Pure Storage

NOVEMBER 17, 2021

For businesses evaluating vendors, supply chain integrity is listed as non-negotiable.¹ How can organizations mitigate these risks and get the supply chain resiliency they need? Supply chain stability is quickly becoming a major priority for a range of businesses, as disruptions show us just how fragile these processes can be.

Retail 119

Retail Insurance Insurance Internet 119

Reciprocity

APRIL 4, 2022

A risk assessment evaluates all the potential risks to your organization’s ability to do business. A risk analysis is conducted for each identified risk, and security controls are pinpointed to mitigate or avoid these threats. Implement controls and risk response plans to prevent and mitigate risk.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Security Industry Association

APRIL 7, 2022

Around the same time, insurance companies began offering premium discounts to alarm subscribers, which drove popular demand. A solution that can mitigate false alarms will not only save first responders time and security system users money, it will also redirect resources to the alarm events that actually require attention.

Retail 87

Retail Communications Technology Evaluation 87

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

MHA Consulting

MAY 11, 2023

Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The Importance of Testing and Exercises In case you missed it, MHA CEO Michael Herrera wrote an excellent blog last week called, “The Top 8 Risk Mitigation Controls, in Order.” Unfortunately, it’s a tool that most companies neglect.

Disaster Recovery 98

Disaster Recovery Business Continuity Consulting BCM 98

MHA Consulting

MAY 11, 2023

Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The Importance of Testing and Exercises In case you missed it, MHA CEO Michael Herrera wrote an excellent blog last week called, “The Top 8 Risk Mitigation Controls, in Order.” Unfortunately, it’s a tool that most companies neglect.

Disaster Recovery 96

Disaster Recovery Business Continuity Consulting BCM 96

Reciprocity

MARCH 28, 2022

The fundamental components of ERM are evaluating significant risks and applying adequate responses. Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by the Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size. Step 2: Assess the Risks.

Risk Management 52

Risk Management Management Mitigation All-Hazards 52

Reciprocity

AUGUST 18, 2022

The two fundamental components of ERM are (1) the evaluation of significant risks, followed by (2) application of adequate responses. Passing or sharing the risk via insurance, joint venture, or another arrangement. Mitigating or reducing the risk by internal controls or other risk-prevention measures. Step 2: Assess the Risks.

Risk Management 52

Risk Management Management Mitigation Strategic 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. Users can also connect their risks to mitigating controls to show how their organization treats its threats.

Risk Management 98

Risk Management Management Audit Hospitality 98

Fusion Risk Management

SEPTEMBER 12, 2022

Many of our own customers have said that having a “tone at the top” from leadership is critical to get their business team’s buy-in, as no one really wants to take a time out to work on their continuity plans or risk mitigation strategy. Ability to Procure Cyber Insurance.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss? What Is a Risk Maturity Model?

Resilience 52

Resilience Risk Management Mitigation BCM 52

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss? What Is a Risk Maturity Model?

Resilience 52

Resilience Risk Management Mitigation BCM 52

LogisManager

OCTOBER 12, 2021

Once you have assessed these risks you will want to create a plan for risk mitigation and risk monitoring so that you are in control of potential threats. In fact, organizations that have a formalized risk management program tend to have higher evaluations. Risk Management Definition. Wimbledon: Good Risk Management.

Risk Management 52

Risk Management Management Insurance Insurance 52

National Fire Protection Association

NOVEMBER 2, 2022

NFPA has been committed to addressing potential fire hazards posed by EVs for some time, offering in-person and online trainings that teach first responders how to safely and effectively mitigate EV incidents. All these stakeholder groups must be fully engaged in doing their part to truly help minimize associated safety risks.

All-Hazards 52

All-Hazards Hazard Education Transportation 52

LogisManager

MAY 20, 2021

For example, a forensic finding made during an evaluation of Colonial Pipeline noted numerous known and preventable vulnerabilities, such as unpatched and outdated systems, that likely led to the security breach. The less prepared you are when responding to an incident, the more likely you’ll be forced into paying ransom. Data Governance.

Risk Management 64

Risk Management Management Authentication Hospitality 64

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. By taking a risk-based approach, they have been able to mitigate potential financial risks associated with third-party vendors.

Banking 98

Banking Risk Management Management Corporate Governance 98

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 Insurance Insurance 52

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

Reciprocity

OCTOBER 7, 2024

Risk assessments provide a basis for risk management and mitigation. It’s essential to perform these assessments regularly to assure that the proper controls are in place to mitigate and manage existing and evolving risks. Monitoring All internal controls must be monitored regularly to evaluate their performance and efficacy over time.

Audit 52

Audit Corporate Governance Evaluation Activation 52

Reciprocity

OCTOBER 7, 2024

Risk assessments provide a basis for risk management and mitigation. It’s essential to perform these assessments regularly to assure that the proper controls are in place to mitigate and manage existing and evolving risks. Monitoring All internal controls must be monitored regularly to evaluate their performance and efficacy over time.

Audit 52

Audit Corporate Governance Evaluation Activation 52

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

Reciprocity

OCTOBER 7, 2024

In addition, it helps the firm understand its potential for responsibility and risk before entering into a formal agreement and provides details on what mitigation measures need to be implemented. For example, your human resource department possibly links to healthcare insurance providers using a web-based application.

Cybersecurity 52

Cybersecurity Audit All-Hazards Risk Management 52

Reciprocity

OCTOBER 8, 2024

Automated risk management uses automation technology, such as software systems and algorithms, to get real-time visibility into your business processes and to gain valuable insights into potential or new risks — and eventually to mitigate those risks to avoid undesirable outcomes. Workflow automation. Integration with other systems.

Risk Management 52

Risk Management Cybersecurity Management Alert 52

Reciprocity

OCTOBER 8, 2024

Automated risk management uses automation technology, such as software systems and algorithms, to get real-time visibility into your business processes and to gain valuable insights into potential or new risks — and eventually to mitigate those risks to avoid undesirable outcomes. Workflow automation. Integration with other systems.

Risk Management 52

Risk Management Cybersecurity Management Alert 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

AUGUST 17, 2022

Understanding these risks can improve business practices and decision-making, and allow risk managers to implement wise risk mitigation and management controls. As a result, organizations leveraging ERM are better prepared for risk control and know which risks can be mitigated or accepted. Risk measurement and mitigation.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Reciprocity

OCTOBER 8, 2024

Passing a SOC 2 audit assures improved security posture for your systems and networks. Regulatory compliance.

Audit 52

Audit B2B Capacity Cybersecurity 52

Reciprocity

OCTOBER 8, 2024

Passing a SOC 2 audit assures improved security posture for your systems and networks. Regulatory compliance.

Audit 52

Audit B2B Capacity Cybersecurity 52

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. Periodically request and evaluate vendors’ SOC reports, business continuity and disaster recovery plans, and security documentation.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Reciprocity

NOVEMBER 5, 2021

You must find ways to manage, mitigate, accept, or transfer these risks. This systematic, step-by-step, process involves risk identification , evaluation, and prioritization. It’s also crucial to document the steps to risk mitigation (the actions that will be taken to manage each risk.). Risk Assessment. Risk Response.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. The board sets the business objectives for your organization to manage and mitigate risks. It typically covers everything, from evaluation and prevention to cooperation and enforcement. Risk Evaluation. FDIC), a primary U.S. ” CFPB. Compliance Program.

Management 52

Management Audit Banking Media 52

Security Industry Association

JANUARY 3, 2023

So, what is needed and what can be done to help the private sector plan appropriately, mitigate risk, and provide a semblance of safety and security for its patrons? Form a task force “no notice” certification/inspection capability that can evaluate implementation while providing quality control during execution.

Security 52

Security Authorization Entertainment Marketing 52

Solutions Review

MARCH 31, 2023

In light of this, World Backup Day provides a welcome reminder for organizations to re-evaluate their security approach, and invest in the right mix of reliable technologies and effective processes to safeguard valuable application data in a constantly changing threat environment. Second, test your recovery scenarios.

Backup 119

Backup Disaster Recovery Application Outage 119

Reciprocity

MARCH 24, 2022

So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? Internal auditors can also search for fraud and mitigate potential damages. Leverage ZenRisk to Mitigate Fraud Risk in Your Organization. Strong internal controls. These auditors must know how to assess fraud risk.

Audit 52

Audit Banking Activation Authorization 52

Solutions Review

JANUARY 25, 2023

Supply chain mapping will grow in importance in 2023 as it also helps in identifying concentration risk or compliance risk, allowing businesses to see the early warning signals, predict potential disruptions, identify supply chain bottlenecks and take proactive measures to mitigate risks, and maintain competitiveness.

Backup 116

Backup Government Application Security 116

Pure Storage

JANUARY 29, 2025

Many sectors of the financial services industry beyond traditional banks and credit institutions now fall under DORA regulations, including payment providers, investment firms, trading venues, insurance providers, and third-party information and communication technology (ICT) service providers. Are You Cyber Ready?

Financial Services 59

Financial Services Resilience Cyber Resilience Malware 59

Stratogrid Advisory

JUNE 3, 2020

An added benefit to a more resilient organization will be lower insurance rates These are just a few examples. Insurance companies assess risks to determine the insurance premiums they will charge. An organization should evaluate BCM Program requirements and select an appropriate approach.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52