Remove Application Remove Audit Remove Hazard Remove Retail
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Strategies for Digital Risk Protection

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Any hazards associated with cloud architectural changes, the use of new platforms such as IoT devices, or new IT systems can lead to digital risk. Restrict employees from downloading non-approved applications (also known as “shadow IT”) to organizational devices. Technology. Compliance.

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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. Identified risks are analyzed to assess both their likelihood and hazard potential. Risk Assessment.

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Risk Assessment vs Risk Analysis

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This includes potential threats to information systems, devices, applications, and networks. Audit risk. Various types of hazards must be considered. After identifying hazards and risks, consider how they are harmful and the possible outcomes. Here are some others: Financial risk. Credit risk. Compliance risk. Legal risk.

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IRM, ERM, and GRC: Is There a Difference?

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For example, retail is now “e-tail,” manufacturing plants are increasingly automated, and nearly every step of the hiring and contracting process happens online, from application to background checks to payroll. Users and application systems receive accurate, consistent, and verifiable information. Which is best?