Fusion Risk Management

SEPTEMBER 1, 2021

In today’s world, where we have seen massive supply chain disruptions, data breaches, enforcement actions, and a stunning series of customer failures, the world of third-party risk management (TPRM) has never been under more scrutiny. Let’s examine what third-party risk management means. Risk Assessment.

Risk Management 52

Risk Management Management Outsourcing Fashion 52

Reciprocity

DECEMBER 21, 2022

If your company is a service organization and your customers trust you with their data, you may need to pass a SOC 2 (System and Organization Controls 2) audit. Compliance and certification are the goals of a SOC 2 audit. The SOC 2 compliance audit gives them that assurance. Develop a SOC 2 Audit Framework. What is SOC 2?

Audit 52

Audit Gap Analysis Security Cybersecurity 52

LogisManager

JANUARY 4, 2022

Risk Management Approach for an Organization? There are many different terms for integrated risk management (IRM); GRC (governance, risk and compliance), as well as ERM (enterprise risk management) are two acronyms commonly used interchangeably with IRM. What is Integrated Risk Management?

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Risk Management Management Activation Government 52

Reciprocity

AUGUST 18, 2022

Enterprise risk management (ERM) is critical for success in the modern business landscape. 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.

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Risk Management Management Mitigation Strategic 52

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. The International Organization for Standardization (ISO) 31000: Risk Management is complete with principles, a framework, and a process for managing risk.

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Risk Management Management Mitigation Strategic 52

LogisManager

OCTOBER 19, 2023

Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure. Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy.

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Banking Corporate Governance Audit Risk Management 98

Fusion Risk Management

AUGUST 17, 2021

Ask yourself one question: when is the last time I updated my third-party risk management policy and presented it to the board for approval? However, for the 1/3 that don’t, here are some helpful tips and notes: Scrutiny of third-party risk practices has never been greater. desktop procedures). desktop procedures).

Management 52

Management Audit Outsourcing Risk Management 52

Zerto

OCTOBER 20, 2022

As we continue with our third and final blog in this series on managing cyberthreats, we’ll explore frameworks from the National Institute of Standards & Technology and Center for Internet Security, which together provide time-tested knowledge and best practices used to combat ransomware. Account management. Audit log management.

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Reciprocity

AUGUST 24, 2022

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? Importance of Vendor Management KPIs. Compliance.

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Management Risk Management Cybersecurity Strategic 52

Solutions Review

SEPTEMBER 8, 2023

…to analysts like Gartner … “ Harden the components of enterprise backup and recovery infrastructure against attacks by routinely examining backup application, storage and network access and comparing this against expected or baseline activity.” …to Two-thirds say securing backups and storage was addressed in recent external audits.

Financial Services 105

Financial Services Security Backup Audit 105

Pure Storage

MARCH 25, 2024

Looking across all of these efforts, several themes emerge: Shift from prevention to action: In the past, the standards for cybersecurity have largely emphasized prevention as the key activity to pursue. Audit and reporting: While OR regulatory programs in the U.S. Audit and reporting: While OR regulatory programs in the U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

LogisManager

MARCH 19, 2024

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. Cybersecurity Risk Management Best Practices In the era of remote work, businesses face unique cybersecurity challenges that require tailored risk management strategies.

Cybersecurity 59

Cybersecurity Risk Management Vulnerability Mitigation 59

Reciprocity

DECEMBER 20, 2022

Learn the best way to complete an internal audit for your compliance management program. The Basics of Internal Audits. Internal audits assess a company’s internal controls, including its governance, compliance, security, and accounting processes. What Is the Purpose of an Internal Audit?

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Audit Management Evaluation Activation 98

Reciprocity

DECEMBER 21, 2022

If using an ISO audit software tool to achieve ISO certification is on your compliance roadmap, here’s a quick primer to get you up to speed and jumpstart your ISO compliance efforts. The 27001 standard provides requirements for businesses to implement and operate an Information Security Management System, or ISMS.

Audit 52

Audit Accreditation Gap Analysis All-Hazards 52

Pure Storage

FEBRUARY 21, 2024

Operational Resilience Requirements in Asia-Pacific Examples from Singapore, Hong Kong, and Australia Across APAC, regulators have been active over the past several years in crafting and implementing new regulations for operational resilience. The new standard was finalized in July 2023 and comes fully into effect as of July 1, 2025.

Financial Services 59

Financial Services Resilience Audit Authorization 59

LogisManager

MARCH 19, 2024

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. Cybersecurity Risk Management Best Practices In the era of remote work, businesses face unique cybersecurity challenges that require tailored risk management strategies.

Cybersecurity 52

Cybersecurity Risk Management Vulnerability Mitigation 52

Fusion Risk Management

SEPTEMBER 12, 2022

Are you able to respond to and manage all of the SLAs (service-level agreements) that you’re required to adhere to contractually? . A recent study by OCEG indicates that operational risk programs are viewed as unnecessary overhead by business units. Or, as so well articulated by the great British writer C. Contractual Obligations.

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Resilience Insurance Insurance Audit 52

Alternative Resiliency Services Corp

DECEMBER 10, 2019

Last-minute Compliance items and Audit remediations. ​Your Business Continuity, Risk Management and related programs can get side-tracked during the holiday rush. ​Here are two high-value low-investment end-of-year activities to keep your Business Continuity programs on track and ready to face the unexpected in 2020!

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Audit Outage Evaluation Business Continuity 130

Reciprocity

APRIL 4, 2022

On top of their already large portfolios, CISOs have become even more important as digital transformation continues to dictate the modern business environment and security risks continue to grow. According to a one CISO survey , the top concerns for CISOs in 2021 were network and cloud security threats, and identity management.

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Audit Cybersecurity Risk Management Alert 52

LogisManager

SEPTEMBER 21, 2021

Managers completed thousands of reviews at a time, one by one, and relied strictly on memory for completing them on time. In the short term, this left room for human error, missed deadlines and failed audits. Related Post: The Colonial Pipeline Hack: A Failure in Risk Management. Download our free guide to find out.

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Healthcare Audit Pandemic Risk Management 96

Reciprocity

DECEMBER 19, 2022

Although corporate compliance can feel overwhelming at first, corporate compliance programs offer a sound foundation for business strategy and risk management. Effective compliance requires the support of senior management. Set up a mechanism for monitoring and auditing. Elements of a Strong Compliance Program.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. To combat those threats, businesses need to develop digital risk management. We can define that as the processes used to assess, monitor, and treat the risks that arise from the digital business processes that are so common today.

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Zerto

FEBRUARY 7, 2024

With the global surge in cybercrime—particularly ransomware attacks —and occasional outages of cloud services , enterprise risk management is just the latest initiative that needs attention. What would happen to your organization’s day-to-day operations if your Microsoft Azure Active Directory (Azure AD) stopped working?

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Activation Backup Outage Authentication 97

LogisManager

DECEMBER 6, 2022

But like most business processes, user access reviews are not a once-and-done activity that can be completed by one person; there is an ongoing monitoring piece that involves ensuring your user access reviews have been completed. Download Now STEP 1: Standardize and formalize your processes.

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Mitigation Application Risk Management Audit 52

FS-ISAC

NOVEMBER 8, 2021

You can hire a professional audit firm to benchmark the bucket against peer buckets. We chase concepts that seem simple, such as "basic" network hygiene, asset management, and patching. But these approaches rely on tenets based on traditional operational and financial risk management. Or you could fill it with water.

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Risk Management Management Audit Asset Management 59

Pure Storage

OCTOBER 4, 2023

These requirements can be summarized into the following key areas: Risk management and mitigation: Telcos must identify and assess risks to their networks and services. This includes intrusion detection systems, encryption protocols, firewalls, and regular security audits.

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Telecommunications Authorization Cybersecurity Government 52

Solutions Review

JUNE 9, 2023

Conducting Privacy Impact Assessments (PIAs): Data Privacy Officers are tasked with conducting Privacy Impact Assessments (PIAs) to identify and assess privacy risks associated with new or existing data processing activities. They collaborate with legal teams to navigate complex legal frameworks and mitigate potential risks.

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Impact Analysis Authorization Mitigation Education 52

LogisManager

JANUARY 3, 2022

This applies especially to your Environmental, Social and Corporate Governance (ESG) program: you may be working in accordance with ESG best practices, standards and frameworks, but you must report on your ESG activities to prove to third-party stakeholders like investors and customers that you’re doing what you’re saying you’re doing. .

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Corporate Governance Government Audit Activation 52

Reciprocity

NOVEMBER 5, 2021

The modern corporate organization faces a host of risks that can affect operational efficiency and regulatory compliance. Simple awareness is not enough to stay ahead of these risks. You must find ways to manage, mitigate, accept, or transfer these risks. Here’s where enterprise risk management (ERM) comes in.

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Risk Management Management Audit Strategic 52

LogisManager

JUNE 10, 2021

It focuses mainly on environmental risks, energy sourcing strategies, pollution contribution, water and waste management, deforestation involvement, gas emissions and overarching climate change initiatives. Social criteria examine diversity, equity and inclusion, labor management, data privacy and security and community relations.

Corporate Governance 52

Corporate Governance Government Risk Management Activation 52

Solutions Review

SEPTEMBER 15, 2023

For many, the traditional methods of audits and assessments take shape as a reactive 11 th -hour hustle, one that tends to be expensive while only providing a point-in-time report with limited value. GRCaaS forces everyone to manage and track GRC-related activities in one location.

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Risk Management Government Management Disaster Recovery 64

Reciprocity

AUGUST 15, 2022

Automated tools allow your compliance management system (CMS) to work effectively. Specifically, a compliance management system looks like a collection of policies, procedures, and processes governing all compliance efforts. Regular audits of the compliance program. Consumer Complaint Management Program. Compliance Audit.

Management 52

Management Audit Banking Risk Management 52

Fusion Risk Management

JANUARY 31, 2024

As organizations begin to determine the impact that DORA has on their specific business, a common thread has emerged: while Information and Communication Technology (ICT) Third-Party Risk Management (TPRM) is its own pillar in the regulation, TPRM touches on all other pillars of the regulation.

Management 52

Management Risk Management Activation Outsourcing 52

Pure Storage

OCTOBER 4, 2022

Enhance risk management and improve accuracy. In wealth management, for example, automation can streamline client onboarding, including KYC requirements, thereby improving customer experience, reducing errors, and freeing staff from box-ticking, allowing them to put their critical skills toward more valuable work. .

Banking 59

Banking Financial Services Strategic Application 59

everbridge

NOVEMBER 2, 2021

Becoming proactive and investing in disaster risk reduction and enterprise resilience; through critical event management solutions, public safety solutions , and Public Warning systems. Gathering threat data and contextual information is needed to assess the magnitude of a risk. Aerial POV view Depiction of flooding.

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Resilience Risk Reduction Management Command Center 142

Reciprocity

SEPTEMBER 30, 2022

Such valuable data creates immense cybersecurity risks in healthcare. Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. Access to PII.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Pure Storage

MAY 2, 2024

Continuous monitoring: Zero trust continuously monitors network activity and user behavior in real-time. Any suspicious activity or deviations from normal behavior can trigger alerts or automated security responses. Monitoring is limited to the perimeter, not internal activities. But monitoring the perimeter alone is not enough.

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Architecture Authentication Audit Activation 75