Remove 2020 Remove Audit Remove Evaluation Remove Vulnerability
article thumbnail

How to Navigate the Cybersecurity Minefield of Remote Work

LogisManager

According to an INTERPOL report , between January and April 2020, there was a significant increase in malicious cyber activities attributed to the pandemic shift to WFH. It’s crucial for companies to continuously evaluate and improve their cybersecurity strategies to mitigate risks and comply with legal and regulatory requirements.

article thumbnail

How to Navigate the Cybersecurity Minefield of Remote Work

LogisManager

According to an INTERPOL report , between January and April 2020, there was a significant increase in malicious cyber activities attributed to the pandemic shift to WFH. It’s crucial for companies to continuously evaluate and improve their cybersecurity strategies to mitigate risks and comply with legal and regulatory requirements.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips for Managing Third-Party Risk in Health Care

Reciprocity

Data breaches against healthcare organizations affected more than 1 million people in 2020. In the healthcare industry, attackers often leverage third-party vulnerabilities to access sensitive information, while defenders try to keep these bad actors out. million ) than any other sector. In 2021 the average cost rose to $9.41

article thumbnail

Integrating Risk Disciplines: Business Continuity and Cyber Response

Castellan

But, as we’ve seen with an increase in cyber events, specifically the increased number of ransomware attacks and phishing schemes since the start of the coronavirus outbreak back in 2020, we’re learning that even effective cybersecurity programs can’t stop all attacks. In 2020, more than half of respondents said they’d been hit by ransomware.

article thumbnail

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Instead, they continued investing as they had from 2020-2021, driving through their rearview mirror of asking “Is today like yesterday?” They evaluate their vendor and partner communities to identify the third parties they depend on the most and map them to the business risks, controls, and testing that rely on them.

Banking 98
article thumbnail

What Does a Compliance Management System Look Like?

Reciprocity

Regular audits of the compliance program. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. Compliance Audit. Takes corrective action and updates materials as necessary. What Is the Difference Between a Compliance Program and a Compliance Plan? Let’s look at several examples.

article thumbnail

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

Reciprocity

2007-2012): Audit management, enterprise, and operational risk management, compliance beyond financial controls, and more. 2013-2018): Using GRC solutions for enterprise-wide management in various areas such as risk management, compliance, legal, finance, audit, security, and health and safety. GRC 4.0: (2018-present): Automated GRC.