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. SOC 2 audits were developed by the American Institute of Certified Public Accountants (AICPA) to provide assurance over a service provider’s cybersecurity controls. Think audit costs are high?

Audit 52

Audit B2B Cybersecurity Capacity 52

LogisManager

OCTOBER 17, 2024

The root cause of the contagion was traced to inadequate oversight of third-party integrations, a vulnerability that could have been mitigated with stronger governance and continuous monitoring. The breach cascaded across Change Healthcare’s partners, including healthcare providers, insurers, and pharmaceutical companies.

Risk Management 52

Risk Management Healthcare Management Audit 52

Fusion Risk Management

SEPTEMBER 12, 2022

Closely tied to those values are programs that enhance an organization’s operational risk management, compliance, and governance procedures; ESG (environmental, social, and governance) ; and reputation and perception in the market. Ability to Procure Cyber Insurance. Supply Chain Ecosystem. Contractual Obligations.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

Pure Storage

FEBRUARY 21, 2024

The Deep Dive on Data Sovereignty Data sovereignty is the set of legal frameworks used by governments to assert control over how citizen user data can be generated, used, and housed, both within borders and beyond, as in the case of international web traffic. Epic Games paid $520 million over alleged violations of the U.S

Audit 52

Audit Insurance Insurance Architecture 52

Pure Storage

DECEMBER 2, 2024

The 10 Biggest Data Breaches of 2024 and What We Can Learn from Them by Pure Storage Blog Summary In 2024, even major corporations and government agencies fell victim to sophisticated cyberattacks. UnitedHealth Group, the parent company, paid a $22 million ransom to recover data, which included medical records and insurance details​.

Cyber Resilience 52

Cyber Resilience Healthcare Cybersecurity Vulnerability 52

Solutions Review

SEPTEMBER 9, 2021

Description: Archer IT & Security Risk Management enables users to document and report on IT risks and controls, security vulnerabilities, audit findings, regulatory obligations, and issues across their technology infrastructure. Platform: Archer IT & Security Risk Management. Fusion Risk Management. Platform: HighBond.

Risk Management 98

Risk Management Management Audit Hospitality 98

Reciprocity

AUGUST 24, 2022

Governance, risk management, and compliance (GRC). Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. “My mind locked onto the terms Governance, Risk Management, and Compliance on different slides. There it was!

Risk Management 52

Risk Management Audit Insurance Insurance 52

Reciprocity

OCTOBER 8, 2024

Many companies have turned to automated risk management as part of their digital transformation and development of governance, risk, and compliance (GRC) programs. Is the current cyber insurance coverage enough for the initiative? What will be the overall return on investment (ROI) from the program?

Risk Management 52

Risk Management Cybersecurity Management Alert 52

Reciprocity

OCTOBER 8, 2024

Many companies have turned to automated risk management as part of their digital transformation and development of governance, risk, and compliance (GRC) programs. Is the current cyber insurance coverage enough for the initiative? What will be the overall return on investment (ROI) from the program?

Risk Management 52

Risk Management Cybersecurity Management Alert 52

Reciprocity

AUGUST 15, 2022

Specifically, a compliance management system looks like a collection of policies, procedures, and processes governing all compliance efforts. Ideally, your CMS is an integrated system to govern that program, which should include employee training, focused business processes, operational reviews, and corrective action strategies.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

MARCH 24, 2022

Evidence may include compliance certifications, penetration test reports, financial information, and on-site audits. For example, the Health Insurance Portability and Accountability Act (HIPAA) and the Payment Card Industry Data Security Standard (PCI DSS) , among others, require vendor compliance. Conduct vendor audits.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Pure Storage

MARCH 25, 2024

CISA is a part of the Department of Homeland Security and has responsibilities that include risk assessment, vulnerability reduction, threat detection, incident response, and the coordination of recovery efforts with other federal agencies, state and local government, and the private sector. Like nearly all efforts in the U.S.,

Financial Services 59

Financial Services Resilience Banking Risk Management 59

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 Risk Management Internet Audit 52

LogisManager

MAY 9, 2023

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. Failing to implement an ERM program under these circumstances is negligence.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

OCTOBER 7, 2024

For example, your human resource department possibly links to healthcare insurance providers using a web-based application. Strategies for risk mitigation include obtaining self-assessments, site visits, audit reports, and continuous monitoring tools. Trust But Verify Sure, you trust the audit reports of your vendor’s supply.

Cybersecurity 52

Cybersecurity Audit All-Hazards Risk Management 52

Reciprocity

DECEMBER 19, 2022

That can lead to painful financial costs, the possible loss of licenses to operate or to bid on government contracts, civil lawsuits, and other unpleasant circumstances. Monitoring often incorporates audit requirements (either external or internal) as part of the regulatory or industry standard. If it isn’t, they won’t.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

FS-ISAC

NOVEMBER 8, 2021

You can hire a professional audit firm to benchmark the bucket against peer buckets. Rather than beginning with a tick list of 400 compliance and audit-driven program measures, beginning with an intelligence-driven set of top Threat Objectives directs testing activity. Or you could fill it with water. Put Your Team in Their Shoes.

Risk Management 59

Risk Management Management Audit Asset Management 59

Reciprocity

SEPTEMBER 30, 2022

And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety. Assess Vendor Cyberdefense and Governance.

Healthcare 52

Healthcare Management Vulnerability Risk Management 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

Business Resilience Decoded

OCTOBER 7, 2021

Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan. 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

Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan. 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

Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan. 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

LogisManager

OCTOBER 12, 2021

IT Governance & Security : Protecting your company’s assets, data and reputation by assessing risk and responding to incidents. Audit Management: Making sure that every business area within your organization is stacking up and improving accordingly. This means monitoring controls to make sure they are as effective as possible.

Risk Management 52

Risk Management Management Insurance Insurance 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. ERM’s Ultimate Objective.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

APRIL 4, 2022

Risk can be affected by numerous external factors, including natural disasters, global pandemics, raw material prices, increased levels of competition, or changes to current government regulations. Audit risk. Workflow management features offer easy tracking, automated reminders, and audit trails. What Is a Risk Assessment?

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Reciprocity

SEPTEMBER 23, 2022

Governments have enacted laws such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR) to give people more control over their personal information. Both laws govern how businesses can use the data they collect about consumers. To help, we offer a detailed comparison of the CCPA and the GDPR.

Government 52

Government Audit Activation Application 52

Reciprocity

NOVEMBER 5, 2021

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. ERM must be continuously monitored to stay on top of the evolving risk landscape through internal audits, external audits, and as a part of ongoing management activities.

Risk Management 52

Risk Management Management Audit Strategic 52

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. Data Governance. 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

JANUARY 12, 2023

Reciprocity’s ROAR Platform compliance and audit management solution leaves compliance-by-spreadsheet behind. Guides and checklists can only go so far if you’re still using old-fashioned spreadsheets to track your compliance efforts. Ask yourself: Do you want to work that hard?

Audit 98

Audit Fashion Publishing Financial Services 98

LAN Infotech

JUNE 1, 2021

The best platforms should include document versioning and audit trails that track user access to sensitive documents while limiting access to certain firm users. Legal Files is ideal for a legal firm that handles various cases or private and government entities that manage bureaucratic tasks.

Management 52

Management Communications Audit Insurance 52

Security Industry Association

AUGUST 4, 2022

One of the most effective things a school can do to improve existing physical structure vulnerabilities is to have their site evaluated by a professional providing a security audit (written report) with suggested mitigation strategies. At the top of that list (at all schools) – have at least one school resource officer. More is better.

Activation 98

Activation Security Architecture Mitigation 98

Reciprocity

APRIL 4, 2022

Workflow management features offer easy tracking, automated reminders, and audit trails. Templates guide you through the risk assessment process to help you understand your risk landscape and prioritize mitigation activities. Insightful reporting and dashboards provide visibility to gaps and high-risk areas.

Mitigation 52

Mitigation Malware Cybersecurity Media 52

Plan B Consulting

NOVEMBER 1, 2019

This week, I was conducting an exercise for a government organisation. For example, do we hold National Insurance Numbers, do we hold credit card numbers or not? Charlie proposes an inventory of information which your organisation should consider to conduct a cyber data risk assessment. What are the categories of the data you hold?

Banking 52

Banking Internet Audit Insurance 52

Plan B Consulting

NOVEMBER 1, 2019

This week, I was conducting an exercise for a government organisation. For example, do we hold National Insurance Numbers, do we hold credit card numbers or not? Charlie proposes an inventory of information which your organisation should consider to conduct a cyber data risk assessment. What are the categories of the data you hold?

Banking 52

Banking Internet Audit Insurance 52

Solutions Review

MARCH 31, 2023

Also, they can reduce their attack surfaces by establishing policies, technologies and auditing that reduces their data footprint through methodologies like deduplication. Companies need to adhere to the law, govern data accordingly and have a recovery plan in place. Second, test your recovery scenarios.

Backup 119

Backup Disaster Recovery Application Security 119

Reciprocity

AUGUST 24, 2022

If your vendor needs to meet a compliance standard or regulation, check recent security audits to review how well it manages compliance with that standard. Criteria for Setting KPIs Include: Compliance requirements. Staff training.

Management 52

Management Risk Management Cybersecurity Strategic 52

Reciprocity

AUGUST 17, 2022

This comprehensive platform includes risk management, compliance, audit, and policy management capabilities to manage these critical tasks easily. Manage Strategic and Operational Risk Seamlessly with Reciprocity ZenRisk. To better manage your strategic and operational risk, rely on technology such as Reciprocity ZenRisk.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52