LogisManager

OCTOBER 12, 2021

What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. What Is Risk Management?

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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.

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Risk Management Management Outsourcing Fashion 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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LogisManager

OCTOBER 19, 2023

Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy. What Changes Can Banks Expect When delving into some of the specific changes banks can expect to see, the frequency of risk appetite statements will come into focus.

Banking 98

Banking Corporate Governance Audit Risk Management 98

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.

Risk Management 52

Risk Management Management Mitigation 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

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).

Management 52

Management Audit Outsourcing Risk Management 52

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 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

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

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

Reciprocity

APRIL 4, 2022

It’s also bringing about yet another hat CISOs might find on their head: governance, risk, and compliance (GRC) expert. GRC software solutions from the Reciprocity Product Suite make the complex task of cybersecurity much easier, as they: Streamline tasks; Measure and monitor compliance; Collect audit-trail evidence; and.

Audit 52

Audit Cybersecurity Risk Management Alert 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

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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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

Fusion Risk Management

SEPTEMBER 12, 2022

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C. Contractual Obligations.

Resilience 52

Resilience Insurance Insurance Audit 52

Zerto

OCTOBER 20, 2022

When an organization understands the business context, resources that support critical functions, and related cybersecurity risks, it can focus and prioritize its risk management strategy and business needs. Response activities include planning, communications, analysis, mitigation, and improvements. Account management.

Cybersecurity 52

Cybersecurity Management Internet Malware 52

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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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. Monitoring often incorporates audit requirements (either external or internal) as part of the regulatory or industry standard. 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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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

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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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? What Are the Most Common Vendor Risks? Business Continuity.

Management 52

Management Risk Management Cybersecurity Strategic 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

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.

Impact Analysis 52

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. .

Corporate Governance 52

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.

Risk Management 52

Risk Management Management Audit Strategic 52

LogisManager

JUNE 10, 2021

Social criteria examine diversity, equity and inclusion, labor management, data privacy and security and community relations. Governance criteria deals with a company’s leadership, executive pay, audits, internal controls, board governance, financial performance, business ethics, intellectual property protection and shareholder rights.

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

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

Reciprocity

SEPTEMBER 23, 2022

Designed by the International Standards Organization (ISO), ISO 27001 spells out industry standards for an information security management system (ISMS). The ISO 27001 statement of applicability focuses on preserving the confidentiality, integrity, and availability of information as part of the risk management process.

Audit 52

Audit Accreditation Acceptable Risk Security 52

Reciprocity

AUGUST 15, 2022

An effective compliance management system, the FDIC continues, typically includes: Board and management oversight; The compliance program itself; and. Regular audits of the compliance program. A compliance management system orchestrates that work in an efficient, productive way. Compliance Audit. Senior Management.

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

LogisManager

MAY 22, 2023

From economic fluctuations to cybersecurity threats, from regulatory changes to environmental hazards, the risk landscape is constantly evolving, and organizations must be agile and proactive to stay ahead. In uncertain times, it is crucial to have resources to analyze and demonstrate risks.

Risk Management 52

Risk Management Evaluation Banking Benchmark 52

LogisManager

MAY 22, 2023

From economic fluctuations to cybersecurity threats, from regulatory changes to environmental hazards, the risk landscape is constantly evolving, and organizations must be agile and proactive to stay ahead. In uncertain times, it is crucial to have resources to analyze and demonstrate risks.

Risk Management 52

Risk Management Evaluation Banking Benchmark 52