Risk Management Monitor

FEBRUARY 2, 2023

To that end, the National African American Insurance Association (NAAIA) recently updated its research on its members’ experiences and challenges in the insurance industry, releasing the new study The Next Steps on the Journey: Has Anything Changed?

Insurance 40

Insurance Insurance Activation Evaluation 40

NexusTek

OCTOBER 25, 2023

Managing Cyber Risk in Your Business Ecosystem To effectively manage cyber risk in our digital world, you need to evaluate not only your own cybersecurity posture but third parties’ as well. Unfortunately, 51% of businesses report that they do not evaluate third-party cyber risk 2.

Cybersecurity 105

Cybersecurity Evaluation Vulnerability Risk Management 105

IT Governance BC

NOVEMBER 7, 2018

Disaster recovery is effectively a form of insurance; you are spending money preparing for a scenario that you hope never occurs. You must evaluate and prioritise the effects of each threat on each department. Along with business continuity planning , it’s an essential strategy for managing the ever-increasing risk of disruption.

Disaster Recovery 85

Disaster Recovery Impact Analysis Insurance Insurance 85

Pure Storage

AUGUST 19, 2022

Drones aren’t just for photographers—insights from drone images have helped to identify erosion, evaluate environmental disaster scenarios, and identify potentially dangerous defects on traffic routes and power grids.

Healthcare 19

Healthcare Hospitality Insurance Insurance 19

Pure Storage

MARCH 29, 2024

They will often try to discover cybersecurity insurance limits, critical operations your organization is running, and where and to whom services are provided, all in an effort to understand where an attack can do the worst damage. But the positive impact of data resilience and protection spans much beyond a simple day.

Backup 96

Backup Cybersecurity Architecture Resilience 96

NexusTek

JUNE 6, 2023

A vCIO can provide smaller businesses with the expertise needed to evaluate their cloud readiness and then plan an organized migration to the cloud. You’d like to adopt a cloud-first strategy but lack the expertise. Compared with enterprise-level businesses, SMBs have been slower to adopt a cloud-first strategy.

Strategic 98

Strategic Cybersecurity Benchmark Outsourcing 98

Pure Storage

NOVEMBER 17, 2021

For businesses evaluating vendors, supply chain integrity is listed as non-negotiable.¹ Permanent, on-chain transactions can trigger the creation of a contract, whether it’s payment upon receipt of inventory at a warehouse or automatic insurance payouts for delayed shipments. Automation of agreements and trade contracts.

Retail 119

Retail Insurance Insurance Manufacturing 119

Risk Management Monitor

DECEMBER 20, 2022

In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums. Now, a lesser-known type is occurring with greater frequency: provider fraud.

Insurance 40

Insurance Insurance Evaluation Hospitality 40

Pure Storage

DECEMBER 17, 2024

Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. If using vendors or contractors, evaluate their cybersecurity practices to ensure they dont introduce vulnerabilities. Businesses sometimes spend upwards of $1.4

Security 52

Security Vulnerability Cybersecurity Cyber Resilience 52

Disaster Safety

MARCH 5, 2021

Begin a reserve fund now and make sure you are adequately insured. The app includes several helpful planning tools, such as evaluation checklists to help business users understand their risks, and forms for users to enter and store important contact information for employees, key customers, suppliers and vendors. Know Your Finances.

Continuity Planning 98

Continuity Planning Business Continuity Insurance Insurance 98

BMC

APRIL 4, 2023

Let’s take an example; A European health insurance company with significant investments and a well-defined strategic plan invested in the products of COMPANY X. The European health insurance company experienced several negative outcomes from this arrangement, such as low availability and inefficient system functionality.

Management 52

Management Insurance Insurance Education 52

BMC

APRIL 4, 2023

Let’s take an example; A European health insurance company with significant investments and a well-defined strategic plan invested in the products of COMPANY X. The European health insurance company experienced several negative outcomes from this arrangement, such as low availability and inefficient system functionality.

Management 52

Management Insurance Insurance Education 52

Pure Storage

MARCH 29, 2022

Smart Digital Sales and Holding GmbH (SDSH) leverages unmanned aerial vehicles (UAVs), remote sensing, digitization, big data, analytics, and AI in its drone applications and services, applying insights from its drone imaging to areas including agriculture and forestry, surveying, insurance, public safety, and disaster control—to name a few. .

Application 98

Application Insurance Insurance Evaluation 98

everbridge

MARCH 6, 2023

The current systems and solutions in place for managing climate hazards are often inadequate, and the reliance on traditional insurance has become insufficient. The Insufficiency of Traditional Insurance Organizations often rely on insurance providers to provide protection against the impacts of extreme weather events.

Resilience 52

Resilience All-Hazards Command Center Insurance 52

Security Industry Association

AUGUST 4, 2022

Current design efforts of most buildings go through a CPTED evaluation as part of contemporary architecture design phase driven by caring architects, but CPTED needs updated to consider active shooters, ballistics materials and shooter suppression, to point out a few. Then there are advocacy, outreach, national campaigns, etc.

Activation 98

Activation Security Architecture Mitigation 98

Security Industry Association

APRIL 7, 2022

Around the same time, insurance companies began offering premium discounts to alarm subscribers, which drove popular demand. Select the Right Form Factor and Features – Once an installation location has been selected, evaluate whether a ceiling is standard height or high/vaulted. Then tailor the audio settings within the VMS interface.

Retail 87

Retail Technology Communications Evaluation 87

everbridge

AUGUST 18, 2022

Our Best in Resilience Certification utilizes a proprietary Critical Event Management (CEM) Standards Framework to provide organizations with the industry’s first end-to-end methodology for evaluating and benchmarking resilience. LEARN MORE.

Resilience 69

Resilience Benchmark Healthcare Insurance 69

Risk Management Monitor

MARCH 4, 2022

Evaluate and if possible, test your business continuity plans. Cyber insurance firm Coalition has put together a guide to basic cybersecurity measures to help organizations—policyholders and otherwise—proactively manage cyberrisk and reduce the likelihood of a cybersecurity incident. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

Fusion Risk Management

SEPTEMBER 12, 2022

Ability to Procure Cyber Insurance. According to an article in Insurance Business America , the cyber insurance market started to harden in 2020 after a surge in ransomware events.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

Zerto

APRIL 6, 2023

At the bottom, teams continuously evaluate their operating environment, identify potential new risks, assess them, and potentially bring them upstream to raise awareness and get funding to implement new controls. This is a simplified overview of the risk management process.

Risk Management 93

Risk Management Management Impact Analysis Disaster Recovery 93

Advancing Analytics

JUNE 6, 2022

Evaluate Phase. After a model has survived the ‘Explore Phase’ it needs to be effectively evaluated. One aspect that needs to be evaluated is if the model predictions offer enough business value. So, your model has been thoroughly evaluated and you wish to deploy it for the business or your consumers to use.

Evaluation 52

Evaluation Benchmark Audit Insurance 52

Solutions Review

SEPTEMBER 9, 2021

Users are able to evaluate risk based on a methodology of their choice and understand risk relationships across their business processes, controls, and third-party relationships. Additionally, users can utilize continuous control monitoring and self-assessments to report on their risk posture and activity in near real-time.

Risk Management 98

Risk Management Management Audit Hospitality 98

Solutions Review

OCTOBER 29, 2021

Our Buyer’s Guide for Backup and Disaster Recovery helps you evaluate the best solution for your use case and features profiles of the leading providers, as well as a category overview of the marketplace. Relying on legacy backup as an insurance policy no longer is sufficient.

Disaster Recovery 52

Disaster Recovery Backup Architecture Insurance 52

MHA Consulting

MAY 11, 2023

Organizations should invite third-party experts, such as law enforcement officers, data security consultants, insurers, and public relations professionals to observe and provide feedback during cyber exercises. “Exercise Smarter: Include 3rd Party Experts In Your Cyber Exercises.” 8 Dos and 1 Don’t for Conducting Disaster Recovery Tests.”

Disaster Recovery 98

Disaster Recovery Business Continuity Consulting BCM 98

FS-ISAC

NOVEMBER 8, 2021

Threat Objective taxonomy provides parallel constructs to organize cyber threats, evaluate how motivated adversaries are and, most importantly, identify which of the many controls available are going to provide the maximum return on investment. Resource Hijacking. Data Manipulation.

Risk Management 59

Risk Management Management Audit Asset Management 59

MHA Consulting

MAY 11, 2023

Organizations should invite third-party experts, such as law enforcement officers, data security consultants, insurers, and public relations professionals to observe and provide feedback during cyber exercises. “Exercise Smarter: Include 3rd Party Experts In Your Cyber Exercises.” 8 Dos and 1 Don’t for Conducting Disaster Recovery Tests.”

Disaster Recovery 96

Disaster Recovery Business Continuity Consulting BCM 96

Reciprocity

SEPTEMBER 30, 2022

And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety. Third-party Risk Assessment.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

everbridge

OCTOBER 7, 2024

For instance, part of any plan for continuity is insurance. If a Chinese supplier doesn’t have insurance and is wiped out by a weather disaster such as the flooding in the Henan province in 2021 that killed 302 and cost $16.5 One key item for disaster recovery is insurance that will cover losses due to weather or even downtime.

Insurance 52

Insurance Insurance Resilience Disaster Recovery 52

Solutions Review

MARCH 29, 2024

Veeam solutions also enabled Fort Lauderdale to meet its cybersecurity insurance requirements with encryption and immutability. To help you gain a forward-thinking analysis and remain on-trend through expert advice, best practices, trends and predictions, and vendor-neutral software evaluation tools. Read on for more.

Disaster Recovery 52

Disaster Recovery High Availability Insurance Insurance 52

LogisManager

OCTOBER 12, 2021

In fact, organizations that have a formalized risk management program tend to have higher evaluations. An independent research study, “ The Valuation Implications for Enterprise Risk Management Maturity ,” was published in the prestigious Journal of Risk and Insurance. Wimbledon: Good Risk Management.

Risk Management 52

Risk Management Management Insurance Insurance 52

LogisManager

MAY 9, 2023

They evaluate their vendor and partner communities to identify the third parties they depend on the most and map them to the business risks, controls, and testing that rely on them. Have you evaluated the risk that a venture capital-backed or equity-back vendor can bring to your organization? Imagine the contagion there.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

AUGUST 24, 2022

Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. ” It introduced the term as part of its “ Magic Quadrant ,” evaluating service vendors that provide IRM solutions. Many Needs, One Solution.

Risk Management 52

Risk Management Audit Insurance Insurance 52

National Fire Protection Association

NOVEMBER 2, 2022

Called “NFPA Spurs the Safe Adoption of Electric Vehicles Through Education and Outreach,” the program works to help communities prepare for electrical vehicle growth in the US, assisting cities and towns with an evaluation of their EV infrastructure, training programs, incentives, and code compliance readiness.

All-Hazards 52

All-Hazards Hazard Education Transportation 52

Security Industry Association

SEPTEMBER 20, 2022

CISA has developed goals and objectives for the SLCGP , including assessing and evaluating systems and capabilities and building a cybersecurity workforce. Highlights: DHS is providing $185 million in FY22 for targeted efforts to address cybersecurity risks and threats to information systems owned, or operated on behalf of, SLT governments.

Cybersecurity 52

Cybersecurity Telecommunications Government Authentication 52

Reciprocity

SEPTEMBER 9, 2024

HIPAA Security Risk Assessment A HIPAA security risk assessment evaluates your compliance with the Health Insurance Portability and Accountability Act, which protects personal health information (PHI). Here are some typical examples of more specific risk assessments.

All-Hazards 52

All-Hazards Hazard Risk Management Evaluation 52

Reciprocity

APRIL 4, 2022

A risk assessment evaluates all the potential risks to your organization’s ability to do business. Both are components within the larger whole known as risk management or risk evaluation. What Is a Risk Assessment? These include project risks, enterprise risks, control risks, and inherent risks.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Reciprocity

OCTOBER 7, 2024

Monitoring All internal controls must be monitored regularly to evaluate their performance and efficacy over time. An internal audit is an objective and unbiased evaluation of the organization’s internal controls, accounting processes, and corporate governance systems to measure their effectiveness. What Are Internal Audits?

Audit 52

Audit Corporate Governance Evaluation Activation 52