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How Banks Can Prepare for the FDIC’s Proposed Standards

LogisManager

In what is seen as a significant shift, the Proposed Standards will move away from the reliance on state law in favor of establishing governance and oversight obligations for banks. The first line of defense, typically the business units, can use the software to conduct risk assessments, document risks, and develop mitigation plans.

Banking 98
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Audit Checklist for SOC 2

Reciprocity

If your company is a service organization and your customers trust you with their data, you may need to pass a SOC 2 (System and Organization Controls 2) audit. Compliance and certification are the goals of a SOC 2 audit. The SOC 2 compliance audit gives them that assurance. Develop a SOC 2 Audit Framework. What is SOC 2?

Audit 52
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The Best Governance, Risk, and Compliance Software to Consider

Solutions Review

Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. With the platform, users can conduct internal audits, manage risks, optimize workflow efficiency, maintain SOX compliance, and manage controls. Fusion Risk Management. Platform: Fusion Framework System. Navex Global.

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How to Create and Implement an Effective Governance Model

LogisManager

A strong corporate governance structure is an essential component of any risk management program. Understanding Governance in the Modern Enterprise Corporate governance is a broad term that refers to all the processes, policies, standards and practices your organization uses to make and implement decisions.

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World Backup Day Quotes from Experts for 2025

Solutions Review

According to the Auvik IT Trends 2025 Report, 61 percent of IT professionals update network configurations weekly, yet nearly half only document those changes monthly or less often. This creates a four-week window where documentation lags behind. Without a backup, you risk losing this crucial data.

Backup 52
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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Following the Great Recession, regulators began requiring enhanced disclosure about risk and corporate governance. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy. A SOC2 audit only covers a limited subset of the product part of a company.

Banking 98
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Failure in Risk Management: The Turbulent Times of Boeing Airlines

LogisManager

The NTSB investigators found Boeing had not documented critical assembly line steps, including the reinstallation of bolts essential for holding the plug in place. They’re failures in corporate governance. Boeing has admitted there are no records. Why is the glaring lack of records a risk management problem for Boeing?