LogisManager

OCTOBER 17, 2024

Change Healthcare’s 2024 Data Breach: Key Risk Management Lessons Last Updated: October 17, 2024 In 2024, Change Healthcare faced a significant data breach that rippled across the healthcare industry, highlighting how risks are interconnected and can spread beyond their point of origin. What Went Wrong?

Risk Management 52

Risk Management Healthcare Management Audit 52

Reciprocity

SEPTEMBER 30, 2022

Data breaches against healthcare organizations affected more than 1 million people in 2020. The average total data breach cost in the same year was far higher in the healthcare industry ( $7.13 As one can see, the healthcare industry is one of the most attractive targets for cyber attackers and data thieves.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

Pure Storage

DECEMBER 17, 2024

Data breaches wreaked havoc on businesses from data management to healthcare in 2024. Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. Execute predefined steps to handle the breach, communicate with stakeholders, and mitigate damage.

Security 52

Security Vulnerability Cybersecurity Cyber Resilience 52

Reciprocity

APRIL 4, 2022

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. You can use mitigations or controls to reduce a risk’s potential impact, velocity, and severity scores. Low Priority.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Pure Storage

JUNE 14, 2023

Pure’s Evergreen//One offers true Storage as-a-Service that scales alongside us to meet the demands of modern, data-driven healthcare systems. That means that any affected array flagged for forensic investigation by insurance or law enforcement cannot be used and needs to be left alone.

Authorization 97

Authorization Backup Resilience Healthcare 97

Reciprocity

MARCH 28, 2022

The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures. How Automation Benefits Risk Mitigation.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Solutions Review

SEPTEMBER 27, 2021

Additionally, users can integrate their risk management programs, including the identification, assessment, response, mitigation, and monitoring in a highly visual and intuitive way. Users can also connect their risks to mitigating controls to show how their organization treats its threats. Platform: Enablon. Platform: Enablon.

Government 92

Government Audit Risk Management Hospitality 92

Reciprocity

AUGUST 18, 2022

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. Factor Analysis of Information Risk (FAIR) provides a common risk mitigation vocabulary to help you to address security practice weaknesses.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Solutions Review

SEPTEMBER 9, 2021

The industries Resolver serves include banking and financial services, healthcare and hospitals, insurance, academic institutions, critical infrastructure organizations, airports, utilities, hospitality, government, and more. 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

Online Computers

DECEMBER 21, 2023

In 2013, thieves stole two laptops from Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ), the state’s largest healthcare provider. Compliance issues Industries such as healthcare or finance have strict regulations regarding data handling. Addressing these needs and finding safe alternatives can help mitigate the risks.

Healthcare 52

Healthcare Malware Hazard Mitigation 52

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. Digital risk protection is a cyber risk management strategy consisting of two main components: Identifying risks and threats, and then mitigating them. Mitigation. How do you know which mitigation measures to implement? Identification.

Mitigation 52

Mitigation Malware Cybersecurity Media 52

Solutions Review

DECEMBER 12, 2024

From advancements in AI-powered risk mitigation to new paradigms in regulatory compliance, these predictions provide actionable perspectives to help organizations navigate the complexities of 2025. Healthcare and medical data in particular will remain under strict scrutiny when it comes to consumer privacy online.

Vulnerability 52

Vulnerability Cybersecurity Malware Audit 52

Online Computers

NOVEMBER 28, 2022

If your New Jersey business handles protected health information (PHI), then it should comply with the Health Insurance Portability and Accountability Act of 1996 (HIPAA). As part of HIPAA compliance, covered entities are required to regularly assess their risks and put strategies in place to mitigate them.

Healthcare 52

Healthcare Insurance Insurance Vulnerability 52

Managecast

OCTOBER 11, 2021

Similar to conventional phishing, vishing is typically executed by individuals posing as a legitimate organization — such as a healthcare provider or insurer — and asking for sensitive information. SOURCE: [link].

Cybersecurity 40

Cybersecurity Communications Healthcare Authentication 40

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

AUGUST 24, 2022

Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. You’ll think ahead, anticipating new risks down the road and your organization’s risk response: accept, avoid, transfer, mitigate. Many Needs, One Solution.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Pure Storage

JANUARY 5, 2023

Let’s not forget the healthcare industry which is now generating as much as 30% of the world’s data to advance new discoveries, as well as make treatments more effective and accessible. . Admiral, a UK-based, car insurance provider, is a case in point. Similar percentages can be seen throughout western Europe.

Cloud Computing 52

Cloud Computing Technology Healthcare 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

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. Such risks could affect your business’ cybersecurity, regulatory compliance, business continuity, and organizational reputation.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. The board sets the business objectives for your organization to manage and mitigate risks. Compliance regulations for financial institutions differ from compliance in healthcare , so it’s crucial to understand the applicable laws. FDIC), a primary U.S. Compliance Program.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

DECEMBER 19, 2022

More broadly, a corporate compliance program reinforces a company’s commitment to mitigating fraud and misconduct at a sophisticated level, aligning those efforts with the company’s strategic, operational, and financial goals. Importance of a Corporate Compliance Program.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Solutions Review

MARCH 31, 2023

Data classification is essential to remain compliant as data regulations increase in complexity “Various data categories (PII, healthcare, financial, etc.) With best practices in place, an acceptance that attacks will happen, and daily vigilance, backup s are much more than an insurance policy.

Backup 119

Backup Disaster Recovery Application Security 119

Reciprocity

NOVEMBER 5, 2021

You must find ways to manage, mitigate, accept, or transfer these risks. It’s also crucial to document the steps to risk mitigation (the actions that will be taken to manage each risk.). The modern corporate organization faces a host of risks that can affect operational efficiency and regulatory compliance.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

DECEMBER 27, 2022

A risk management program incorporates processes, tools, procedures, and resources to optimize the risk profile, create a risk-aware culture, and implement the right mitigation strategies to maintain business continuity and competitiveness. Compliance. You also need to look at your future. Create a Strategy. Control Mapping Functionality.

Government 52

Government Audit Risk Management Disaster Recovery 52

Erwood Group

JULY 7, 2022

One client recently obtained a $500 Million dollar increase in insurance coverage with zero increase in premium costs. This was done based on the Business Continuity Plans and Program developed after meeting with the insurance providers and providing details of the program and progress made.

Business Continuity 52

Business Continuity Impact Analysis Continuity Planning Communications 52

Reciprocity

MARCH 24, 2022

So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? To put this into perspective, it represents almost 70 percent of the $7.442 trillion the world spent on annual healthcare costs. Internal auditors can also search for fraud and mitigate potential damages.

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

DECEMBER 2, 2024

Strengthening cybersecurity at every level of an organization is critical to mitigate risk. Healthcare, and health-related information, has been hit particularly hard. This breach placed Synnovis under heavy scrutiny as healthcare providers face increasing pressure to secure patient information amid rising cyber threats.

Cyber Resilience 52

Cyber Resilience Healthcare Cybersecurity Vulnerability 52

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

Authentication 142

Authentication Cybersecurity Security Government 142

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

Healthcare 52

Healthcare Security Cybersecurity Government 52