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Managing Third-Party Risk in Healthcare Supply Chains

Reciprocity

Beyond these fines, costs multiply quickly: breach investigations, patient notification and credit monitoring, cybersecurity improvements, increased insurance premiums, and lost revenue from disrupted operations. The ripple effects impact lab result processing, medical imaging, and insurance claim submissions.

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What is COBIT? COBIT Explained

BMC

It was first introduced by the Information Systems Audit and Control Association (ISACA) in 1996, and has gone through many rounds of development since. ISACA stands for the Information Systems Audit and Control Association. Ensures the use of IT effectively and innovatively to align with strategic business goals. What is ISACA?

Audit 52
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The Relationship Between Internal Controls and Internal Audits

Reciprocity

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. What Are Internal Audits?

Audit 52
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The Relationship Between Internal Controls and Internal Audits

Reciprocity

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. What Are Internal Audits?

Audit 52
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Vendor Onboarding Best Practices: Reducing Risk from Day One 

Reciprocity

Insurance certificates confirm protection. Security questionnaires, compliance certifications, and audit reports provide evidence that vendors can protect your interests. The platform automatically analyzes risks and identifies potential hazards, letting your team focus on strategic decisions rather than administrative tasks.

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The Cost of Non-Compliance: Why Third-Party Risk Should Be a Top Priority in 2025 

Reciprocity

System downtime leads to lost revenue, while emergency vendor replacements and increased insurance premiums create unexpected budget impact. Strategic initiatives face delays as security teams struggle with redundant documentation efforts. Organizations face substantial expenses in incident response, legal fees, and regulatory fines.

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The Difference Between Strategic and Operational Risk

Reciprocity

On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks? Non-Business Risks.