FS-ISAC

NOVEMBER 8, 2021

We chase concepts that seem simple, such as "basic" network hygiene, asset management, and patching. But these approaches rely on tenets based on traditional operational and financial risk management. While “close enough” works in asset management for financial inventory, it can quickly prove useless in cybersecurity.

Risk Management 59

Risk Management Management Audit Asset Management 59

MHA Consulting

FEBRUARY 9, 2023

Try a Dose of Risk Management Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold. Risk avoidance: Altering organizational behavior to eliminate a given risk. Insurance policies come wrapped in caveats and conditions.

Insurance 98

Insurance Insurance Outsourcing Mitigation 98

Reciprocity

FEBRUARY 12, 2025

Instead, they began with vulnerabilities in vendor systems. These incidents underscore a crucial reality: effective third-party vendor risk management isn’t just about ongoing monitoringit begins the moment you start evaluating a potential partner. Manual processes hide risk exposure.

Evaluation 52

Evaluation Vulnerability Audit Risk Management 52

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

Reciprocity

FEBRUARY 4, 2025

This isn’t just about vendor assessments anymore it’s about managing an intricate web of AI-powered tools, remote access points, and digital dependencies that could each represent a potential vulnerability in your security posture. The resource intensity of manual processes creates its own vulnerabilities.

Risk Management 52

Risk Management Vulnerability Strategic 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

Solutions Review

DECEMBER 12, 2024

This heightened accountability is set to redefine service contracts and risk management strategies. MSPs without a thorough understanding of legal obligations may find themselves vulnerable to lawsuits and significant financial losses, emphasizing the need for legal expertise in their operations.

Vulnerability 52

Vulnerability Cybersecurity Malware Audit 52

SRM

JULY 3, 2018

also brings an increased level of vulnerability. with increased opportunity comes increased vulnerability appeared first on Security Risk Management. This new era of technological revolution presents unprecedented opportunities for innovation, diversification, agility and cost optimisation. There are four key areas: 1.

Vulnerability 52

Vulnerability Cyber Resilience Disaster Recovery BCM 52

NexusTek

OCTOBER 25, 2023

Penetration testing: This is an authorized, simulated attack on a company’s IT systems, which helps it to identify existing vulnerabilities. Patch management: This practice ensures that any identified vulnerabilities in software are addressed in a timely manner.

Cybersecurity 105

Cybersecurity Evaluation Vulnerability Risk Management 105

MHA Consulting

MARCH 2, 2023

A related but higher level concept is that of risk mitigation strategies. There are four main risk mitigation strategies: Risk acceptance. A strategy involving a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Risk avoidance. Risk limitation.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

Reciprocity

MARCH 3, 2025

Manual vendor management creates critical vulnerabilities through fragmented documentation and inconsistent security assessments. Schedule a demo to see how ZenGRC can strengthen your healthcare vendor risk management program. Legal expenses from patient lawsuits and class-action litigation can persist for years.

Healthcare 52

Healthcare Management Risk Management 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. Security risks aren’t the only type of risk that organizations face.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

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.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

everbridge

DECEMBER 19, 2023

Lessons Learned: Exploration of Cybersecurity Vulnerabilities: In 2023, a surge in cyberattacks exposed vulnerabilities across various sectors. These incidents highlighted the vulnerability of such systems to cyber threats, necessitating urgent security enhancements.

Management 59

Management Travel Vulnerability Cybersecurity 59

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

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

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. To combat those threats, businesses need to develop digital risk management. We can define that as the processes used to assess, monitor, and treat the risks that arise from the digital business processes that are so common today.

Mitigation 52

Mitigation Malware Cybersecurity Media 52

NexusTek

OCTOBER 25, 2023

Penetration testing: This is an authorized, simulated attack on a companys IT systems, which helps it to identify existing vulnerabilities. Patch management: This practice ensures that any identified vulnerabilities in software are addressed in a timely manner.

Cybersecurity 52

Cybersecurity Evaluation Vulnerability Risk Management 52

Plan B Consulting

MAY 16, 2023

There can be no escaping such supply chain risks over the past few years from Brexit to Covid, and onto the War in Ukraine and the associated cyber-attacks, to the cost -of-living crisis engulfing the UK and beyond. What can organisations do to attempt to protect themselves from such risks?

Fashion 52

Fashion Business Continuity Insurance Insurance 52

Solutions Review

DECEMBER 13, 2022

Data bias in machine learning models is one of the hottest topics in the AI industry for good reason; an AI model that rejects loan applications or increases insurance premiums for the wrong reasons will have a very deleterious effect. ” More edge devices mean more vulnerabilities. And there are other concerns.

Backup 98

Backup Application Government Security 98

Pure Storage

MARCH 25, 2024

CISA is a part of the Department of Homeland Security and has responsibilities that include risk assessment, vulnerability reduction, threat detection, incident response, and the coordination of recovery efforts with other federal agencies, state and local government, and the private sector. link] ²“ U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

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

SRM

JUNE 21, 2019

A recent example of this was the spyware injected into a vulnerability within WhatsApp. One particularly ingenious type of phishing attack first appeared in 2017 but is still being used because it preys successfully on the unsuspecting and (potentially) vulnerable. So how can we defend ourselves from these ever evolving threats?

Vulnerability 52

Vulnerability Banking Insurance Insurance 52

FS-ISAC

MAY 25, 2021

At Banco de Credito de Peru, the largest bank in the country, we consider all non-financial risks together, as they are interrelated and require the same governance processes. Several of the key “motors” of our transformation are drivers that impact non-financial risk: organization, data analytics, and digital channels.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

MHA Consulting

MARCH 21, 2024

Healthcare organizations are uniquely vulnerable to hackers and are subject to more than their share of cyberattacks. Ensuring that the needed advance coordination has taken place with relevant teams such as public relations, legal, insurance, and communications. health care system in American history.”

Healthcare 52

Healthcare Hospitality Resilience BCM 52

Pure Storage

MAY 13, 2024

To help, a new class of tools has appeared on the market: Third-party cybersecurity risk management (TPCRM) platforms can help manage both assessment and ongoing monitoring. Shift left encourages teams to find vulnerabilities earlier and fix defects.

Audit 52

Audit Banking Benchmark Application 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.

Management 52

Management Audit Banking Media 52

Reciprocity

DECEMBER 27, 2022

GRC is an integrated approach to managing the organization’s governance, IT and security risks, and regulatory compliance functions. The three pillars of a GRC program are governance, risk management, and compliance. Risk Management. Automate Vendor Risk Management. Governance.

Government 52

Government Audit Risk Management Disaster Recovery 52

Erwood Group

MAY 30, 2024

Risk Management RTO is an integral part of risk management. This proactive approach helps mitigate risks associated with operational disruptions. We often see businesses gaining additional insurance coverage with zero increases in premiums based on better RTOs and strategy implementations.

Business Continuity 52

Business Continuity Disaster Recovery Impact Analysis Resilience 52

everbridge

AUGUST 4, 2023

What are the ways in which you meet specific requirements for protecting business travelers, including security training and preparation, kidnap and ransom insurance, and evacuation protocols? Can you discuss the challenges associated with travel risk management for the executive traveler demographic?

Travel 52

Travel Command Center All-Hazards Fashion 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

Solutions Review

APRIL 21, 2022

In this case, visibility is key to prevention, so consider using a vulnerability assessment tool that can help you understand exposure, identify vulnerabilities and prioritize action. USB flash drives are absolutely everywhere, and they are admittedly very convenient – but they also carry huge data security risks.

Media 40

Media Cybersecurity Retail Malware 40

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. 2) what action to take if staff are sick.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52

BCP Builder

APRIL 20, 2020

This means that management will need to address what their new business model will be. Business Continuity and Risk Management will hopefully be given the respect it deserves. I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. Risk Management.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52