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This heightened accountability is set to redefine service contracts and riskmanagement strategies. Cyber Liability insurance will increasingly require a privacy audit. As the number of privacy breaches and privacy violations continues to rise, cyber insurers will demand more thorough privacy programs at underwriting.
In GRC, governance is necessary for setting direction (through strategy and policy), monitoring performance and controls, and evaluating outcomes. Risk A possible event that could cause harm or loss or make it more difficult to achieve objectives. Drivers for GRC Without a doubt, the biggest driver for GRC is regulation.
Data bias in machine learning models is one of the hottest topics in the AI industry for good reason; an AI model that rejects loan applications or increases insurance premiums for the wrong reasons will have a very deleterious effect. Therefore, data protection is an integral part of a company’s riskmanagement strategy.
In GRC, governance is necessary for setting direction (through strategy and policy), monitoring performance and controls, and evaluating outcomes. Risk A possible event that could cause harm or loss or make it more difficult to achieve objectives. Drivers for GRC Without a doubt, the biggest driver for GRC is regulation.
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.
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.
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