LogisManager

MAY 9, 2023

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.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. Regular audits of the compliance program. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. Compliance Audit. It typically covers everything, from evaluation and prevention to cooperation and enforcement. FDIC), a primary U.S.

Management 52

Management Audit Banking Risk Management 52

LogisManager

OCTOBER 12, 2021

Audit Management: Making sure that every business area within your organization is stacking up and improving accordingly. Internal process, compliance, IT and facility-driven audits are essential to reduce threats and ineffectiveness and keep your business thriving. What is a Risk Management Plan?

Risk Management 52

Risk Management Management Insurance Insurance 52

Reciprocity

APRIL 4, 2022

Risk can be affected by numerous external factors, including natural disasters, global pandemics, raw material prices, increased levels of competition, or changes to current government regulations. A risk assessment evaluates all the potential risks to your organization’s ability to do business. Audit risk. Credit risk.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

LogisManager

MAY 20, 2021

For example, a forensic finding made during an evaluation of Colonial Pipeline noted numerous known and preventable vulnerabilities, such as unpatched and outdated systems, that likely led to the security breach. The less prepared you are when responding to an incident, the more likely you’ll be forced into paying ransom.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Reciprocity

OCTOBER 1, 2022

Cloud-based solutions also make sense for GRC – especially in the context of the COVID-19 pandemic. 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.

Government 52

Government Risk Management Internet Audit 52

Reciprocity

AUGUST 17, 2022

External events, such as natural disasters or pandemics. 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. System failures and downtime. Cybersecurity.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52