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. What Are Internal Audits?

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LogisManager

OCTOBER 17, 2024

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.

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Reciprocity

SEPTEMBER 5, 2024

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.

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LogisManager

OCTOBER 16, 2023

Customer Value Story: Streamlining Audit Management Last Updated: October 16, 2023 A LogicManager customer in the banking industry, despite a small auditing team, faced challenges managing audit tasks efficiently using spreadsheets.

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Reciprocity

DECEMBER 20, 2022

Learn the best way to complete an internal audit for your compliance management program. The Basics of Internal Audits. Internal audits assess a company’s internal controls, including its governance, compliance, security, and accounting processes. What Is the Purpose of an Internal Audit?

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LogisManager

OCTOBER 16, 2023

Customer Value Story: Streamlining Audit Management Last Updated: October 16, 2023 A LogicManager customer in the banking industry, despite a small auditing team, faced challenges managing audit tasks efficiently using spreadsheets.

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LogisManager

OCTOBER 31, 2023

What is the Three Lines of Defense Approach to Risk Management? While this news is relevant to banks, any organization that values proactive risk identification, effective risk management, and regulatory compliance would benefit from implementing the Three Lines Model to safeguard their operations and reputation.

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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.

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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.

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Risk Management Cybersecurity Management Alert 52

Solutions Review

SEPTEMBER 9, 2021

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. To make your search a little easier, we’ve profiled the best risk management software providers all in one place. The Best Risk Management Software.

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Reciprocity

DECEMBER 21, 2022

If your company is a service organization and your customers trust you with their data, you may need to pass a SOC 2 (System and Organization Controls 2) audit. Compliance and certification are the goals of a SOC 2 audit. The SOC 2 compliance audit gives them that assurance. Develop a SOC 2 Audit Framework. What is SOC 2?

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LogisManager

JUNE 1, 2024

The Role Corporate Governance Plays in Risk Management Last Updated: June 4, 2024 As an auditor, compliance officer or risk manager, you’re used to balancing the delicate processes that impact your company’s performance.

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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.

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LogisManager

MARCH 14, 2024

Boeing Airlines finds itself amidst a storm of legal challenges, grappling with a series of incidents highlighting systemic issues in its risk management practices. Why is the glaring lack of records a risk management problem for Boeing? What are the consequences of Boeing’s failure in risk management?

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Airlines Risk Management Management Transportation 59

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. However, the evidence was inconclusive so their strategy continued unchanged.

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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.

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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.

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LogisManager

OCTOBER 12, 2021

What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. 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?”. What Is Risk Management?

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Fusion Risk Management

SEPTEMBER 1, 2021

In today’s world, where we have seen massive supply chain disruptions, data breaches, enforcement actions, and a stunning series of customer failures, the world of third-party risk management (TPRM) has never been under more scrutiny. Let’s examine what third-party risk management means. Risk Assessment.

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Castellan

AUGUST 24, 2022

While attacks like SolarWinds help bring awareness to security risks associated with supply chains, most organizations still have a lot of ground to make up for supply chain risk assessments and risk management. It’s a challenge further heightened by a constantly evolving and expanding risk landscape as well.

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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.

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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.

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LogisManager

JANUARY 4, 2022

Risk Management Approach for an Organization? There are many different terms for integrated risk management (IRM); GRC (governance, risk and compliance), as well as ERM (enterprise risk management) are two acronyms commonly used interchangeably with IRM. What is Integrated Risk Management?

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LogisManager

NOVEMBER 12, 2024

Ask yourself: Do all teams understand and align with your risk management policies? Is there a unified approach to communicating compliance and risk strategies? Reflect on: Can each team articulate your risk management process consistently? Are managers confident when discussing compliance measures?

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Solutions Review

SEPTEMBER 15, 2023

For many, the traditional methods of audits and assessments take shape as a reactive 11 th -hour hustle, one that tends to be expensive while only providing a point-in-time report with limited value. Organizations who are tired of this approach would do well to consider GRC as a Service (GRCaaS).

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Reciprocity

OCTOBER 9, 2024

Usage Grows to Address IT Risk and Audits Business challenge: Manual processes were hindering visibility and efficiency around SOC and SOX compliance, with the CIO and Chief Accounting Officer pushing for improved insight. For example, the company’s SOX audit is run in multiple phases, each having upwards of 250 requests.

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Reciprocity

OCTOBER 9, 2024

Usage Grows to Address IT Risk and Audits Business challenge: Manual processes were hindering visibility and efficiency around SOC and SOX compliance, with the CIO and Chief Accounting Officer pushing for improved insight. For example, the company’s SOX audit is run in multiple phases, each having upwards of 250 requests.

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Audit Risk Management Application Vulnerability 52

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.

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LogisManager

AUGUST 28, 2024

Twelve redesigned reports specifically tailored for Enterprise Risk Management, Third Party Risk Management, and Internal Audit. These reports seamlessly integrate with our Solution Packages, ensuring a cohesive experience across all your risk management activities. The result?

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Reciprocity

OCTOBER 1, 2022

Protecting your corporate website as an enterprise risk management strategy can keep your data, customers, sensitive information, and reputation safe. Engage security experts with the know how to perform security audits after you believe your website is secure. Tighten Network Security.

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LogisManager

OCTOBER 19, 2023

Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy. What Changes Can Banks Expect When delving into some of the specific changes banks can expect to see, the frequency of risk appetite statements will come into focus.

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LogisManager

DECEMBER 5, 2023

Risk assessment involves identifying, evaluating, and prioritizing potential risks, while management is the proactive handling of these risks. Companies that prioritize risk management experience successful project completion and heightened productivity.

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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?

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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?

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Audit B2B Cybersecurity Capacity 52

Reciprocity

OCTOBER 8, 2024

Internal controls assure the audit committee, board of directors, and senior management that the company’s financial reporting is reliable and compliant with applicable laws and regulations. Risk assessment to evaluate risks associated with the various procedures and data sources used to produce the company’s financial reporting.

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Reciprocity

OCTOBER 8, 2024

Internal controls assure the audit committee, board of directors, and senior management that the company’s financial reporting is reliable and compliant with applicable laws and regulations. Risk assessment to evaluate risks associated with the various procedures and data sources used to produce the company’s financial reporting.

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Reciprocity

OCTOBER 7, 2024

This article explores how an ISMS supports risk management, its key elements, the main security objectives, and how to define and make your organization’s information security objectives both measurable and actionable. Lastly, we introduce ZenGRC as your comprehensive software solution for risk management and information security.

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