk Management
Risk management is the process of identifying, assessing, and prioritizing potential risks and implementing strategies to mitigate or eliminate them to ensure the success of an organization′s programs and operations. It is important to regularly review and update the top risks to ensure comprehensive coverage.
1. Regular risk assessments to identify potential threats and vulnerabilities. - Ensures comprehensive risk coverage.
2. Implementation of security controls based on industry best practices. - Reduces the likelihood of risks materializing.
3. 24/7 monitoring and threat detection. - Provides real-time visibility of potential risks.
4. Timely response to security incidents through a dedicated incident response team. - Minimizes the impact of a risk event.
5. Regular reporting and analytics to track risk metrics and progress. - Helps in identifying trends and patterns to better manage risks.
6. Disaster recovery and business continuity planning. - Enables the organization to quickly recover from a risk event.
7. Ongoing threat intelligence updates and vulnerability scanning. - Keeps the organization up-to-date with emerging risks.
8. Compliance management services to ensure adherence to regulatory requirements. - Mitigates legal and financial consequences of non-compliance.
9. Employee training and awareness programs to foster a culture of security. - Reduces the human factor as a source of risk.
10. Proactive security measures such as patch management and web filtering. - Prevents risks before they can cause harm.
CONTROL QUESTION: Do the top risks address all of the risks in the organizations programs and operations?
Big Hairy Audacious Goal (BHAG) for 10 years from now:
By 2030, our goal for risk management is to have a comprehensive and integrated approach that addresses all of the risks in our organization′s programs and operations. This means that all departments, from finance to human resources to marketing, will have identified and evaluated their respective risks, and have implemented specific strategies to mitigate or respond to these risks. Our risk management process will be proactive rather than reactive, with regular reviews and updates to stay ahead of emerging risks.
Furthermore, we aim to have a top-down and bottom-up approach to risk management, with executive leadership setting the tone and providing support for risk management initiatives, while employees at all levels are encouraged to identify and report potential risks. This will create a culture of risk awareness and management throughout the organization.
We also see technology playing a critical role in our risk management strategy. By leveraging data analytics and artificial intelligence, we will be able to identify patterns and trends in risk factors, allowing us to further optimize our risk management processes and outcomes.
In addition, our risk management strategy will be dynamic and adaptable, able to respond to changes in our industry, economy, and society. We will continuously assess and reassess our risks, and adjust our strategies accordingly to ensure the most effective and efficient management of our risks.
Ultimately, our goal is to instill confidence in our stakeholders, from customers to shareholders to employees, that our organization is constantly vigilant and proactive in managing risks. We believe that by achieving this goal, we will not only ensure the long-term sustainability and success of our business but also set a strong example for the industry as a whole.
"It`s rare to find a product that exceeds expectations so dramatically. This dataset is truly a masterpiece."
Case Study: Evaluating the Effectiveness of Risk Management in an Organization
Synopsis of Client Situation:
The client is a multinational corporation that operates in various industries including manufacturing, healthcare, and technology. The organization has a complex structure with multiple business units and global operations, making it vulnerable to various risks that could negatively impact its programs and operations. In the past, the organization has experienced significant financial losses due to inadequate risk management practices and a lack of a comprehensive risk management strategy. As a result, the senior leadership team has decided to undertake a risk management review to assess the effectiveness of the current risk management program and to identify any gaps that need to be addressed. The objective of this case study is to analyze whether the top risks in the organization′s risk register adequately address all the risks in its programs and operations.
Consulting Methodology:
To conduct a comprehensive evaluation of the organization′s risk management program, the consulting team followed a structured approach that consisted of the following steps:
1. Review of Existing Documentation: The first step was to review the organization′s existing risk management policies, procedures, and risk register. This included analyzing the risk management framework, risk appetite statement, risk assessment process, and the identification and categorization of risks.
2. Interviews with Key Stakeholders: The consulting team conducted interviews with key stakeholders, including senior leaders, business unit heads, and risk managers, to gain insights into their understanding of the organization′s risk landscape and their perceptions of the effectiveness of the current risk management program.
3. Gap Analysis: Based on the review of documents and stakeholder interviews, the consulting team conducted a gap analysis to determine whether the current risk management program is in line with industry best practices and whether there are any gaps in the existing risk register.
4. Risk Assessment: After identifying the potential gaps in the risk management program, the consulting team conducted a comprehensive risk assessment of the organization′s programs and operations. This involved identifying new risks, assessing their likelihood and impact, and determining their overall risk score.
5. Benchmarking: The consulting team compared the organization′s risk management practices with industry benchmarks and best practices to identify areas of improvement.
6. Recommendations: Based on the findings from the previous steps, the consulting team developed a set of recommendations, including enhancements to the risk management framework, updated risk register, and measures to improve risk culture within the organization.
Deliverables:
1. Gap Analysis Report: This report provided an assessment of the existing risk management program, identified any gaps, and proposed recommendations to address them.
2. Risk Assessment Report: The report outlined the results of the risk assessment, including the top risks identified, their likelihood and impact, and strategies to manage them.
3. Updated Risk Register: The consulting team updated the organization′s existing risk register by incorporating newly identified risks and providing a more comprehensive view of the organization′s risk landscape.
4. Recommendations Report: This report included a detailed list of recommendations to enhance the organization′s risk management program, including suggested changes to the risk management framework, risk appetite statement, and risk awareness training.
Implementation Challenges:
The implementation of the recommendations proposed by the consulting team was not without challenges. Some of the major obstacles faced during the implementation phase were:
1. Resistance to Change: The existing risk management processes had been ingrained in the organization′s culture, and there was initial resistance to change. This was addressed through effective change management strategies and engaging key stakeholders in the process.
2. Lack of Resources: Implementation of the recommendations required significant resources, including time, budget, and skilled personnel. The organization had to reallocate resources and allocate additional budget to implement the proposed changes.
3. Limited Capabilities: The organization′s existing risk management team lacked the necessary skills and expertise to effectively implement the proposed changes. Training, coaching, and recruitment efforts were undertaken to bridge the gap.
KPIs and Other Management Considerations:
To track the progress of the implementation of the recommendations, the consulting team identified the following KPIs:
1. Number of Implemented Recommendations: This KPI measured the number of recommendations that had been successfully implemented.
2. Stakeholder Satisfaction: The satisfaction levels of key stakeholders, including senior leadership and business unit heads, were measured through surveys to determine their perception of the effectiveness of the risk management program.
3. Risk Score Improvement: The overall risk score of the organization was used as a measure to track the effectiveness of the risk management program. A lower risk score indicated better risk management practices.
The other management considerations included ensuring ongoing support from senior leadership, maintaining effective communication with stakeholders, and regularly reviewing and updating the risk register.
Conclusion:
In conclusion, the risk management review conducted by the consulting team provided valuable insights into the organization′s risk landscape and its current risk management practices. By benchmarking with industry best practices, identifying potential gaps, and proposing recommendations for improvement, the consulting team helped the organization enhance its risk management program. The implementation of the proposed recommendations is an ongoing process, and the organization must continue to monitor and evaluate its risk management practices to ensure that they remain effective in mitigating risks in its programs and operations.
Are you tired of constantly worrying about the risks and vulnerabilities in your security systems? Are you looking for a comprehensive and efficient solution to manage these risks? Look no further, because we have the perfect answer for you – Risk Management in Managed Security Service Provider Knowledge Base.
Our dataset consists of 1547 prioritized requirements, solutions, benefits, results and real-life case studies/use cases – all specifically tailored to help you effectively manage risks in your security service provider.
Our extensive collection of knowledge base has been carefully curated by industry experts to provide you with the most important questions to ask to get results based on urgency and scope.
But what sets us apart from our competitors and alternatives? Our Risk Management in Managed Security Service Provider dataset is designed for professionals like you, who understand the importance of staying ahead of potential risks and threats.
This do-it-yourself and affordable product alternative gives you all the necessary tools and information, making it easy for you to identify and mitigate potential risks before they turn into a crisis.
You can say goodbye to costly consulting fees and endless hours of research – we have done all the work for you!
Our dataset offers a detailed specification overview of the product type, as well as a comparison to semi-related product types.
With our Risk Management in Managed Security Service Provider Knowledge Base, you will have access to a wide range of benefits.
From saving time and resources, to improving your overall security posture and achieving compliance standards, our product is the ultimate solution for your risk management needs.
Concerned about the accuracy and reliability of our dataset? Don′t be.
Our team has conducted thorough research on Risk Management in Managed Security Service Providers to ensure that our information is up-to-date and accurate.
We understand the unique challenges faced by businesses when it comes to managing risks and have tailored our product to meet those needs.
But wait, there′s more – our Risk Management in Managed Security Service Provider Knowledge Base is not just limited to businesses.
It′s also a valuable asset for professionals looking to enhance their knowledge and expertise in risk management.
At an affordable cost, you can have access to a wealth of information that will benefit you and your organization in the long run.
Still not convinced? Let′s talk about the cost.
Our product offers all these amazing benefits at a fraction of the cost compared to traditional risk management solutions.
And with our Risk Management in Managed Security Service Provider Knowledge Base, you′ll know exactly what you′re getting – no hidden fees or surprises.
In conclusion, our product does what it promises – it provides you with all the necessary tools and information to effectively manage risks in your security service provider.
Say goodbye to uncertainties and hello to a safer and more secure future.
Don′t miss out on this opportunity to revolutionize your risk management strategy.
Get our Risk Management in Managed Security Service Provider Knowledge Base today!
Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:
Key Features:
Comprehensive set of 1547 prioritized Risk Management requirements. - Extensive coverage of 230 Risk Management topic scopes.
- In-depth analysis of 230 Risk Management step-by-step solutions, benefits, BHAGs.
- Detailed examination of 230 Risk Management case studies and use cases.
- Digital download upon purchase.
- Enjoy lifetime document updates included with your purchase.
- Benefit from a fully editable and customizable Excel format.
- Trusted and utilized by over 10,000 organizations.
- Covering: Data Breach Prevention, Mainframe Security, Managed VPN, Managed Email Security, Data Loss Prevention, Physical Penetration Testing, Root Cause Analysis, Compliance Risk Management, Applications Security Testing, Disaster Recovery, Managed Backup Service, Federated Identity Management, PCI Compliance, Privileged Access Management, Internal Threat Intelligence, Cybersecurity Solutions, Patch Management, Privacy Law Compliance, Blockchain Security, Virtual Private Networks, Backup And Disaster Recovery, Phishing Protection, Social Engineering Testing, App Store Compliance, Wireless Security, Service Troubleshooting, Managed Firewalls, Security Reporting, Security Audits, Encryption Key Management, Content Filtering, Sensitive Data Auditing, Risk Assessment And Management, Malware Detection, Network Security, Security Appliance Management, Vulnerability Scanning, Cyber Defense, Security Testing, Managed Shared Security Model, Home Automation, Data Encryption, Security Posture, Cloud Security, User Behavior Analytics, Application Security, Managed Security Awareness Training, People Focused, Network Access Control, Penetration Testing, Data Security Incident Management, Security Token Management, Mobile Device Security, Web Application Security, Blue Teaming, Cybersecurity Program Management, External Threat Intelligence, Online Fraud Protection, Cybersecurity Insurance, Security Operations Center SOC, Business Continuity Planning, Mobile Security Management, Ransomware Protection, Email Security, Vulnerability Management, Cyber Threat Intelligence, Network Segmentation, Data Protection, Firewall Rule Management, Security Information Management, Database Security, Intrusion Prevention, Security Governance Risk And Compliance GRC, Phishing Simulation, Mobile Device Encryption, Authentication Services, Log Management, Endpoint Protection, Intrusion Prevention System IPS, Email Encryption, Regulatory Compliance, Physical Security, Manufacturing Cybersecurity, Security Training, Supply Chain Security, User Training, Incident Response, Vulnerability Remediation, Identity And Access Management IAM, Break Glass Procedure, Security Operations Center, Attack Surface Management, Cybersecurity Governance Framework, Cyber Readiness, Digital Rights Management, Cybersecurity Training, Cloud Security Posture Management, Managed Security Service Provider, Device Encryption, Security Information And Event Management SIEM, Intrusion Prevention And Detection, Data Backups, Security Governance, Application Whitelisting, Disaster Recovery Testing, Software Vulnerability Management, Industrial Espionage, Incident Response Planning, Network Monitoring, Real Time Threat Intelligence, Security Incident Simulation, GDPR Compliance, Policy Management, Firewall Management, Security Quality Assurance, Endpoint Security, Cyber Threats, Attack Surface Reduction, Configuration Management, IoT Security, Documented Information, External Threat Detection, Security Portfolio Management, Physical Security Assessment, Forensic Analysis, Cloud Access Security Broker CASB, Firewall Audit, Cyber Insurance, Cybersecurity Maturity Assessment, Public Key Infrastructure PKI, Digital Forensics, Security Policy Management, Web Application Scanning, Vulnerability Assessment And Management, Internal Threat Detection, Tokenization Services, Access Control, Identity And Access Management, Cybersecurity Incident Response Plan, Threat Modeling, Cybersecurity Education And Awareness, Network Traffic Analysis, Identity Management, Third Party Risk Management, Data Protection Act, Vendor Risk Management, Intrusion Detection, Data Backup And Recovery, Managed Antivirus, Managed Backup And Recovery, Virtual Patching, Incident Response Management Platform, Continuous Vulnerability Assessment, Adaptive Control, Software As Service SaaS Security, Website Security, Advanced Encryption Standard AES, Compliance Standards, Managed Detection And Response, Security Consulting, User Access Control, Zero Trust Security, Security As Service SECaaS, Compliance Support, Risk Assessment Planning, IT Staffing, IT Security Policy Development, Red Teaming, Endpoint Detection And Response EDR, Physical Access Security, Compliance Monitoring, Enterprise Security Architecture, Web Application Firewall WAF, Real Time Threat Monitoring, Data Compromises, Web Filtering, Behavioral Analytics, Security Reporting And Analytics, Wireless Penetration Testing, Multi Factor Authentication, Email Content Filtering, Security Incident And Event Management SIEM, Security Monitoring, Managed Service Accounts, Project Team, Security Consulting Services, Security Solutions, Threat Hunting, Global Threat Intelligence, Compliance Audits, Forensics Investigation, Security Incident Management, Business Impact Analysis, Managed Anti Virus, Response Automation, Internet Of Things IoT Security, Secure Remote Access, Risk Management, Security Architecture, Cyber Range, Security Assessments, Backup And Recovery, Email Filtering, Asset Management, Vulnerability Assessment, Incident Management, SOC Services, File Integrity Monitoring, Network Anomaly Detection, Business Continuity, Threat Intelligence, Malware Prevention, Insider Threat Detection, Threat Detection, Continuous Monitoring, Data Center Security, Managed Security Information And Event Management SIEM, Web Security, Social Engineering Protection, Malware Analysis, Security Orchestration And Automation, Encryption Services, Security Awareness Training, Security Analytics, Incident Response Management, Security Automation, Multifactor Authentication, ISO 27001, Technology Strategies, HIPAA Compliance
Risk Management Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):
Risk Management
Risk management is the process of identifying, assessing, and prioritizing potential risks and implementing strategies to mitigate or eliminate them to ensure the success of an organization′s programs and operations. It is important to regularly review and update the top risks to ensure comprehensive coverage.
1. Regular risk assessments to identify potential threats and vulnerabilities. - Ensures comprehensive risk coverage.
2. Implementation of security controls based on industry best practices. - Reduces the likelihood of risks materializing.
3. 24/7 monitoring and threat detection. - Provides real-time visibility of potential risks.
4. Timely response to security incidents through a dedicated incident response team. - Minimizes the impact of a risk event.
5. Regular reporting and analytics to track risk metrics and progress. - Helps in identifying trends and patterns to better manage risks.
6. Disaster recovery and business continuity planning. - Enables the organization to quickly recover from a risk event.
7. Ongoing threat intelligence updates and vulnerability scanning. - Keeps the organization up-to-date with emerging risks.
8. Compliance management services to ensure adherence to regulatory requirements. - Mitigates legal and financial consequences of non-compliance.
9. Employee training and awareness programs to foster a culture of security. - Reduces the human factor as a source of risk.
10. Proactive security measures such as patch management and web filtering. - Prevents risks before they can cause harm.
CONTROL QUESTION: Do the top risks address all of the risks in the organizations programs and operations?
Big Hairy Audacious Goal (BHAG) for 10 years from now:
By 2030, our goal for risk management is to have a comprehensive and integrated approach that addresses all of the risks in our organization′s programs and operations. This means that all departments, from finance to human resources to marketing, will have identified and evaluated their respective risks, and have implemented specific strategies to mitigate or respond to these risks. Our risk management process will be proactive rather than reactive, with regular reviews and updates to stay ahead of emerging risks.
Furthermore, we aim to have a top-down and bottom-up approach to risk management, with executive leadership setting the tone and providing support for risk management initiatives, while employees at all levels are encouraged to identify and report potential risks. This will create a culture of risk awareness and management throughout the organization.
We also see technology playing a critical role in our risk management strategy. By leveraging data analytics and artificial intelligence, we will be able to identify patterns and trends in risk factors, allowing us to further optimize our risk management processes and outcomes.
In addition, our risk management strategy will be dynamic and adaptable, able to respond to changes in our industry, economy, and society. We will continuously assess and reassess our risks, and adjust our strategies accordingly to ensure the most effective and efficient management of our risks.
Ultimately, our goal is to instill confidence in our stakeholders, from customers to shareholders to employees, that our organization is constantly vigilant and proactive in managing risks. We believe that by achieving this goal, we will not only ensure the long-term sustainability and success of our business but also set a strong example for the industry as a whole.
Customer Testimonials:
"It`s rare to find a product that exceeds expectations so dramatically. This dataset is truly a masterpiece."
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Risk Management Case Study/Use Case example - How to use:
Case Study: Evaluating the Effectiveness of Risk Management in an Organization
Synopsis of Client Situation:
The client is a multinational corporation that operates in various industries including manufacturing, healthcare, and technology. The organization has a complex structure with multiple business units and global operations, making it vulnerable to various risks that could negatively impact its programs and operations. In the past, the organization has experienced significant financial losses due to inadequate risk management practices and a lack of a comprehensive risk management strategy. As a result, the senior leadership team has decided to undertake a risk management review to assess the effectiveness of the current risk management program and to identify any gaps that need to be addressed. The objective of this case study is to analyze whether the top risks in the organization′s risk register adequately address all the risks in its programs and operations.
Consulting Methodology:
To conduct a comprehensive evaluation of the organization′s risk management program, the consulting team followed a structured approach that consisted of the following steps:
1. Review of Existing Documentation: The first step was to review the organization′s existing risk management policies, procedures, and risk register. This included analyzing the risk management framework, risk appetite statement, risk assessment process, and the identification and categorization of risks.
2. Interviews with Key Stakeholders: The consulting team conducted interviews with key stakeholders, including senior leaders, business unit heads, and risk managers, to gain insights into their understanding of the organization′s risk landscape and their perceptions of the effectiveness of the current risk management program.
3. Gap Analysis: Based on the review of documents and stakeholder interviews, the consulting team conducted a gap analysis to determine whether the current risk management program is in line with industry best practices and whether there are any gaps in the existing risk register.
4. Risk Assessment: After identifying the potential gaps in the risk management program, the consulting team conducted a comprehensive risk assessment of the organization′s programs and operations. This involved identifying new risks, assessing their likelihood and impact, and determining their overall risk score.
5. Benchmarking: The consulting team compared the organization′s risk management practices with industry benchmarks and best practices to identify areas of improvement.
6. Recommendations: Based on the findings from the previous steps, the consulting team developed a set of recommendations, including enhancements to the risk management framework, updated risk register, and measures to improve risk culture within the organization.
Deliverables:
1. Gap Analysis Report: This report provided an assessment of the existing risk management program, identified any gaps, and proposed recommendations to address them.
2. Risk Assessment Report: The report outlined the results of the risk assessment, including the top risks identified, their likelihood and impact, and strategies to manage them.
3. Updated Risk Register: The consulting team updated the organization′s existing risk register by incorporating newly identified risks and providing a more comprehensive view of the organization′s risk landscape.
4. Recommendations Report: This report included a detailed list of recommendations to enhance the organization′s risk management program, including suggested changes to the risk management framework, risk appetite statement, and risk awareness training.
Implementation Challenges:
The implementation of the recommendations proposed by the consulting team was not without challenges. Some of the major obstacles faced during the implementation phase were:
1. Resistance to Change: The existing risk management processes had been ingrained in the organization′s culture, and there was initial resistance to change. This was addressed through effective change management strategies and engaging key stakeholders in the process.
2. Lack of Resources: Implementation of the recommendations required significant resources, including time, budget, and skilled personnel. The organization had to reallocate resources and allocate additional budget to implement the proposed changes.
3. Limited Capabilities: The organization′s existing risk management team lacked the necessary skills and expertise to effectively implement the proposed changes. Training, coaching, and recruitment efforts were undertaken to bridge the gap.
KPIs and Other Management Considerations:
To track the progress of the implementation of the recommendations, the consulting team identified the following KPIs:
1. Number of Implemented Recommendations: This KPI measured the number of recommendations that had been successfully implemented.
2. Stakeholder Satisfaction: The satisfaction levels of key stakeholders, including senior leadership and business unit heads, were measured through surveys to determine their perception of the effectiveness of the risk management program.
3. Risk Score Improvement: The overall risk score of the organization was used as a measure to track the effectiveness of the risk management program. A lower risk score indicated better risk management practices.
The other management considerations included ensuring ongoing support from senior leadership, maintaining effective communication with stakeholders, and regularly reviewing and updating the risk register.
Conclusion:
In conclusion, the risk management review conducted by the consulting team provided valuable insights into the organization′s risk landscape and its current risk management practices. By benchmarking with industry best practices, identifying potential gaps, and proposing recommendations for improvement, the consulting team helped the organization enhance its risk management program. The implementation of the proposed recommendations is an ongoing process, and the organization must continue to monitor and evaluate its risk management practices to ensure that they remain effective in mitigating risks in its programs and operations.
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