Remove Audit Remove Cybersecurity Remove Hazard
article thumbnail

Risk Assessment vs Risk Analysis

Reciprocity

Security risk assessments are essential not just for cybersecurity but also for regulatory compliance. Audit risk. Various types of hazards must be considered. After identifying hazards and risks, consider how they are harmful and the possible outcomes. Here are some others: Financial risk. Credit risk. Compliance risk.

article thumbnail

ISO 27001 Certification Requirements & Standards

Reciprocity

If using an ISO audit software tool to achieve ISO certification is on your compliance roadmap, here’s a quick primer to get you up to speed and jumpstart your ISO compliance efforts. The ISMS provides tools for management to make decisions, exercise control, and audit the effectiveness of InfoSec efforts within the company.

Audit 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Prevent Third-Party Vendor Data Breaches

Reciprocity

Audit third-party vendors for compliance An audit is the only way to see what’s really happening with your vendor’s security, so perform those audits whenever necessary (say, with particularly high-risk data you’re entrusting to a vendor). Look for indicators of compromise and how well the vendor assesses cybersecurity risk.

Audit 52
article thumbnail

Third-Party Due Diligence Best Practices

Reciprocity

However, in cybersecurity, you need to update it to “if you build it, they will come, but they won’t get in.” Due diligence in vendor management requires you to maintain that security-first approach and find organizations that also take cybersecurity seriously. The old(ish) saying goes, “if you build it, they will come.”

article thumbnail

Strategies for Digital Risk Protection

Reciprocity

So it is for houses and buildings – and the same principle is just as true for cybersecurity. Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. DRP is the active piece of the cybersecurity puzzle, and is an imperative for every organization. What is Digital Risk Protection? Technology.

article thumbnail

5 Steps To Developing A Corporate Compliance Program

Reciprocity

When your business does commit misconduct or suffers some unfortunate incident (say, a cybersecurity breach), regulators will examine your compliance program to see whether the business was making a good-faith effort to avoid those events. Set up a mechanism for monitoring and auditing. Elements of a Strong Compliance Program.

Audit 52
article thumbnail

Risk Assessments and Internal Controls

Reciprocity

Internally generated reports periodically summarize audit results and control activities for auditors and stakeholders to consider. They include fraud, security failure, legal breaches, environmental hazards, or natural disasters. Information and communication. Monitoring activities. It is often related to control and residual risks.

Audit 52