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Strategies for Digital Risk Protection

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So it is for houses and buildings – and the same principle is just as true for cybersecurity. Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. More specifically, within digital risk management are the active measures that businesses can take to protect their assets: digital risk protection.

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What is Vendor Risk Management (VRM)? The Definitive Guide

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Such risks could affect your business’ cybersecurity, regulatory compliance, business continuity, and organizational reputation. It encompasses controls for cybersecurity, information technology, data security, and business resiliency. Initial vision and ad hoc activity. Approved route and ad hoc activity.

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What Is Enterprise Risk Management & Its Importance

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There are many different types of risks, such as operational risks, financial risks, or strategic risks; as well as others including reputational, regulatory, or cybersecurity risk. 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.

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5 Steps To Developing A Corporate Compliance Program

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When your business does commit misconduct or suffers some unfortunate incident (say, a cybersecurity breach), regulators will examine your compliance program to see whether the business was making a good-faith effort to avoid those events. Set up a mechanism for monitoring and auditing. Elements of a Strong Compliance Program.

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What Does a Compliance Management System Look Like?

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But as more companies use technology across all parts of the enterprise and more compliance requirements focus on cybersecurity, IT security is becoming an increasingly central part of the CMS. Regular audits of the compliance program. Compliance Audit. So how does a modern CMS program operate? What is a Compliance Program?

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Tips for Managing Third-Party Risk in Health Care

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Such valuable data creates immense cybersecurity risks in healthcare. The pain is felt by the healthcare organization when a vendor has an outage because of ransomware or another cybersecurity intrusion. Despite HIPAA regulations, cybersecurity attacks and data breaches targeting healthcare remain a severe and increasing threat.

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Important KPIs for Successful Vendor Management

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As you bring new vendors into your organization’s orbit, you will need assurance that those third parties continuously comply with the cybersecurity controls outlined in the service level agreements you’ve established. Cybersecurity. Begin by determining your organization’s tolerance for cybersecurity risk.