Remove Audit Remove Insurance Remove Retail Remove Vulnerability
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Year in Review: Key Trends in Critical Event Management

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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.

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Tips for Managing Third-Party Risk in Health Care

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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. Is firewall protection used?

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IRM, ERM, and GRC: Is There a Difference?

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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. Rasmussen sees the GRC development timeline as follows: GRC 1.0

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Strategies for Digital Risk Protection

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Vulnerabilities. Workflow management features offer easy tracking, automated reminders, and audit trails. Each new online connection, however, increases an organization’s attack surface, making it more likely that the company will be hacked. Data loss or leaks.

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Choosing a Governance Risk and Compliance Tool: Constant Vigilance

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It also helps align internal audit, external audit, and compliance functions. In the modern business landscape, organizations in every industry must manage auditing, risk assessments, compliance, vendor assessments, cybersecurity threats, and disaster recovery. Audit management. What Are the Benefits of Using a GRC Tool?

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5 Steps to Implement Enterprise Risk Management (ERM)

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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. Passing or sharing the risk via insurance, joint venture, or another arrangement. Step 2: Assess the Risks.

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5 Steps to Implement Enterprise Risk Management (ERM)

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Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.