2021 Audit Insurance 
Solutions Review
SEPTEMBER 9, 2021
Description: Archer IT & Security Risk Management enables users to document and report on IT risks and controls, security vulnerabilities, audit findings, regulatory obligations, and issues across their technology infrastructure. Platform: Archer IT & Security Risk Management. Fusion Risk Management. Platform: HighBond.
Pure Storage
DECEMBER 17, 2024
The Colonial Pipeline ransomware attack in 2021 forced the shutdown of a major U.S. Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. If you have cyber insurance, work with your insurer to file claims and understand coverage for recovery costs.
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Reciprocity
FEBRUARY 12, 2025
More recently, the 2021 Kaseya ransomware attack impacted over 1,500 businesses through a single vendor’s compromised software. Insurance certificates confirm protection. Security questionnaires, compliance certifications, and audit reports provide evidence that vendors can protect your interests.
The Morning Breach
JANUARY 8, 2021
The best thing for you to do as a business owner is to do annual checks and balances on your partners or even the internal staff, and you achieve this with a third-party security audit. In today’s world of cyber security, it’s not a threat of you’re not doing your job. That fresh set of eyes will likely uncover something every time. .
Reciprocity
OCTOBER 8, 2024
That said, if your business is a service provider, you should consider investing in the technical audit required for a SOC 2 report anyway. SOC 2 audits were developed by the American Institute of Certified Public Accountants (AICPA) to provide assurance over a service provider’s cybersecurity controls. Think audit costs are high?
Reciprocity
OCTOBER 8, 2024
That said, if your business is a service provider, you should consider investing in the technical audit required for a SOC 2 report anyway. SOC 2 audits were developed by the American Institute of Certified Public Accountants (AICPA) to provide assurance over a service provider’s cybersecurity controls. Think audit costs are high?
LogisManager
MAY 9, 2023
Instead, they continued investing as they had from 2020-2021, driving through their rearview mirror of asking “Is today like yesterday?” For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy. This is GRC at its finest.
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