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A multinational private security firm, \"Vanguard Global Security\" (VGS), operating in several high-risk countries, is seeking to enhance its risk management framework in accordance with ISO 18788:2015, aligning it with the principles of ISO 31000:2018. VGS has traditionally conducted annual risk assessments, developed risk treatment plans, and monitored key performance indicators related to security incidents. However, recent incidents, including a kidnapping of personnel and a significant data breach, have exposed weaknesses in their current approach. An internal review reveals that risk management activities are largely confined to the security department, with limited integration into other organizational functions such as human resources, procurement, and operations. Furthermore, communication about risks is primarily top-down, with limited feedback from frontline security personnel or engagement with local communities. Considering the principles of ISO 31000:2018 and the requirements of ISO 18788:2015, which of the following approaches would MOST effectively improve VGS\'s risk management framework and prevent future incidents?
Integrate risk management into all organizational processes, fostering a risk-aware culture through continuous monitoring, communication, and leadership commitment, ensuring risk considerations are embedded in decision-making at all levels.
Increase the frequency of formal risk assessments to quarterly, implement a more rigorous incident reporting system, and conduct mandatory annual risk management training for all employees, focusing on compliance with existing policies and procedures.
Outsource the risk management function to a specialized consulting firm, tasking them with developing a comprehensive risk register, conducting regular audits, and providing recommendations for risk mitigation strategies.
Develop a detailed crisis management plan, establish a dedicated crisis response team, and conduct regular simulations to test the organization's ability to respond to major security incidents, focusing on containment and recovery.

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