This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Securing the supply chain through digital and physical risk assessments To mitigate supply chain risks, organizations should conduct comprehensive digital and physical security audits for third-party vendors. Leveraging mass notification systems to alert employees and stakeholders in real time. Summary Security is never set-and-forget.
Like any business, a cannabis operation requires certain licenses, approvals and audits before opening the doors. While regulations and security requirements differ across states, almost all require some form of electronic alarm and surveillance system, along with audit trails, whether paper or electronic, that must be archived.
It also helps align internal audit, external audit, and compliance functions. In the modern business landscape, organizations in every industry must manage auditing, risk assessments, compliance, vendor assessments, cybersecurity threats, and disaster recovery. Audit management. What Are the Benefits of Using a GRC Tool?
And, the fallout may not be short-term; consumers and retailers could still see shortages during Black Friday and the holiday season. It alerts users of pending risks and identifies supply-chain assets that may be affected by an event.
If a backup fails, an automated alert lets you know right away, and in many cases, the problem can be fixed remotely. #3: An online retailer that does a high order volume, on the other hand, might only be able to withstand an hour of downtime. With our disaster recovery and backup services, your business never misses a beat.
Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters. Key risk indicators (KRIs) can alert managers when those risks approach unacceptable levels.
Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.
For finance, critical work may be a scheduled payment that doesn’t complete, or a processing failure, or audit control violations that need to be handled promptly. Let’s think about a marketing team for a retail organization that plans to push a big email and social media campaign into effect ahead of the annual sale.
In the corporate sphere, retail giants responded with strategic investments in resilient infrastructure and diversification of supply chains to adapt to climate change impacts. AI-Powered Alerts: AI-driven early warning systems became more accurate, enabling quicker responses to emerging threats.
We organize all of the trending information in your field so you don't have to. Join 25,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content