Fusion Risk Management

SEPTEMBER 12, 2022

Yes, there are some aspects of technology and data protection that fall within the parameters of privacy and cybersecurity laws. There are even emerging regulatory requirements on the horizon such as the Digital Operational Resilience Act (DORA) that will extend regulatory reach to some technology and data service providers.

Resilience 52

Resilience Insurance Insurance Audit 52

Reciprocity

DECEMBER 19, 2022

When your business does commit misconduct or suffers some unfortunate incident (say, a cybersecurity breach), regulators will examine your compliance program to see whether the business was making a good-faith effort to avoid those events. 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

So it is for houses and buildings – and the same principle is just as true for cybersecurity. Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. 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

LogisManager

MAY 9, 2023

Here is why: In my 18 years as CEO of LogicManager, I have observed a pattern that for every corporate mishap, cybersecurity breach, corporate fraud, or non-compliance finding, experts within the company attempted unsuccessfully to escalate their concerns six months or more prior to the mishap. This is GRC at its finest.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

AUGUST 24, 2022

As you bring new vendors into your organization’s orbit, you will need assurance that those third parties continuously comply with the cybersecurity controls outlined in the service level agreements you’ve established. Cybersecurity. Begin by determining your organization’s tolerance for cybersecurity risk.

Management 52

Management Risk Management Cybersecurity Strategic 52

LogisManager

MAY 20, 2021

This is especially important when considering the additional scrutiny and cost of SOC II and regulatory audits that are based largely on the strength of an organization’s ERM program. By preventing human error, you’ll keep your organization better protected from cybersecurity threats and negligence, and ultimately better prepared for success.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Reciprocity

MARCH 28, 2022

Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

AUGUST 18, 2022

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. Workflow management features offer easy tracking, automated reminders, and audit trails.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

DECEMBER 27, 2022

This allows you to strengthen cybersecurity, reduce uncertainty, cut costs, and improve business decision-making. Risk management refers to a holistic framework that allows the organization to identify, assess, control, and minimize all its risks: financial, reputational, regulatory, strategic, operational, transactional, and cybersecurity.

Government 52

Government Audit Risk Management Disaster Recovery 52

Reciprocity

APRIL 4, 2022

Security risk assessments are essential not just for cybersecurity but also for regulatory compliance. Here are some others: Financial risk. Audit risk. Instead of using spreadsheets for your risk management strategies, adopt Reciprocity ZenRisk to streamline evidence and audit management for all of your compliance frameworks.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Reciprocity

AUGUST 15, 2022

But as more companies use technology across all parts of the enterprise and more compliance requirements focus on cybersecurity, IT security is becoming an increasingly central part of the CMS. Regular audits of the compliance program. Compliance Audit. Surveillance and Audits. So how does a modern CMS program operate?

Management 52

Management Audit Banking Risk Management 52

Reciprocity

NOVEMBER 5, 2021

There are many different types of risks, such as operational risks, financial risks, or strategic risks; as well as others including reputational, regulatory, or cybersecurity risk. ERM also has financial benefits. It also streamlines the audit process, so you can save time and money and improve audit outcomes.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

SEPTEMBER 30, 2022

Such valuable data creates immense cybersecurity risks in healthcare. The pain is felt by the healthcare organization when a vendor has an outage because of ransomware or another cybersecurity intrusion. Despite HIPAA regulations, cybersecurity attacks and data breaches targeting healthcare remain a severe and increasing threat.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Reciprocity

AUGUST 24, 2022

2002-2007): Financial reporting, Sarbanes-Oxley Act (SOX) compliance, and their related IT controls. 2007-2012): Audit management, enterprise, and operational risk management, compliance beyond financial controls, and more. Rasmussen sees the GRC development timeline as follows: GRC 1.0 GRC 4.0: (2018-present): Automated GRC.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Reciprocity

AUGUST 17, 2022

New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or financial position – and above all, leave the organization unable to achieve its business objectives. Cybersecurity events, such as data breaches.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. ” Eric Scwake, Director of CyberSecurity Strategy at Salt Security “Data Privacy Weeks allows organizations of all sizes to reflect on their critical data and assess ways to ensure its safety and security.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. ” Eric Scwake, Director of CyberSecurity Strategy at Salt Security “Data Privacy Weeks allows organizations of all sizes to reflect on their critical data and assess ways to ensure its safety and security.

Authentication 142

Authentication Cybersecurity Security Government 142

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. ” Eric Scwake, Director of CyberSecurity Strategy at Salt Security “Data Privacy Weeks allows organizations of all sizes to reflect on their critical data and assess ways to ensure its safety and security.

Healthcare 52

Healthcare Security Cybersecurity Government 52