Remove Acceptable Risk Remove Authorization Remove Mitigation
article thumbnail

Who’s the Boss? Successful Risk Mitigation Requires Centralized Leadership

MHA Consulting

Many companies spend millions of dollars implementing risk mitigation controls but are kept from getting their money’s worth by a disconnected, piecemeal approach. Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. I wish it were true.

article thumbnail

Third-Party Due Diligence Best Practices

Reciprocity

In addition, it helps the firm understand its potential for responsibility and risk before entering into a formal agreement and provides details on what mitigation measures need to be implemented. Although you may choose to accept, transfer, or refuse certain risks, ultimately, you can’t get rid of all of them.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SOC 2 vs ISO 27001: Key Differences Between the Standards

Reciprocity

These control sets offer management the option to avoid, transfer, or accept risks, rather than mitigate those risks through controls. The ISO 27001 certification process must be finished by a recognized ISO 27001-accredited certification authority. What Is an ISMS?

Audit 52
article thumbnail

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. AT – Awareness and Training: Educating users and administrators about security risks and controls. Incidents are mitigated. Incidents are contained.

article thumbnail

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. AT – Awareness and Training: Educating users and administrators about security risks and controls. Incidents are mitigated. Incidents are contained.

article thumbnail

The Best Risk Management Courses on Pluralsight to Consider Taking

Solutions Review

Henry covers risk management terminology, governance, mitigating risk, and monitoring risk. Description: Security Professionals rely on risk management to justify and develop an Information Security program. TITLE: Managing Risks in Project Environments. GO TO TRAINING.