Reciprocity

AUGUST 24, 2022

After acceptable risk levels have been established, evaluate vendors’ security performance — and if a vendor’s cybersecurity is too lax for your tastes, require that vendor to make improvements as necessary. The six risks listed below are a good place to start. Cybersecurity. Criteria for Setting KPIs Include: Compliance requirements.

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Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. Regular audits of the compliance program. The Consumer Financial Protection Bureau is a consumer protection agency that responds to consumer complaints. Compliance Audit. It typically covers everything, from evaluation and prevention to cooperation and enforcement. ” CFPB.

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Reciprocity

AUGUST 24, 2022

Not long ago, risk managers concerned themselves mainly with hazards such as fires and floods; or in the financial sector, loan defaults (credit risk). Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. Many Needs, One Solution.

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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. Third-party Risk Assessment.

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Healthcare Management Risk Management Vulnerability 52

Reciprocity

NOVEMBER 5, 2021

ERM also has financial benefits. Not only can an integrated risk management program save you money by avoiding business disruptions; it can also help your accounting team come audit time. This systematic, step-by-step, process involves risk identification , evaluation, and prioritization. Risk Assessment. Risk Response.

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Reciprocity

APRIL 4, 2022

A risk assessment evaluates all the potential risks to your organization’s ability to do business. Here are some others: Financial risk. Audit risk. Both are components within the larger whole known as risk management or risk evaluation. What Is a Risk Assessment? Credit risk. Compliance risk. Reputational risk.

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Reciprocity

MARCH 24, 2022

Internal Audits. Solid internal audit procedures limit the risk of fraud. Along with management reviews, internal audits are critical to assess existing anti-fraud controls and assure they remain effective and up-to-date. External Audits. It is a single source of truth that ensures your organization is always audit-ready.

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Reciprocity

AUGUST 17, 2022

They might evaluate the threat from, say, certain IT systems going off-line, or certain physical locations suddenly not available. For instance, emergency services or healthcare professionals may employ dynamic risk evaluations. Typically these risks are graded on a high-medium-low scale. Quantitative Risk Assessment.

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Reciprocity

OCTOBER 1, 2022

Managing risk, compliance, and audit processes is complex and resource intensive. Without a centralized platform, audit cycles are longer, visibility into overall risk posture is lacking, and reporting is inefficient.

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Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.

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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. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.

Healthcare 52

Healthcare Security Cybersecurity Government 52