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Risk Management Process – Part 3c: Risk Control

Zerto

The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks. There are four fundamental types of risk control: risk acceptance, risk mitigation, risk avoidance, and risk transfer.

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Third-Party Due Diligence Best Practices

Reciprocity

As such, your audit reports can be outdated, with one previously unknown vulnerability being exploited by hackers, otherwise known as “zero-day vulnerabilities.” Audit your Due Diligence Procedure Organizations must track how well and precisely their due diligence systems evaluate vendor risk to sustain owing diligence.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

SR – Supply Chain Risk Management : Managing risks from the supply chain to reduce vulnerabilities. Risk assessment (ID.RA): Your organization understands the cybersecurity risk to its operations (including mission, functions, image or reputation), assets, and people. You have a vulnerability management plan.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

SR – Supply Chain Risk Management : Managing risks from the supply chain to reduce vulnerabilities. Risk assessment (ID.RA): Your organization understands the cybersecurity risk to its operations (including mission, functions, image or reputation), assets, and people. You have a vulnerability management plan.