LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. With strong Enterprise Risk Management (ERM), nearly 100% of all liabilities can be avoided. ERM fosters effective governance programs that identify and prevent system misconfigurations, poor patch management practices and weak password management.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Reciprocity

NOVEMBER 5, 2021

The modern corporate organization faces a host of risks that can affect operational efficiency and regulatory compliance. Simple awareness is not enough to stay ahead of these risks. You must find ways to manage, mitigate, accept, or transfer these risks. Here’s where enterprise risk management (ERM) comes in.

Risk Management 52

Risk Management Management Audit Strategic 52

Solutions Review

SEPTEMBER 27, 2021

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.

Government 92

Government Audit Risk Management Hospitality 92

Reciprocity

MARCH 24, 2022

Vendor risk management (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. Third-party risk management begins with due diligence before signing a contract, as with any risk management program.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. Factor analysis of information risk (FAIR) provides a common risk mitigation vocabulary to help you to address security practice weaknesses.

Risk Management 52

Risk Management Management Mitigation All-Hazards 52

Reciprocity

AUGUST 18, 2022

Enterprise risk management (ERM) is critical for success in the modern business landscape. 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.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

APRIL 4, 2022

Although people often use the words “assess” and “analyze” interchangeably, the terms are not synonymous in risk management. A risk assessment forms the backbone of your overall risk management plan. Security risks aren’t the only type of risk that organizations face.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Fusion Risk Management

JANUARY 5, 2023

Operational resilience has been top of mind for regulators and financial services firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. Risk Management. Supply Chain Management and Third-Party Risk.

Resilience 52

Resilience Financial Services Outsourcing Audit 52

FS-ISAC

NOVEMBER 8, 2021

The rapid digitization in financial services as well as the new ways of working spawned by the pandemic have created new risks that either did not exist or were not material before. Second, regulators are increasingly indicating that ultimate accountability for cyber risk management rests with the board.

Cybersecurity 75

Cybersecurity Financial Services Risk Management Benchmark 75

Reciprocity

DECEMBER 27, 2022

GRC is an integrated approach to managing the organization’s governance, IT and security risks, and regulatory compliance functions. The three pillars of a GRC program are governance, risk management, and compliance. Risk Management. Automate Vendor Risk Management. Governance.

Government 52

Government Audit Risk Management Disaster Recovery 52

PagerDuty

JUNE 26, 2024

a number of people have asked if I could give more practical advice on how the PagerDuty Operations Cloud can play a part in helping firms in the Financial Services Industry (FSI) to meet their obligations under DORA. This documentation will be crucial for demonstrating compliance with these regulations during potential audits.

Resilience 52

Resilience Financial Services Alert Response Plan 52

Fusion Risk Management

SEPTEMBER 12, 2022

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C. Contractual Obligations.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

Reciprocity

AUGUST 24, 2022

The various niches of risk management have become a veritable alphabet soup of acronyms. As a result, we now have: Enterprise risk management (ERM). Governance, risk management, and compliance (GRC). Integrated risk management (IRM). The advent of the digital age is partly to blame.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Pure Storage

MAY 13, 2024

The Third-party Vector Risk From the hackers’ perspective, it’s easy to see the appeal of reaching targets indirectly through vendors and cloud providers. Cybercriminals know that big attractive targets like major financial services and healthcare organizations will have robust defenses around their own assets.

Audit 52

Audit Banking Benchmark Application 52

PagerDuty

APRIL 23, 2025

Risk management strategies Mitigating risks around AI deployment requires a multi-faceted approach: Start small with well-understood use cases where the potential for unintended consequences is limited. Regularly audit AI agent performance and impact against expected outcomes.

Strategic 52

Strategic Communications Alert Security 52

Reciprocity

MARCH 24, 2022

Segregation reduces the risk of inappropriate actions. Internal Audits. Solid internal audit procedures limit the risk of fraud. Along with management reviews, internal audits are critical to assess existing anti-fraud controls and assure they remain effective and up-to-date. External Audits.

Audit 52

Audit Banking Activation Authorization 52

Reciprocity

AUGUST 15, 2022

An effective compliance management system, the FDIC continues, typically includes: Board and management oversight; The compliance program itself; and. Regular audits of the compliance program. Compliance Audit. Senior Management. Effective risk management. To implement the appropriate controls.

Management 52

Management Audit Banking Media 52

Reciprocity

OCTOBER 1, 2022

As organizations and businesses around the world and across industries migrate their IT to the cloud, C-suites are faced with a new dilemma for governance, risk management and compliance (GRC) solutions: cloud versus on-premise software. Managing risk, compliance, and audit processes is complex and resource intensive.

Government 52

Government Internet Risk Management Cloud Computing 52

Reciprocity

DECEMBER 19, 2022

Although corporate compliance can feel overwhelming at first, corporate compliance programs offer a sound foundation for business strategy and risk management. Monitoring often incorporates audit requirements (either external or internal) as part of the regulatory or industry standard. Elements of a Strong Compliance Program.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Fusion Risk Management

AUGUST 18, 2022

The regulation is intended to make compliance obligations less confusing and provide greater security for consumers by creating unified standards for third-party risk monitoring, performance, and auditing. . The DORA is landmark legislation that is the first of its kind that focuses on how regulated entities manage their ICT risk.

Resilience 52

Resilience Authorization Gap Analysis Risk Management 52

Pure Storage

JANUARY 18, 2024

Financial firms are constantly on the lookout for data platforms that offer better performance, scalability, and reliability for their quant analysts, data scientists, risk managers, and others supporting their trading teams. This is the first solution Pure Storage has submitted for a STAC-M3 audit. β1.10T.THEOPL.TIME).

Benchmark 64

Benchmark Architecture Capacity Audit 64

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. Enterprise Risk Management (ERM).

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Fusion Risk Management

NOVEMBER 30, 2022

Given that many in the resilience field won’t be working for regulated financial services firms , the ‘stick’ of compliance isn’t there for them; instead, they have this opportunity to ride the wave of interest and engagement from stakeholders that the new regulations have brought with them. .

Resilience 52

Resilience Financial Services Audit Account Manager 52

Reciprocity

AUGUST 24, 2022

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? What Are the Most Common Vendor Risks? Staff training.

Management 52

Management Risk Management Cybersecurity Strategic 52

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. To combat those threats, businesses need to develop digital risk management. We can define that as the processes used to assess, monitor, and treat the risks that arise from the digital business processes that are so common today.

Mitigation 52

Mitigation Malware Cybersecurity Media 52

Erwood Group

MARCH 30, 2023

Formed in 1983, Silicon Valley Bank (SVB) was founded to provide financial services to startups, venture capitalists, and technology companies. The bank’s leadership failed to implement effective risk management policies, which led to poor lending decisions.

Banking 59

Banking Impact Analysis Risk Management Marketing 59

Reciprocity

SEPTEMBER 30, 2022

Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management? Notes on Vendor Access et.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

Pure Storage

OCTOBER 4, 2022

In previous posts, we looked at some of the hottest areas for AI in financial services and the top challenges to be addressed when implementing an AI or machine learning program. . With their enormous data sets and extensive experience with analytics tools, financial firms have an advantage when it comes to AI and ML.

Banking 59

Banking Financial Services Application Strategic 59

Reciprocity

OCTOBER 9, 2024

How to prepare for a NIST Audit: Checklist What is a security impact analysis? For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. Additionally, we’ve included links for deeper exploration and a practical guide to preparing for a NIST compliance audit.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40

Reciprocity

OCTOBER 9, 2024

How to prepare for a NIST Audit: Checklist What is a security impact analysis? For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. Additionally, we’ve included links for deeper exploration and a practical guide to preparing for a NIST compliance audit.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Economic pressures and a growing consensus that licensing and management overhead have become untenable are leading organizations toward renewed consolidation. At present, this is having varied results.

Authentication 142

Authentication Cybersecurity Security Government 142

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Economic pressures and a growing consensus that licensing and management overhead have become untenable are leading organizations toward renewed consolidation. At present, this is having varied results.

Healthcare 59

Healthcare Cybersecurity Security Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Economic pressures and a growing consensus that licensing and management overhead have become untenable are leading organizations toward renewed consolidation. At present, this is having varied results.

Healthcare 52

Healthcare Cybersecurity Security Government 52

Pure Storage

OCTOBER 17, 2024

If we have to do something, let’s make it useful,” said Rob Glanzman, Global Strategic Alliances Principal Architect, Financial Services, Pure Storage, in a recent webinar: “ Compliance as a Catalyst: Transforming Regulatory Challenges into Opportunities.” There’s a lot to be said about turning compliance into a competitive advantage.

Cyber Resilience 124

Cyber Resilience Resilience Financial Services Audit 124