Advancing Analytics

MAY 23, 2022

Auto-insurer Tokio Marine use computer vision system for examining damaged vehicles. Computer vision technology is beginning to significantly impact the financial services industry. Facial recognition and retina scanning are also helping financial institutions to improve security procedures and therefore reducing fraud.

Advertising 52

Advertising Retail Healthcare Transportation 52

Reciprocity

MARCH 24, 2022

Emerging businesses that are just starting or organizations with no established vendor risk management activities. Initial vision and ad hoc activity. The organization is considering how to implement third-party risk activities, or third-party risk management operations are carried out on an as-needed basis.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Reciprocity

SEPTEMBER 30, 2022

And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety. Vendor Due Diligence.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Reciprocity

APRIL 4, 2022

More specifically, within digital risk management are the active measures that businesses can take to protect their assets: digital risk protection. DRP is the active piece of the cybersecurity puzzle, and is an imperative for every organization. What is Digital Risk Protection?

Mitigation 52

Mitigation Cybersecurity Malware Media 52

Solutions Review

SEPTEMBER 9, 2021

Additionally, users can utilize continuous control monitoring and self-assessments to report on their risk posture and activity in near real-time. Users are able to evaluate risk based on a methodology of their choice and understand risk relationships across their business processes, controls, and third-party relationships.

Risk Management 98

Risk Management Management Audit Hospitality 98

Castellan

DECEMBER 1, 2021

A business continuity management process is the key to identifying which activities will reduce risk and eliminating the activities that are less beneficial. The remainder of this article describes the business continuity management process and how each part of the process drives the effort towards value-added activities.

Business Continuity 40

Business Continuity Management Activation Risk Management 40

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. So compliance risk management requires a complex web of compliance activities (from change management to compliance monitoring, and much more) to assure that all enterprise business units conform to applicable laws. The compliance program ties together several components of compliance activities.

Management 52

Management Audit Banking Risk Management 52

LogisManager

MAY 9, 2023

These organizations use various parameters to categorize their vendors and partners, including the financial or regulatory impact that vendors can have on their organization. ” You can outsource the activity to the vendor but not the risk. Steven is a frequent speaker in the Energy , Financial Services and Cyber industries.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

AUGUST 18, 2022

Passing or sharing the risk via insurance, joint venture, or another arrangement. Any organization can benefit from ISO 31000 regardless of size, activity, or sector. The two fundamental components of ERM are (1) the evaluation of significant risks, followed by (2) application of adequate responses. Prevention or termination of a risk.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

MARCH 28, 2022

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.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

MARCH 24, 2022

Internal fraudsters might engage in fraudulent activity for years by taking advantage of their “trusted insider” status. Without a robust control environment, fraudsters can exploit a weakness or take advantage of their position or influence to commit a fraudulent activity. Fraud is often difficult to detect.

Audit 52

Audit Banking Activation Authorization 52

Reciprocity

SEPTEMBER 23, 2022

version of the European Union’s General Data Protection Regulation ( GDPR ), has many American companies overhauling their approach to privacy protection in data processing activities. GDPR uses the word “processing” to describe any activity involving data. The two privacy laws have many differences.

Government 52

Government Audit Activation Application 52

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. These activities must happen in 2024, because threat actors are in fact already targeting encrypted data, by taking a “steal and store now to decrypt later” approach. Upholding good cyber hygiene.

Authentication 142

Authentication Security Cybersecurity Government 142

Reciprocity

OCTOBER 1, 2022

OCEG also notes that although organizations have been governed, and risk and compliance have long been managed in the business environment, many businesses have not approached these activities in a mature way, “nor have these efforts supported each other to enhance the reliability of achieving organizational objectives.”

Government 52

Government Risk Management Internet Audit 52

Reciprocity

AUGUST 17, 2022

Since operational risks are constant, varied, and increasingly complex, ORM is an ongoing activity. These risks relate to systems, people, and business processes – anything that can affect its ongoing business activities. Risk measurement and mitigation. Controls implementation. Risk monitoring and risk data reporting.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Reciprocity

NOVEMBER 5, 2021

Control Activities. ERM must be continuously monitored to stay on top of the evolving risk landscape through internal audits, external audits, and as a part of ongoing management activities. Monitoring. ZenGRC Can Ease the ERM Burden. ZenGRC is an integrated software platform that can help you create and sustain your ERM program.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

DECEMBER 19, 2022

Include a method for workers to report compliance problems and fraudulent or illegal activities anonymously and without fear of reprisal. Set the expectation that workers would communicate proactively and in a timely way, whether it is to ask compliance questions, report difficulties, or address ethical concerns.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Reciprocity

AUGUST 24, 2022

Ongoing monitoring of vendor compliance activities assures alignment with your legal requirements because non-compliance with these regulations frequently carries steep fines. Business Continuity. Vendor business continuity affects your organization’s business continuity, and ultimately your reputation.

Management 52

Management Risk Management Cybersecurity Strategic 52

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. These activities must happen in 2024, because threat actors are in fact already targeting encrypted data, by taking a “steal and store now to decrypt later” approach. Upholding good cyber hygiene.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. These activities must happen in 2024, because threat actors are in fact already targeting encrypted data, by taking a “steal and store now to decrypt later” approach. Upholding good cyber hygiene.

Healthcare 52

Healthcare Security Cybersecurity Government 52