LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. energy company, was hit with a ransomware cyberattack on May 7th, 2021, which forced it to halt all operations on its major pipeline that delivers roughly 45% of all fuel consumed on the east coast. Colonial Pipeline Hack: Introduction. Colonial Pipeline, a major U.S.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Risk Management Monitor

AUGUST 9, 2022

In 2021, insurers faced multiple billion-dollar loss events resulting from severe convective storms in the United States, with the greatest damage inflicted by hail that impacted the Plains, Midwest, Southeast and Northeast. In other words, the “inception of loss” date starts the one-year clock ticking. Lowen Valley View, L.L.C.

Insurance 78

Insurance Insurance Disaster Preparedness Management 78

Reciprocity

FEBRUARY 12, 2025

More recently, the 2021 Kaseya ransomware attack impacted over 1,500 businesses through a single vendor’s compromised software. These incidents underscore a crucial reality: effective third-party vendor risk management isn’t just about ongoing monitoringit begins the moment you start evaluating a potential partner.

Evaluation 52

Evaluation Vulnerability Audit Risk Management 52

NexusTek

OCTOBER 25, 2023

Cyber insurance: Such policies help to cover costs related to cyber incidents and indicate that a third party is paying attention to cyber risk management. Would you like to speak to a cybersecurity expert about managing third-party cyber risk? 2021, May 4). 2021, May 7). Infosecurity Magazine.

Cybersecurity 105

Cybersecurity Evaluation Vulnerability Risk Management 105

Pure Storage

JANUARY 11, 2024

The action came after the Financial Conduct Authority (FCA) along with the Bank of England (BoE) and the Prudential Regulation Authority (PRA) issued their operational resilience policy in March 2021. The act applies to banks, insurance companies, investment firms, and the like, but it also includes critical third parties.

Resilience 117

Resilience Financial Services Banking Cybersecurity 117

NexusTek

OCTOBER 8, 2024

Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme. In late 2021, the company’s employees found that they could not access digital files as usual—the result of a malware infection.

Cybersecurity 98

Cybersecurity Backup Insurance Insurance 98

NexusTek

FEBRUARY 8, 2023

Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme. In late 2021, the company’s employees found that they could not access digital files as usual—the result of a malware infection.

Cybersecurity 98

Cybersecurity Backup Insurance Insurance 98

everbridge

MARCH 6, 2023

The current systems and solutions in place for managing climate hazards are often inadequate, and the reliance on traditional insurance has become insufficient. The Insufficiency of Traditional Insurance Organizations often rely on insurance providers to provide protection against the impacts of extreme weather events.

Resilience 52

Resilience All-Hazards Command Center Insurance 52

Swan Island Network

NOVEMBER 8, 2017

The company has to exercise, including with vital partners, ahead of time to insure everyone knows the drill, and how to take the place of someone not around. Corporate Security Predictions and Trends 2021. Enterprise Risk Management. Enterprise Risk Management: 3 Keys to Success. More To Explore.

Insurance 52

Insurance Insurance Outage Risk Management 52

Reciprocity

SEPTEMBER 30, 2022

In 2021 the average cost rose to $9.41 Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management?

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. To combat those threats, businesses need to develop digital risk management. We can define that as the processes used to assess, monitor, and treat the risks that arise from the digital business processes that are so common today.

Mitigation 52

Mitigation Malware Cybersecurity Media 52

NexusTek

OCTOBER 25, 2023

Cyber insurance: Such policies help to cover costs related to cyber incidents and indicate that a third party is paying attention to cyber risk management. Would you like to speak to a cybersecurity expert about managing third-party cyber risk? 2021, May 4). 2021, May 7). Infosecurity Magazine.

Cybersecurity 52

Cybersecurity Evaluation Vulnerability Risk Management 52

Solutions Review

APRIL 21, 2022

In 2021, businesses in the U.S. With remote work becoming the norm in 2021 as a result of the COVID-19 pandemic, Remote Desktop Protocol (RDP) usage has surged and has exposed an exploitable vector for ransomware – brute force attacks. Safeguards from viruses, malware and ransomware.

Media 40

Media Cybersecurity Retail Malware 40

Reciprocity

OCTOBER 1, 2022

As organizations and businesses around the world and across industries migrate their IT to the cloud, C-suites are faced with a new dilemma for governance, risk management and compliance (GRC) solutions: cloud versus on-premise software. That’s time and money that might be better spent elsewhere.

Government 52

Government Internet Risk Management Audit 52

Security Industry Association

SEPTEMBER 20, 2022

Last week the Department of Homeland Security (DHS) announced a joint effort between the Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Emergency Management Agency (FEMA) to provide new cybersecurity grants authorized and funded under the Bipartisan Infrastructure Law.

Cybersecurity 52

Cybersecurity Telecommunications Authentication Government 52

Reciprocity

OCTOBER 8, 2024

In 2021, a single data breach cost, on average, $4.2 ZenGRC assists in removing the “risk” from risk management and compliance. Cost-effectiveness. Think audit costs are high? million – a figure that keeps rising every year. A SOC 2 audit helps to avoid those costly security breaches. Competitive advantage.

Audit 52

Audit B2B Capacity Cybersecurity 52

Reciprocity

OCTOBER 8, 2024

In 2021, a single data breach cost, on average, $4.2 ZenGRC assists in removing the “risk” from risk management and compliance. Cost-effectiveness. Think audit costs are high? million – a figure that keeps rising every year. A SOC 2 audit helps to avoid those costly security breaches. Competitive advantage.

Audit 52

Audit B2B Capacity Cybersecurity 52

Solutions Review

FEBRUARY 24, 2022

Data protection strategies consist of multi-step processes that provide solutions to implement and manage security measures. Data Risk Management. Data Access Management. Data Lifecycle Management. Data Storage Management. ” Security Intelligence, 8 10 2021. ” SearchDataBackup, 2021.

Disaster Recovery 40

Disaster Recovery Backup Technology Malware 40

Reciprocity

MARCH 24, 2022

In its 2021 report , the Association of Certified Fraud Examiners (ACFE) found that 71 percent of anti-fraud experts believed that fraud levels at their organizations would increase in the coming 12 months. lost per $1 of fraud in 2021. Leverage ZenRisk to Mitigate Fraud Risk in Your Organization.

Audit 52

Audit Banking Activation Authorization 52

Risk Management Monitor

SEPTEMBER 2, 2021

The controversial California ballot measure designated app-based gig workers like rideshare and food delivery drivers as independent contractors, meaning that the companies they ostensibly work for would not have to provide a minimum wage, health insurance, unemployment, sick leave or other benefits. For example, in January 2020, D.C.

Insurance 68

Insurance Insurance Risk Management Management 68

Risk Management Monitor

APRIL 11, 2022

SAN FRANCISCO—At today’s RISKWORLD 2022 opening ceremony and awards luncheon, RIMS recognized top risk management and insurance professionals with the society’s annual awards. Courtney Davis Curtis’ risk management philosophy is spot on,” said RIMS President Patrick Sterling.

Insurance 40

Insurance Insurance Risk Management Pandemic 40

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. A risk assessment shows organizations what their architecture looks like, their vulnerabilities, and more. Upholding good cyber hygiene.

Healthcare 59

Healthcare Cybersecurity Security Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. A risk assessment shows organizations what their architecture looks like, their vulnerabilities, and more. Upholding good cyber hygiene.

Healthcare 52

Healthcare Cybersecurity Security Government 52