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The Best Risk Management Software to Consider for 2021 and Beyond

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Description: Archer IT & Security Risk Management enables users to document and report on IT risks and controls, security vulnerabilities, audit findings, regulatory obligations, and issues across their technology infrastructure. Platform: Archer IT & Security Risk Management. Fusion Risk Management. Platform: HighBond.

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

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Evidence may include compliance certifications, penetration test reports, financial information, and on-site audits. Do your vendors comply with applicable regulations and industry standards? Conduct vendor audits. Perform Internal Audits. Here are some types of risks to look for.

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5 Steps to Implement Enterprise Risk Management (ERM)

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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. Passing or sharing the risk via insurance, joint venture, or another arrangement.

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

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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. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy.

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Are You Telling Your Clients Your Company is HIPAA Certified?

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Department of Health and Human Services issued the Privacy Rule to implement the requirements of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Be it a false advertisement or merely misinterpretation of the HIPAA guidelines applicable to a service provider in the RIM industry the company is not in itself certified.

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What Does a Compliance Management System Look Like?

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A compliance program helps a company to meet its legal requirements and to comply with applicable laws and regulations. The Federal Deposit Insurance Corp. Regular audits of the compliance program. Compliance Audit. It typically covers everything, from evaluation and prevention to cooperation and enforcement.

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Tips for Managing Third-Party Risk in Health Care

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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. Third-party Risk Assessment.