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The hidden costs of shadow IT: How unsanctioned tech impacts your budget

Online Computers

In 2013, thieves stole two laptops from Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ), the state’s largest healthcare provider. Using unauthorized laptops illustrates the hazards of shadow IT within a company. Compliance issues Industries such as healthcare or finance have strict regulations regarding data handling.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Passing or sharing the risk via insurance, joint venture, or another arrangement. Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size. Prevention or termination of a risk. Risk Response.

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Racial Disparities and COVID-19

National Center for Disaster Prepardness

As the world scrambles each week to grapple with the seemingly insurmountable number of positive cases and deaths from the COVID-19 pandemic, public policy is failing some of America’s most vulnerable communities. Compounding this, African Americans and Latinos on average have lower insurance coverage rates. Council of Nonprofits.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

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. As your organization grows, its risks will change.

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5 Steps To Developing A Corporate Compliance Program

Reciprocity

Or if you’re a healthcare provider offering tele-medicine and accepting credit card payments, you need to implement controls protecting both electronic personal health information (ePHI) and cardholder information. You must assess the efficacy of your company’s compliance program and identify potential hazards.

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Strategies for Digital Risk Protection

Reciprocity

Any hazards associated with cloud architectural changes, the use of new platforms such as IoT devices, or new IT systems can lead to digital risk. Vulnerabilities. This refers to all risks introduced by service providers and third parties working with your enterprise. Technology. Compliance. Data loss or leaks.

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Risk Assessment vs Risk Analysis

Reciprocity

Various types of hazards must be considered. After identifying hazards and risks, consider how they are harmful and the possible outcomes. This means that risks presenting a higher threat must receive more comprehensive control measures than lower-risk hazards. Economic risk. Operational risk. Third-party risk. Quality risk.