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. But with annual salaries averaging over $300,000 1 , a full-time CIO is impractical for most small to medium-sized businesses (SMBs). Not sure if a vCIO is right for your business?

Strategic 98

Strategic Cybersecurity Outsourcing Benchmark 98

MHA Consulting

AUGUST 24, 2023

They include process and procedural robustness and integrity; people, skills, and training; insurance and self-insurance; the supply chain, outsourcing, and inherent risk; infrastructure, systems, and telecommunications; and physical and information security. Reducing risk. Transferring risk. Accepting risk.

Risk Management 98

Risk Management BCM Management All-Hazards 98

Pure Storage

AUGUST 25, 2021

There are outsourced IT and cybersecurity that may need to be deployed. Increased insurance premiums (or possible cancellation). Confirm what your cyber insurance covers—and what it doesn’t. There are the extra people-hours that must be devoted to reassuring customers. There are shareholder lawsuits the business must defend.

Hospitality 59

Hospitality Insurance Insurance Backup 59

Stratogrid Advisory

MAY 11, 2020

We have business interruption insurance. The business interruption insurance will cover actual business loses and expenses associated with the restoration of business services. What business interruption insurance will NOT cover is the loss of your clients, overall market share, or any project related delays associated costs.

Continuity Planning 52

Continuity Planning Business Continuity BCP BCM 52

Pure Storage

MARCH 21, 2022

This role could be an in-house team, outsourced, or hybrid. If outsourced or hybrid, a designated employee should act as a liaison. Legal experts help you understand the legal obligations, potential conflicts, and liabilities of your business, and can provide input when drafting policies and procedures. Information Security (InfoSec).

Emergency Response 105

Emergency Response Emergency Response Backup Outsourcing 105

everbridge

OCTOBER 9, 2024

They look that way at whole departments, too, and many consultants look at outsourcing a lot of roles that have traditionally been performed in-house. When you sell widgets, you need to buy widget components, but this may not be the year to buy pinball machines for the break room.

Capacity 52

Capacity Outsourcing Business Continuity Disaster Recovery 52

Plan B Consulting

MAY 10, 2023

About Capita Capita is a large outsourcing company based in the United Kingdom. The company specialises in providing business process outsourcing, professional support services, and technology-enabled solutions, to both public and private sector organisations. It might also deter organisations from using their cyber services.

Outsourcing 52

Outsourcing Media Communications Government 52

Online Computers

FEBRUARY 22, 2022

Your IT department or outsourced MSP typically handles these concerns. Beyond the factors of salary, insurance, and other expenses related to that employee, you also have to consider how an MSP can save you money in different ways. Have you thought about hiring an IT professional or outsourcing those duties?

Outsourcing 52

Outsourcing Retail Insurance Insurance 52

Marketpoint Recall

JUNE 14, 2018

Your finance team are there to ensure the right insurance is purchased and to provide the documentation that the regulatory authorities require throughout a recall. Legal counsel – in-house or outsourced. · Finance – crucial to a recall. They also have full awareness of the damage hitting the balance sheet.

Outsourcing 52

Outsourcing Authorization 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.

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

Stratogrid Advisory

APRIL 12, 2020

non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.) A false sense of security Many of the small and medium-sized organizations are outsourcing some or all of the internal Information Technology infrastructure and applications to third-party organizations (e.g.

Continuity Planning 52

Continuity Planning Business Continuity BCM Disaster Recovery 52

Stratogrid Advisory

APRIL 12, 2020

non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.) Many of the small and medium-sized organizations are outsourcing some or all of the internal Information Technology infrastructure and applications to third-party organizations (e.g. A false sense of security.

Continuity Planning 52

Continuity Planning Business Continuity BCM Disaster Recovery 52

Online Computers

AUGUST 10, 2022

Whether it be billing, insurance claims, scheduling, or any other aspect of running a medical facility, there's no doubt that the fewer resources that are dedicated to non-medical tasks, the better and faster your patients can be cared for. Lastly, modern IT just makes everything move faster.

Healthcare 52

Healthcare Insurance Insurance Manufacturing 52

LogisManager

MAY 9, 2023

For instance, banks and insurance carriers with robust ERM programs realize that investment research consultants and credit rating agencies, although they may have a relatively small spend, can have a significant impact on their investment portfolios if conflicts of interest, bias, or fraud go undetected.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

AUGUST 24, 2022

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. This will give you insight into the vendor’s risk management solutions and its ability to provide the data you need to monitor vendor performance. What Are the Most Common Vendor Risks? Cybersecurity.

Management 52

Management Risk Management Cybersecurity Strategic 52

Solutions Review

JANUARY 25, 2023

On top of that, these suppliers themselves outsource their material to second-tier suppliers. Shalabh Singhal, CEO at Trademo Producing one reasonably complex product requires tens of thousands of parts, and most of these components are sourced from a vast geographical area and an extensive network of suppliers.

Backup 116

Backup Government Application Security 116

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. Examples of IT options are: secondary data centres, migration to cloud-based services, or outsourcing part of IT operations.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

Stratogrid Advisory

JUNE 3, 2020

Business insurance needs – some business interruption policies are requiring organizations to implement business continuity programs. An added benefit to a more resilient organization will be lower insurance rates. Insurance companies assess risks to determine the insurance premiums they will charge. ARTICLE SECTIONS.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52