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They can potentially see which administrators have access to which systems, monitor backup software configurations, and identify potential vulnerabilities in the backup chain. Backup Software Vulnerabilities : Exploiting security weaknesses in backup tools 4. How easy it is to identify your backup storage locations.
By January 17, 2025 , financial institutions and ICT service providers in the EU must meet stringent requirements to enhance IT resilience, manage risk, and recover quickly from disruptions. As reliance on digital technologies by financial institutions increases, so does the risk of cyberattacks, IT failures, and third-party vulnerabilities.
How Can Blockchain Be Used in Data Storage and Auditing? by Pure Storage Blog Summary Blockchain has the potential to transform how we think about data storage and auditing thanks to its decentralized approach and cryptographic principles that make tampering virtually impossible. But trust, as we’ve learned, can be fragile.
Change Healthcare’s 2024 Data Breach: Key Risk Management Lessons Last Updated: October 17, 2024 In 2024, Change Healthcare faced a significant data breach that rippled across the healthcare industry, highlighting how risks are interconnected and can spread beyond their point of origin.
Crisis Management Explained: A Comprehensive Guide Crisis management is a crucial aspect of running a successful organization. What is Crisis Management? The Importance of Crisis Management Even the best-managed businesses can be hit by a crisis caused by external or internal events.
Crisis Planning: A Foundation For Crisis Management Success The ability to anticipate and safely navigate through crises has long been a cornerstone of organizational resilience. Effective planning ensures that there is a seamless integration between crisis management, crisis communications, and business continuity efforts.
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.
This will almost certainly lead to civil unrest and pose significant risks to organizations and communities, creating a crisis management nightmare. According to the Edelman survey, young adults are particularly vulnerable, with 53% endorsing hostile activism as a legitimate tool for change.
The Benefits of Automating Contract Management Last Updated: January 14, 2025 Contract management is the glue that holds organizations together. Risk managers know better than anyone how new tools can create vulnerabilities for the company. What Is Contract Management Automation?
To assure that all those parts are working as intended, you should perform a cybersecurity audit. Audits aren’t just good sense, either; many data privacy and security regulations require audits. That said, the steps for a cybersecurity audit can be long. Define the scope of your audit.
Achieving and maintaining FedRAMP compliance involves managing hundreds of security controls, extensive documentation, and continuous monitoring requirements. Governance, Risk, and Compliance (GRC) software has become an essential tool for organizations navigating this complex landscape.
The key lies in strategic crisis management planning that focuses on addressing categories of issues rather than specific circumstances. To prevent crises where it’s possible, and mitigate their impact where it’s not, businesses must invest in comprehensive crisis planning that addresses these areas of vulnerability.
The landscape of evolving digital threats, coupled with the pandemic-induced surge in remote and hybrid work, has exposed organizations to an increasing number of vulnerabilities. So, if you’re an IT manager, what’s the best way to assess the current state of affairs and prepare for what lies ahead?
The landscape of evolving digital threats, coupled with the pandemic-induced surge in remote and hybrid work, has exposed organizations to an increasing number of vulnerabilities. So, if you’re an IT manager, what’s the best way to assess the current state of affairs and prepare for what lies ahead?
For risk managers, onboarding is more than just welcoming new team members it’s about ensuring everyone understands compliance while preventing business risks. Risk managers can use automation to train new employees without increasing security risks. Your team information is audit-ready at all times.
An audit of your IT systems can identify and fix those potential disruptions before they happen – and an IT audit checklist can ensure that your IT department has the necessary resources in place to keep your systems safe. What Is the Main Goal of an IT Audit Checklist?
Solutions Review’s listing of the best risk management software is an annual mashup of products that best represent current market conditions, according to the crowd. The editors at Solutions Review have developed this resource to assist buyers in search of the best risk management software and tools to fit the needs of their organization.
These tools can help centralize policy management and streamline documentation. Consider tools that centralize and streamline the evidence collection process. This can significantly reduce the time and effort needed during the assessment phase.
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. Instead, they began with vulnerabilities in vendor systems. As vendor networks expand and regulations evolve, traditional approaches create increasingly serious vulnerabilities.
One essential tool that bolsters this trust is an audit of internal control over financial reporting (ICFR). At its core, an ICFR audit evaluates the operating effectiveness of a company’s internal processes and controls that safeguard its financial statements from misrepresentation, either accidental or intentional.
Assessing Ransomware Risk with the Pure Storage Security Assessment by Pure Storage Blog Summary The Pure Storage Security Assessment is a comprehensive evaluation tool that helps organizations identify and address vulnerabilities in their storage environment and offers actionable steps to help them reduce exposure to threats.
With video conferencing, project management software and messaging platforms, teams can communicate effectively, share files instantly and track projects regardless of location. Security Note: Remote work introduces various security vulnerabilities, especially around network security and device access.
Performing regular network audits, keeping software up-to-date, and keeping abreast of planned software retirements can help businesses and organizations eliminate this source of risk. They can expose their networks to vulnerabilities that hackers and cybercriminals can exploit.
Data breaches often exploit vulnerabilities in software, weak passwords, or insider threats to gain access to critical systems and exfiltrate data. Data breaches wreaked havoc on businesses from data management to healthcare in 2024. To fix these vulnerabilities: 1. fuel pipeline, causing widespread disruptions.
Point-in-time evaluations quickly become outdated, leaving organizations vulnerable to emerging risks and missed opportunities. Spreadsheets and email chains can’t keep pace with today’s compliance requirements, audit demands, and reporting needs. Beyond efficiency gains, automation enables more strategic GRC management.
Automated Vulnerability Scanning Hackers now deploy AI to automate the process of scanning small businesses for vulnerabilities. Target these vulnerabilities faster than ever before. Adapt in real time to exploit new vulnerabilities. Conduct Regular Audits: Regularly assess your IT infrastructure for vulnerabilities.
While business task automation (BTA) offers companies a new way to manage workflows, it also comes with new risks. Risk managers need to understand their IT processes so they can find and prevent security threats for everyone. Understanding the main BTA risks lets risk managers use proactive strategies and tools to address gaps.
It involves aligning security initiatives with business objectives, managing risk, and ensuring that security is embedded into the organization’s culture. The breach was partly due to a failure to apply known patches for a vulnerability. Leaders set the tone for how seriously cybersecurity is taken throughout the company.
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.
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.
Reputation Management: Assisting with PR and customer outreach after an attack. This preparedness not only helps you recover faster but also signals to insurers that you’re serious about managing risks. Identify Access Management (IAM) Tools Insurers will want to know that you’re monitoring who is accessing your data.
Despite implementing vulnerabilitymanagement, extended detection and response (XDR), threat monitoring, security information and event management (SIEM), and other technologies, they always seem to be one step behind the cybercriminal fraternity. This is a misconception, and a dangerous one at that.
Security threats are evolving rapidly, shaped by a combination of cyber vulnerabilities, supply chain risks, geopolitical instability, and natural disasters. According to the National Institute of Standards and Technology (NIST), nearly 43% of cyberattacks in 2023 targeted vulnerabilities within third-party supply chains.
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.
Breaking down the barriers to incident management A lack of clear ownership A lack of clear ownership during an outage can lead to delays, confusion, and increased risks to compliance. Collaboration across departments further ensures silos become strengths rather than obstacles, boosting the efficiency of incident management.
Organizations will need to maintain detailed documentation of all security policies and procedures, conduct annual compliance audits, and implement regular penetration testing. Organizations must establish clear policies for secure device management and workplace security measures that can evolve alongside changing HIPAA guidelines.
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.
To build a robust SaaS backup strategy, start by giving IT teams full visibility into the apps being used, so they can proactively secure, manage, and back up critical data. By centralizing both SaaS and network management, IT teams will expand their data visibility and safeguard this often overlooked but critical data.”
Cybersecurity is a critical need not only for the DoD but for all federal and state agencies, and ensuring compliance among all contractors and subcontractors helps secure supply chains and data against threats and exploitable vulnerabilities. Annual affirmation of compliance is required for all three levels, verified by third-party audits.
This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works. Trend Alert: The Automation of Third Party Risk Management. There’s never been a better time to be a vendor manager. Keep reading to find out.
Ransomware attacks are running rampant, and hackers are using the vulnerability of HIPAA-protected information to advance their coercion. Managers completed thousands of reviews at a time, one by one, and relied strictly on memory for completing them on time. Related Post: The Colonial Pipeline Hack: A Failure in Risk Management.
Threat modeling is the process of identifying potential threats and vulnerabilities in a system and determining the likelihood and impact of each threat. Assets that are vulnerable to spoofing include usernames, passwords, and digital certificates. This can be a serious threat to audit trails and other compliance controls.
Key GDPR Compliance Challenges for Organizations Meeting GDPR requirements presents significant challenges that can strain resources and create compliance gaps when managed through manual processes. Data breaches frequently involve third-party access, making this a critical vulnerability.
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.
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