Remove Audit Remove Education Remove Gap Analysis Remove Mitigation
article thumbnail

The Most Overlooked Security Issues Facing the Financial Services

Solutions Review

As such, the key to mitigating (and ideally neutralizing) that threat is to secure data in storage and backup. Two-thirds say securing backups and storage was addressed in recent external audits. Education The first step is to understand the capabilities of your storage and backup devices. What level of auditing do we expect?

article thumbnail

Choosing a Governance Risk and Compliance Tool: Constant Vigilance

Reciprocity

A risk management program incorporates processes, tools, procedures, and resources to optimize the risk profile, create a risk-aware culture, and implement the right mitigation strategies to maintain business continuity and competitiveness. It also helps align internal audit, external audit, and compliance functions.

article thumbnail

5 Steps To Developing A Corporate Compliance Program

Reciprocity

More broadly, a corporate compliance program reinforces a company’s commitment to mitigating fraud and misconduct at a sophisticated level, aligning those efforts with the company’s strategic, operational, and financial goals. Provide staff education and training. Set up a mechanism for monitoring and auditing.

Audit 52