Reciprocity

OCTOBER 7, 2024

Any modern organization looking to navigate today’s risk environment successfully needs both strong internal controls and ongoing internal audits. This guide aims to eliminate that confusion by explaining the meaning and importance of internal controls and internal audits. There can, however, be confusion between these two terms.

Audit 52

Audit Corporate Governance Evaluation Activation 52

Reciprocity

FEBRUARY 12, 2025

While these partnerships drive innovation and efficiency, they also open the door to potential risks that need to be managed from the very first interaction. Common Challenges in Manual Vendor Onboarding Organizations attempting to manage vendor onboarding through manual processes face mounting pressure.

Evaluation 52

Evaluation Vulnerability Audit Risk Management 52

Pure Storage

DECEMBER 17, 2024

Data breaches wreaked havoc on businesses from data management to healthcare in 2024. Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. If you have cyber insurance, work with your insurer to file claims and understand coverage for recovery costs.

Security 52

Security Vulnerability Cybersecurity Cyber Resilience 52

LogisManager

OCTOBER 19, 2023

Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure. Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy.

Banking 98

Banking Corporate Governance Audit Risk Management 98

LogisManager

MAY 9, 2023

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. I predict by next year they too will conclude that it was a failure in risk management.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

MARCH 3, 2025

Manual vendor management creates critical vulnerabilities through fragmented documentation and inconsistent security assessments. Schedule a demo to see how ZenGRC can strengthen your healthcare vendor risk management program. The healthcare supply chain of 2025 bears little resemblance to its predecessor from just a few years ago.

Healthcare 52

Healthcare Management Risk Management Audit 52

FS-ISAC

NOVEMBER 8, 2021

You can hire a professional audit firm to benchmark the bucket against peer buckets. We chase concepts that seem simple, such as "basic" network hygiene, asset management, and patching. But these approaches rely on tenets based on traditional operational and financial risk management. Or you could fill it with water.

Risk Management 59

Risk Management Management Audit Asset Management 59

Solutions Review

SEPTEMBER 27, 2021

Description: Apptega is a cybersecurity and compliance management platform that makes it easy for users to access, build, manage, and report their cybersecurity and compliance programs. Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. Fusion Risk Management.

Government 92

Government Audit Risk Management Hospitality 92

Reciprocity

FEBRUARY 4, 2025

In 2025, organizations face an unprecedented challenge in managing third-party risk. This isn’t just about vendor assessments anymore it’s about managing an intricate web of AI-powered tools, remote access points, and digital dependencies that could each represent a potential vulnerability in your security posture.

Risk Management 52

Risk Management Vulnerability Strategic Insurance 52

Solutions Review

DECEMBER 12, 2024

Evolving compliance and cloud regulations will demand a proactive approach to managing risks, including areas of data security, AI regulation and intellectual property concerns. This heightened accountability is set to redefine service contracts and risk management strategies. This approach could prove counterproductive.

Vulnerability 52

Vulnerability Cybersecurity Malware Audit 52

Zerto

MARCH 5, 2025

By functioning as a standardized blueprint, they outline the best practices to approach risk management and help businesses maintain resilience in the face of growing threats. HIPPA: The Health Insurance Portability and Accountability Act (HIPPA) enforces data protection regulations specifically for the healthcare industry.

Cyber Resilience 52

Cyber Resilience Security Disaster Recovery Resilience 52

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

LogisManager

OCTOBER 12, 2021

What Is Risk Management? Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. Risk Management allows you to imagine tomorrow’s surprises today. However, implicit risk management is not enough to successfully operate a business.

Risk Management 52

Risk Management Management Insurance Insurance 52

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. 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. This will also uncover poor management of privileged user accounts.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Reciprocity

NOVEMBER 5, 2021

You must find ways to manage, mitigate, accept, or transfer these risks. Here’s where enterprise risk management (ERM) comes in. It helps you manage, minimize, and in some cases eliminate risks, to keep your organization safe and in business. ERM looks at risk management strategically and from an enterprise-wide perspective.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

AUGUST 15, 2022

Automated tools allow your compliance management system (CMS) to work effectively. Specifically, a compliance management system looks like a collection of policies, procedures, and processes governing all compliance efforts. The Federal Deposit Insurance Corp. Regular audits of the compliance program. Compliance Program.

Management 52

Management Audit Banking Media 52

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures.

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

everbridge

DECEMBER 19, 2023

By Eric Boger, VP Risk Intelligence As we approach the end of 2023, it’s vital to reflect on the transformative year in the field of critical event management. Travel Risk Management and Employee Duty of Care Travel risk management took on new dimensions in 2023.

Management 59

Management Travel Vulnerability Cybersecurity 59

Fusion Risk Management

SEPTEMBER 12, 2022

Are you able to respond to and manage all of the SLAs (service-level agreements) that you’re required to adhere to contractually? . A bottom-up approach occurs when teams are issue spotting via speaking up about issues that they are encountering, control testing, or remediating audit findings. Contractual Obligations.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

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? The Need for Third-party Risk Management in Healthcare.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

everbridge

OCTOBER 7, 2024

When any of us own a large purchase or investment, we protect that investment with insurance. Our logic when choosing insurance is that the cost of the insurance is justifiable based on the potential loss we would incur should the worse case scenario happen. Be it a house, car, boat, our health and even our lives.

Continuity Planning 52

Continuity Planning Business Continuity Insurance Insurance 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. SOC 2 audits were developed by the American Institute of Certified Public Accountants (AICPA) to provide assurance over a service provider’s cybersecurity controls. What Is SOC 2?

Audit 52

Audit B2B Capacity Cybersecurity 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. SOC 2 audits were developed by the American Institute of Certified Public Accountants (AICPA) to provide assurance over a service provider’s cybersecurity controls. What Is SOC 2?

Audit 52

Audit B2B Capacity Cybersecurity 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. Audit risk. Formulation of Risk Management Actions. Here are some others: Financial risk.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Reciprocity

OCTOBER 8, 2024

Risk management is arguably the most effective way to navigate uncertain circumstances. That said, not everyone can handle the time and resource commitments associated with traditional risk management processes. If this is you, building an automated risk management program may be the wiser course. Integration with other systems.

Risk Management 52

Risk Management Cybersecurity Management Alert 52

Reciprocity

OCTOBER 8, 2024

Risk management is arguably the most effective way to navigate uncertain circumstances. That said, not everyone can handle the time and resource commitments associated with traditional risk management processes. If this is you, building an automated risk management program may be the wiser course. Integration with other systems.

Risk Management 52

Risk Management Cybersecurity Management Alert 52

LAN Infotech

JUNE 1, 2021

What Are The Various Document Management Systems (Good/Bad) Used By Law Firms? Unfortunately, not all legal management systems out there are built to provide the same level of support that your law firm needs. Filevine is a highly configurable case management system that manages documents, communications, and even projects.

Management 52

Management Communications Insurance Insurance 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? Setting up metrics is essential for the success of your vendor risk management (VRM) program.

Management 52

Management Risk Management Cybersecurity Strategic 52

BMC

DECEMBER 5, 2024

IT management abounds with best practice frameworks. These frameworks offer philosophies and tangible paths forward to improve cost and resource management, measure risk, speed up customer service, and innovate analysis through predictive methods. ISACA stands for the Information Systems Audit and Control Association.

Audit 52

Audit Government Technology Security 52

Reciprocity

JANUARY 12, 2023

This implies that the CCPA doesn’t apply if you manage a charity or another non-profit – but the answer is not quite that simple. Section 1798.150: Data security and breach management. Reciprocity’s ROAR Platform compliance and audit management solution leaves compliance-by-spreadsheet behind.

Audit 98

Audit Fashion Publishing Financial Services 98

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

Reciprocity

DECEMBER 27, 2022

Managing all your governance, risk, and compliance (GRC) needs is no easy task. 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.

Government 52

Government Audit Risk Management Disaster Recovery 52

Pure Storage

FEBRUARY 21, 2024

The Impact of Data Sovereignty on Business Data sovereignty compliance can be a major factor in decisions on data management, data security, data residency, and even IT architecture and cloud vendor selection. For example, the Health Insurance Portability and Accountability Act (HIPAA) regulates protected health information (PHI).

Audit 52

Audit Insurance Insurance Architecture 52

Reciprocity

AUGUST 24, 2022

The various niches of risk management have become a veritable alphabet soup of acronyms. As such risks proliferate and evolve, so do the ways to manage them. As a result, we now have: Enterprise risk management (ERM). Governance, risk management, and compliance (GRC). Integrated risk management (IRM).

Risk Management 52

Risk Management Audit Insurance Insurance 52

BMC

DECEMBER 23, 2024

In GRC, risk management ensures that the organization identifies, analyses, and controls risk that can derail the achievement of strategic objectives. Therefore, governments and international agencies are paying a closer eye to how digital businesses manage data.

Government 52

Government Audit Outsourcing Technology 52

Reciprocity

MARCH 24, 2022

Employees or senior management create fictitious revenues, understate revenues, hide liabilities, or inflate assets in financial statement fraud. Internal Audits. Solid internal audit procedures limit the risk of fraud. External Audits. It is a single source of truth that ensures your organization is always audit-ready.

Audit 52

Audit Banking Activation Authorization 52