Zerto

FEBRUARY 22, 2022

With the world becoming increasingly digital, IT departments must manage and mitigate more and more risk using both new technology and improved processes and practices. Cyberattacks designed to steal data may target retailers who store personal customer data including credit card information. Business Impact Analysis.

Impact Analysis 98

Impact Analysis Disaster Recovery Backup Cybersecurity 98

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. Mitigating or reducing the risk by internal controls or other risk-prevention measures. When establishing an ERM program, risk mitigation is a paramount concern. ERM’s Ultimate Objective.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

AUGUST 24, 2022

For example, retail is now “e-tail,” manufacturing plants are increasingly automated, and nearly every step of the hiring and contracting process happens online, from application to background checks to payroll. The advent of the digital age is partly to blame. Previously, Gartner had focused on GRC vendors.

Risk Management 52

Risk Management Audit Insurance Insurance 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

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

SEPTEMBER 30, 2022

Adopting a zero-trust approach to network and data access by third parties is the best way to mitigate such risks. Access Assessment evaluates who has access to which data, how they got access, what they’re doing with it, and if they should still have access. Medical devices Running Legacy Operating Systems and Outdated codes.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

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

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

AUGUST 15, 2022

Even institutions that don’t use social media should, “following a risk assessment … still consider the potential for negative comments or complaints that may arise within the many social media platforms described above, and, when appropriate, evaluate what, if any, action it will take to monitor for such comments and respond to them.”

Management 52

Management Audit Banking Media 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

everbridge

MARCH 6, 2025

For instance, how would a prolonged drought affect supply chains, and what measures can mitigate those impacts? By considering different climate scenarios, businesses can evaluate how rising temperatures, sea-level rise, or shifting weather patterns might impact operations.

Resilience 52

Resilience Retail Logistics Scenario Planning 52