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?

Risk Management 52

Risk Management Management Insurance Insurance 52

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. Risks for all business scandals, like the one at Colonial Pipeline, are always known months in advance, making the consequences preventable. With strong Enterprise Risk Management (ERM), nearly 100% of all liabilities can be avoided.

Risk Management 64

Risk Management Management Authentication Hospitality 64

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. Additional important ERM components are risk philosophy or strategy, risk culture, and risk appetite. Two ERM Must-Haves.

Risk Management 52

Risk Management Management Mitigation All-Hazards 52

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.

Risk Management 52

Risk Management Management Mitigation Strategic 52

everbridge

MARCH 6, 2025

Operational resilience has become a defining priority for organizations in sectors like finance and insurance, especially in the UK and Europe. Assess risks and threat scenarios Evaluate the risks that pose the greatest threat to your critical services, such as cyberattacks, power outages, or pandemic-related disruptions.

Resilience 52

Resilience Financial Services Banking Manufacturing 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. 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

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.

Risk Management 52

Risk Management Cybersecurity Management Alert 52

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.

Risk Management 52

Risk Management Cybersecurity Management Alert 52

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.

Risk Management 52

Risk Management Management Audit Strategic 52

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

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

Risk Management Monitor

MARCH 4, 2022

Concerns about escalating cyber activity around the crisis are a vivid reminder of the importance of knowing your threat model and adjusting your risk management priorities accordingly. Evaluate and if possible, test your business continuity plans. and “How can we still work without any technology support?”.

Management 56

Management Malware Cybersecurity Insurance 56

Reciprocity

MARCH 3, 2025

Schedule a demo to see how ZenGRC can strengthen your healthcare vendor risk management program. When third-party vendors gain access to PHI, that trust extends to them as well, making robust vendor risk management not just a regulatory requirement, but an ethical imperative.

Healthcare 52

Healthcare Management Risk Management Audit 52

Solutions Review

DECEMBER 12, 2024

This heightened accountability is set to redefine service contracts and risk management strategies. Cyber Liability insurance will increasingly require a privacy audit. As the number of privacy breaches and privacy violations continues to rise, cyber insurers will demand more thorough privacy programs at underwriting.

Vulnerability 52

Vulnerability Cybersecurity Malware Audit 52

Reciprocity

APRIL 4, 2022

Although people often use the words “assess” and “analyze” interchangeably, the terms are not synonymous in risk management. A risk assessment forms the backbone of your overall risk management plan. What Is a Risk Assessment? ” What is the Risk Analysis Process?

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

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

BMC

DECEMBER 5, 2024

These frameworks offer philosophies and tangible paths forward to improve cost and resource management, measure risk, speed up customer service, and innovate analysis through predictive methods. ISACA focuses on IT governance, risk management, cybersecurity, and auditing support with standards, guidelines, and best practices.

Audit 52

Audit Government Technology Security 52

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

Reciprocity

AUGUST 24, 2022

The various niches of risk management have become a veritable alphabet soup of acronyms. As a result, we now have: Enterprise risk management (ERM). Governance, risk management, and compliance (GRC). Integrated risk management (IRM). The advent of the digital age is partly to blame.

Risk Management 52

Risk Management Audit Insurance Insurance 52

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

Reciprocity

SEPTEMBER 30, 2022

Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management? Notes on Vendor Access et. Access to PII.

Healthcare 52

Healthcare Management Vulnerability Risk Management 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. 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. What Is a Risk Maturity Model?

Resilience 52

Resilience Risk Management Mitigation BCM 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

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 52

Cybersecurity Evaluation Vulnerability Risk Management 52

Reciprocity

AUGUST 17, 2022

New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or financial position – and above all, leave the organization unable to achieve its business objectives. Enterprise Risk Management (ERM).

Strategic 52

Strategic Risk Management Mitigation Evaluation 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. ” CFPB.

Management 52

Management Audit Banking Media 52

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

Reciprocity

OCTOBER 7, 2024

As part of this analysis, organizations must consider the likely impact and probability of each risk to minimize any possible impact or damage. Risk assessments provide a basis for risk management and mitigation. Without effective internal controls, the company is more susceptible to risk and fraud.

Audit 52

Audit Corporate Governance Evaluation Activation 52

Reciprocity

OCTOBER 7, 2024

As part of this analysis, organizations must consider the likely impact and probability of each risk to minimize any possible impact or damage. Risk assessments provide a basis for risk management and mitigation. Without effective internal controls, the company is more susceptible to risk and fraud.

Audit 52

Audit Corporate Governance Evaluation Activation 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

Reciprocity

AUGUST 24, 2022

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? What Are the Most Common Vendor Risks? Cybersecurity.

Management 52

Management Risk Management Cybersecurity Strategic 52

BMC

DECEMBER 23, 2024

In GRC, governance is necessary for setting direction (through strategy and policy), monitoring performance and controls, and evaluating outcomes. Risk A possible event that could cause harm or loss or make it more difficult to achieve objectives. Drivers for GRC Without a doubt, the biggest driver for GRC is regulation.

Government 52

Government Audit Technology Outsourcing 52

Reciprocity

OCTOBER 1, 2022

As organizations and businesses around the world and across industries migrate their IT to the cloud, C-suites are faced with a new dilemma for governance, risk management and compliance (GRC) solutions: cloud versus on-premise software. That’s time and money that might be better spent elsewhere.

Government 52

Government Internet Risk Management Audit 52

Reciprocity

SEPTEMBER 5, 2024

Healthcare organizations must comply with the Health Insurance Portability and Accountability Act (HIPAA) regulations that provide data privacy and security provisions for protecting patients’ protected health information. This will depend on whether the IT audit will be conducted by an outside firm or your own internal auditors.

Audit 52

Audit Backup Healthcare Asset Management 52

Castellan

DECEMBER 1, 2021

Many of these protections are focused on isolated risks; for example, if a company has a critical product that has to be shipped no matter what – they may choose to store that product in two locations, thereby protecting it. This frequently resides under the CFO with a Director, such as Director of Risk Management or Insurance.

Business Continuity 40

Business Continuity Management Activation Risk Management 40

Reciprocity

OCTOBER 8, 2024

ZenGRC assists in removing the “risk” from risk management and compliance. Passing a SOC 2 audit assures improved security posture for your systems and networks. Regulatory compliance. ZenGRC also preserves and organizes all related papers, making them easy to locate when the time comes for your audit.

Audit 52

Audit B2B Capacity Cybersecurity 52