Reciprocity

OCTOBER 8, 2024

In this article we will define automated risk management and explore how risk assessment tools can help you bolster your cybersecurity through automated risk management processes. Examples include cybersecurity risk assessments, financial risk analyses, and environmental risk studies. What is automated risk management?

Risk Management 52

Risk Management Cybersecurity Management Alert 52

LogisManager

OCTOBER 17, 2024

The breach cascaded across Change Healthcare’s partners, including healthcare providers, insurers, and pharmaceutical companies. Weak Cybersecurity Controls : By neglecting to implement basic cybersecurity measures like multi-factor authentication, Change Healthcare left itself vulnerable to attack.

Risk Management 52

Risk Management Healthcare Management Audit 52

The Morning Breach

JANUARY 8, 2021

The best thing for you to do as a business owner is to do annual checks and balances on your partners or even the internal staff, and you achieve this with a third-party security audit. In today’s world of cyber security, it’s not a threat of you’re not doing your job.

Cybersecurity 52

Cybersecurity Audit Insurance Insurance 52

Reciprocity

APRIL 4, 2022

Security risk assessments are essential not just for cybersecurity but also for regulatory compliance. Audit risk. Information security and cybersecurity risks often bubble to the top in a world connected with technology, uut you would be remiss if you only focused on technology-related risks. Credit risk. Compliance risk.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Reciprocity

OCTOBER 8, 2024

That said, if your business is a service provider, you should consider investing in the technical audit required for a SOC 2 report anyway. Many companies now expect SOC 2 compliance from their service providers, and having a SOC 2 report demonstrates a seriousness about cybersecurity that your sales prospects will find attractive.

Audit 52

Audit B2B Cybersecurity Capacity 52

Reciprocity

OCTOBER 8, 2024

That said, if your business is a service provider, you should consider investing in the technical audit required for a SOC 2 report anyway. Many companies now expect SOC 2 compliance from their service providers, and having a SOC 2 report demonstrates a seriousness about cybersecurity that your sales prospects will find attractive.

Audit 52

Audit B2B Cybersecurity Capacity 52

Fusion Risk Management

SEPTEMBER 12, 2022

Yes, there are some aspects of technology and data protection that fall within the parameters of privacy and cybersecurity laws. Operational resilience – like cybersecurity and corporate compliance – is everyone’s responsibility. Ability to Procure Cyber Insurance. Lead with a Top-Down and Bottom-Up Approach.

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Resilience Insurance Insurance Outsourcing 52

FS-ISAC

NOVEMBER 8, 2021

You can hire a professional audit firm to benchmark the bucket against peer buckets. While “close enough” works in asset management for financial inventory, it can quickly prove useless in cybersecurity. Armed with a clearly articulated and focused mission, your cybersecurity team can turn to control testing.

Risk Management 59

Risk Management Management Audit Asset Management 59

BMC

DECEMBER 5, 2024

Its latest iteration, COBIT 2019 , has revamped parts of its framework while offering much-needed updates that accounts for ever-present cybersecurity threats and the incorporation of Agile and DevOps practices. ISACA stands for the Information Systems Audit and Control Association. What is ISACA? What are the benefits of COBIT?

Audit 52

Audit Government Technology Security 52

Reciprocity

MARCH 24, 2022

Such risks could affect your business’ cybersecurity, regulatory compliance, business continuity, and organizational reputation. It encompasses controls for cybersecurity, information technology, data security, and business resiliency. Cybersecurity. Cybersecurity risk is one of the biggest concerns with third parties.

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Risk Management Management Audit Cybersecurity 52

Solutions Review

DECEMBER 12, 2024

In an era defined by rapid innovation and heightened cybersecurity threats, staying ahead requires insights from those who build, implement, and innovate at the cutting edge of these technologies. Cyber Liability insurance will increasingly require a privacy audit. This approach could prove counterproductive.

Vulnerability 52

Vulnerability Cybersecurity Malware Audit 52

Pure Storage

MAY 13, 2024

Engage with the reality of the new threat landscape CISOs and their teams clearly have plenty to do, but there’s an essential task to add to the list: instituting new policies and procedures around procurement, auditing, and monitoring of third-party providers. Tame SaaS sprawl Every additional application is a potential attack vector.

Audit 52

Audit Banking Benchmark Application 52

Pure Storage

MARCH 25, 2024

Specifically, these have come from the Cybersecurity & Infrastructure Security Agency (CISA), Federal Financial Institutions Examination Council (FFIEC), and the National Cybersecurity Strategy (NCS) from the White House. Audit and reporting: While OR regulatory programs in the U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

LogisManager

MAY 9, 2023

Here is why: In my 18 years as CEO of LogicManager, I have observed a pattern that for every corporate mishap, cybersecurity breach, corporate fraud, or non-compliance finding, experts within the company attempted unsuccessfully to escalate their concerns six months or more prior to the mishap. This is GRC at its finest.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

APRIL 4, 2022

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?

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Mitigation Malware Cybersecurity Media 52

Reciprocity

OCTOBER 7, 2024

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.”

Cybersecurity 52

Cybersecurity Audit All-Hazards Risk Management 52

Reciprocity

DECEMBER 27, 2022

This allows you to strengthen cybersecurity, reduce uncertainty, cut costs, and improve business decision-making. Risk management refers to a holistic framework that allows the organization to identify, assess, control, and minimize all its risks: financial, reputational, regulatory, strategic, operational, transactional, and cybersecurity.

Government 52

Government Audit Risk Management Disaster Recovery 52

BMC

DECEMBER 5, 2024

Its latest iteration, COBIT 2019 , has revamped parts of its framework while offering much-needed updates that accounts for ever-present cybersecurity threats and the incorporation of Agile and DevOps practices. ISACA stands for the Information Systems Audit and Control Association. What is ISACA? What are the benefits of COBIT?

Audit 52

Audit Government Technology Security 52

Reciprocity

SEPTEMBER 30, 2022

Such valuable data creates immense cybersecurity risks in healthcare. The pain is felt by the healthcare organization when a vendor has an outage because of ransomware or another cybersecurity intrusion. Despite HIPAA regulations, cybersecurity attacks and data breaches targeting healthcare remain a severe and increasing threat.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

Reciprocity

AUGUST 24, 2022

Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. 2007-2012): Audit management, enterprise, and operational risk management, compliance beyond financial controls, and more. GRC 4.0: (2018-present): Automated GRC.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Reciprocity

NOVEMBER 5, 2021

There are many different types of risks, such as operational risks, financial risks, or strategic risks; as well as others including reputational, regulatory, or cybersecurity risk. Not only can an integrated risk management program save you money by avoiding business disruptions; it can also help your accounting team come audit time.

Risk Management 52

Risk Management Management Audit Strategic 52

Business Resilience Decoded

OCTOBER 7, 2021

Episode 79: Understanding Ransomware Vanessa is joined by Brian Kirk, director of cybersecurity for Elliott Davis, LLC, a Southeast-based accounting and consulting firm. Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan.

Disaster Recovery 36

Disaster Recovery Sports Audit Media 36

Business Resilience Decoded

OCTOBER 7, 2021

Episode 79: Understanding Ransomware Vanessa is joined by Brian Kirk, director of cybersecurity for Elliott Davis, LLC, a Southeast-based accounting and consulting firm. Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan.

Disaster Recovery 36

Disaster Recovery Sports Audit Media 36

Business Resilience Decoded

OCTOBER 7, 2021

Episode 79: Understanding Ransomware Vanessa is joined by Brian Kirk, director of cybersecurity for Elliott Davis, LLC, a Southeast-based accounting and consulting firm. Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan.

Disaster Recovery 36

Disaster Recovery Sports Audit Media 36

Reciprocity

AUGUST 15, 2022

But as more companies use technology across all parts of the enterprise and more compliance requirements focus on cybersecurity, IT security is becoming an increasingly central part of the CMS. The Federal Deposit Insurance Corp. Regular audits of the compliance program. Compliance Audit. What is a Compliance Program?

Management 52

Management Audit Banking Risk Management 52

Solutions Review

JUNE 16, 2023

This is critical for compliance audits and proving disaster resilience. Taking on the Shared Responsibility Model There are two key threats to data resiliency in the cloud—the misconception that your cloud or SaaS provider will ‘automatically’ safeguard your data, and thinking that cybersecurity is the same as data security.

Resilience 52

Resilience Backup Architecture Cybersecurity 52

Reciprocity

MARCH 28, 2022

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.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Solutions Review

MARCH 31, 2023

Backups are an essential component of several functions in the NIST Cybersecurity Framework. Specifically, backups relate to the Recover function, which involves restoring any services that were compromised in a cybersecurity incident. However, backups fail to provide protection from data theft with no chance of recovery.

Backup 119

Backup Disaster Recovery Application Security 119

LogisManager

MAY 20, 2021

That’s why insurance premiums are increasing exponentially for those organizations that cannot provide evidence of an effective ERM program that has strong controls and a robust Incident Response program. The less prepared you are when responding to an incident, the more likely you’ll be forced into paying ransom.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Reciprocity

DECEMBER 19, 2022

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

Audit All-Hazards Gap Analysis Healthcare 52

Reciprocity

AUGUST 18, 2022

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. Passing or sharing the risk via insurance, joint venture, or another arrangement.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

AUGUST 24, 2022

As you bring new vendors into your organization’s orbit, you will need assurance that those third parties continuously comply with the cybersecurity controls outlined in the service level agreements you’ve established. Cybersecurity. Begin by determining your organization’s tolerance for cybersecurity risk.

Management 52

Management Risk Management Cybersecurity Strategic 52

Reciprocity

AUGUST 17, 2022

New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or financial position – and above all, leave the organization unable to achieve its business objectives. Cybersecurity events, such as data breaches.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Security Industry Association

APRIL 7, 2022

Strict privacy laws and regulations, such as the Health Insurance Portability and Accountability Act (HIPAA), are important considerations when deploying and financing security solutions in the health care sector. Unfortunately, the challenges do not end here. Protecting Patients and Privacy. Protecting Patient Privacy.

Hospitality 52

Hospitality Security Technology Alert 52

everbridge

DECEMBER 19, 2023

The United States Department of Homeland Security introduced a comprehensive cybersecurity framework, placing a strong emphasis on merging the worlds of physical and digital security. Lessons Learned: Exploration of Cybersecurity Vulnerabilities: In 2023, a surge in cyberattacks exposed vulnerabilities across various sectors.

Management 59

Management Travel Vulnerability Cybersecurity 59

Solutions Review

JANUARY 25, 2023

The experts featured represent some of the top Cybersecurity solution providers with experience in these marketplaces, and each projection has been vetted for relevance and ability to add business value. Other approaches include using encryption, implementing strict access controls, and regular monitoring and auditing systems.

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Backup Government Application Security 116

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. ” Eric Scwake, Director of CyberSecurity Strategy at Salt Security “Data Privacy Weeks allows organizations of all sizes to reflect on their critical data and assess ways to ensure its safety and security.

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Authentication Cybersecurity Security Government 142