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. About the Author: Steven Minksy. Colonial Pipeline, a major U.S.

Risk Management 64

Risk Management Management Authentication Hospitality 64

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

NexusTek

OCTOBER 25, 2023

Managed detection & response (MDR): MDR services allow a business to delegate management of specific security practices to a qualified provider. Penetration testing: This is an authorized, simulated attack on a company’s IT systems, which helps it to identify existing vulnerabilities.

Cybersecurity 105

Cybersecurity Evaluation Vulnerability Risk Management 105

Risk Management Monitor

NOVEMBER 11, 2021

In one of the afternoon’s sessions, “Identify and Solve Any Organizational DEI Issue In One Hour,” presenter Layne Kertamus, professional in residence of risk management and insurance at Utah Valley University, explored “new ways to talk about what needs to be said, and what needs to be listened to.”.

Risk Management 75

Risk Management Authentication Insurance Insurance 75

Solutions Review

SEPTEMBER 27, 2021

Solutions Review’s listing of the best governance, risk, and compliance software is an annual mashup of products that best represent current market conditions, according to the crowd. Enablon also allows users to establish, manage, and track Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) to better meet objectives.

Government 92

Government Audit Risk Management Hospitality 92

Fusion Risk Management

SEPTEMBER 12, 2022

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Ability to Procure Cyber Insurance.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

everbridge

OCTOBER 7, 2024

Here are the key takeaways: The Tiers Of Resilience Starting Out The most basic level of planning is risk management, which refers to activities that organizations undertake to prevent, anticipate, and avoid a disruption. Businesses have been conducting risk management, at various levels of sophistication, for decades.

Resilience 52

Resilience Risk Management Authorization Continuity Planning 52

Fusion Risk Management

AUGUST 12, 2024

The Third-Party Threat There seems to have been a lot of confusion around how to classify this incident; some see it as a digital or cyber issue, attempting to claim on their cyber insurance. 13 It speaks to the fact that third parties and Operations, Security, and IT teams are now all intrinsically linked. 3 billion 12.

Outage 52

Outage Airlines Outsourcing Insurance 52

Advancing Analytics

AUGUST 26, 2021

Besides that, the financial industry is a vast sector that includes banks, building societies, e-money institutions, mortgage companies, investment banking, credit unions, insurance and pension companies. Interestingly, the insurance sector has 100% live machine learning applications in use. Risk Management.

Financial Services 52

Financial Services Banking Insurance Insurance 52

Plan B Consulting

APRIL 2, 2024

This is a classic business continuity and emergency response incident, and I thought I would examine it through the lens of a couple of risk management concepts: black swan events and Reason’s Swiss cheese theory. Black swan events, popularised by Nassim Nicholas Taleb, are rare events that have a major impact when they occur.

Banking 52

Banking Insurance Insurance Mitigation 52

Reciprocity

SEPTEMBER 9, 2024

Risk is inherent to all businesses, regardless of your industry. To prevent those risks from causing harm, you must first know what threats you are facing. So the foundation of any successful risk management program is a thorough risk assessment – which can take many forms depending on what methodology best suits your needs.

All-Hazards 52

All-Hazards Hazard Risk Management Evaluation 52

Security Industry Association

SEPTEMBER 20, 2022

Last week the Department of Homeland Security (DHS) announced a joint effort between the Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Emergency Management Agency (FEMA) to provide new cybersecurity grants authorized and funded under the Bipartisan Infrastructure Law.

Cybersecurity 52

Cybersecurity Telecommunications Authentication Government 52

FS-ISAC

MAY 25, 2021

At Banco de Credito de Peru, the largest bank in the country, we consider all non-financial risks together, as they are interrelated and require the same governance processes. Several of the key “motors” of our transformation are drivers that impact non-financial risk: organization, data analytics, and digital channels.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

NexusTek

OCTOBER 25, 2023

Managed detection & response (MDR): MDR services allow a business to delegate management of specific security practices to a qualified provider. Penetration testing: This is an authorized, simulated attack on a companys IT systems, which helps it to identify existing vulnerabilities.

Cybersecurity 52

Cybersecurity Evaluation Vulnerability Risk Management 52

Reciprocity

OCTOBER 7, 2024

It incorporates multiple elements, such as: Management philosophy Technical competence of employees Behavioral and ethical values Assignment of authority and responsibility How people are organized, managed, and developed The control environment also sets the “tone from the top” that guides the rest of the enterprise.

Audit 52

Audit Corporate Governance Evaluation Activation 52

Reciprocity

OCTOBER 7, 2024

It incorporates multiple elements, such as: Management philosophy Technical competence of employees Behavioral and ethical values Assignment of authority and responsibility How people are organized, managed, and developed The control environment also sets the “tone from the top” that guides the rest of the enterprise.

Audit 52

Audit Corporate Governance Evaluation Activation 52

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. The OCC also cautioned against interest rate risks, operational risks (again, heightened because of COVID-19), increased cybersecurity risks, compliance risks related to the Bank Secrecy Act (BSA), consumer compliance issues, and fair lending as areas of concern.

Management 52

Management Audit Banking Media 52

MHA Consulting

MARCH 21, 2024

A company called Change Healthcare, which is the largest electronic clearinghouse for medical insurance payments in the country, was struck by hackers who stole patient data and encrypted company files, demanding payment to unlock them. Data breaches generally do not affect day-to-day operations.

Healthcare 52

Healthcare Hospitality Resilience BCM 52

Reciprocity

DECEMBER 19, 2022

Although corporate compliance can feel overwhelming at first, corporate compliance programs offer a sound foundation for business strategy and risk management. The larger your organization grows, the more regulations and compliance burdens you encounter. What Is the Purpose of a Corporate Compliance Program?

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Erwood Group

JULY 7, 2022

One client recently obtained a $500 Million dollar increase in insurance coverage with zero increase in premium costs. This was done based on the Business Continuity Plans and Program developed after meeting with the insurance providers and providing details of the program and progress made.

Business Continuity 52

Business Continuity Impact Analysis Continuity Planning Communications 52

Erwood Group

JULY 12, 2022

Insurance Contact Information. Risk Assessment Key Findings. Crisis Management Levels. Some managers have authority and experience as to when to invoke all or parts of a business continuity plan. You’ll certainly want to include contact information for the following: Facility Management Provider/Building Owner.

Continuity Planning 114

Continuity Planning Business Continuity BCP Disaster Recovery 114

Risk Management Monitor

MARCH 3, 2022

In a briefing yesterday, global risk consultancy Control Risks discussed some of the risk management considerations and steps companies need to take as the sanctions landscape continues to evolve. Be sure to engage with regulators, enforcement agencies, banks and insurers for guidance.

Banking 58

Banking Management Insurance Insurance 58

Reciprocity

MARCH 24, 2022

For example, all activities related to financial record-keeping, authorization, reconciliations, and reviews should be divided among different employees. This will allow authorized personnel to perform bank reconciliations and verify that the receipts were deposited into the bank, which reduces asset misappropriation or other types of fraud.

Audit 52

Audit Banking Activation Authorization 52

everbridge

DECEMBER 19, 2023

Insurance Industry Evolution: The insurance sector adapted to the changing landscape by developing innovative policies that considered climate change risks, ensuring better coverage for property and businesses in high-risk areas.

Management 59

Management Travel Vulnerability Cybersecurity 59

Fusion Risk Management

AUGUST 18, 2022

As such , there is an increased focus on financial institutions protecting their critical business services against disruption, so it is a logical next step for the supervisory authorities to place the burden on operational resilience on key third parties that support the financial system. . Defining a Critical ICT. Enforcement of the DORA.

Resilience 52

Resilience Authorization Gap Analysis Risk Management 52

Solutions Review

FEBRUARY 24, 2022

The strategies of data protection keep evolving with data availability and management. Data availability refers to the availability of data to authorized users whenever they require it. Data management involves data lifecycle management and information lifecycle management. Data Risk Management.

Disaster Recovery 40

Disaster Recovery Backup Technology Malware 40

Pure Storage

MARCH 25, 2024

FFIEC is an interagency body composed of the heads of the five federal banking agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau. link] ²“ U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

Pure Storage

JANUARY 11, 2024

The action came after the Financial Conduct Authority (FCA) along with the Bank of England (BoE) and the Prudential Regulation Authority (PRA) issued their operational resilience policy in March 2021. The act applies to banks, insurance companies, investment firms, and the like, but it also includes critical third parties.

Resilience 117

Resilience Financial Services Banking Cybersecurity 117

Reciprocity

OCTOBER 7, 2024

Common Third-Party Security Risks and Challenges The top five obstacles companies experience during the Third Party Risk Management (TPRM) process are listed below. The number and complexity of third-party collaborations for modern enterprises is a critical problem in controlling third-party risk.

Cybersecurity 52

Cybersecurity Audit All-Hazards Risk Management 52

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Upholding good cyber hygiene.

Authentication 142

Authentication Cybersecurity Security Government 142

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Upholding good cyber hygiene.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Upholding good cyber hygiene.

Healthcare 52

Healthcare Security Cybersecurity Government 52