NexusTek

JUNE 6, 2023

A popular alternative is a virtual CIO (vCIO), an outsourced resource of expertise, strategic planning, and leadership who works on a part-time or as-needed basis. A vCIO can provide smaller businesses with the expertise needed to evaluate their cloud readiness and then plan an organized migration to the cloud.

Strategic 98

Strategic Cybersecurity Benchmark Outsourcing 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

Fusion Risk Management

SEPTEMBER 12, 2022

Your customer may be subject to third-party outsourcing requirements by their own regulators , like the European Banking Authority’s Outsourcing Requirements , and they may ask to sign an addendum . Ability to Procure Cyber Insurance.

Resilience 52

Resilience Insurance Insurance Outsourcing 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. ” You can outsource the activity to the vendor but not the risk. Imagine the contagion there.

Banking 98

Banking Risk Management Management Corporate Governance 98

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

For instance, if a company wants to outsource work or hire a new supplier or vendor, it will do third-party due diligence to determine any risks or possible issues with this new partnership. 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