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.

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Mitigation Cybersecurity Malware Media 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. Evidence may include compliance certifications, penetration test reports, financial information, and on-site audits.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Reciprocity

MARCH 24, 2022

So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? Internal Audits. Solid internal audit procedures limit the risk of fraud. Along with management reviews, internal audits are critical to assess existing anti-fraud controls and assure they remain effective and up-to-date.

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Audit Banking Activation Authorization 52

Reciprocity

AUGUST 24, 2022

Not long ago, risk managers concerned themselves mainly with hazards such as fires and floods; or in the financial sector, loan defaults (credit risk). Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. Many Needs, One Solution.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Reciprocity

NOVEMBER 5, 2021

You must find ways to manage, mitigate, accept, or transfer these risks. ERM also has financial benefits. Not only can an integrated risk management program save you money by avoiding business disruptions; it can also help your accounting team come audit time. Simple awareness is not enough to stay ahead of these risks.

Risk Management 52

Risk Management Management Audit Strategic 52

LogisManager

MAY 9, 2023

These organizations use various parameters to categorize their vendors and partners, including the financial or regulatory impact that vendors can have on their organization. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy.

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Banking Risk Management Management Corporate Governance 98

LogisManager

MAY 20, 2021

That’s why insurance premiums are increasing exponentially for those organizations that cannot provide evidence of an effective ERM program that has strong controls and a robust Incident Response program. Steven is a frequent speaker in the Energy , Financial Services and Cyber industries. Data Governance.

Risk Management 64

Risk Management Management Authentication Hospitality 64

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. Set up a mechanism for monitoring and auditing. Elements of a Strong Compliance Program.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 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. Schedule a demo today to learn more.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. Regular audits of the compliance program. The board sets the business objectives for your organization to manage and mitigate risks. These policies and procedures traditionally focus on fair lending and mortgage servicing issues. Compliance Audit. Surveillance and Audits.

Management 52

Management Audit Banking 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. Risk measurement and mitigation.

Strategic 52

Strategic Risk Management Mitigation Evaluation 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