Remove Audit Remove Evaluation Remove Insurance Remove Security
article thumbnail

The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

Platform: Archer IT & Security Risk Management. Description: Archer IT & Security Risk Management enables users to document and report on IT risks and controls, security vulnerabilities, audit findings, regulatory obligations, and issues across their technology infrastructure. Fusion Risk Management.

article thumbnail

TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Ability to Procure Cyber Insurance. Contractual Obligations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Vendor Risk Management (VRM)? The Definitive Guide

Reciprocity

Concerns over information security and data privacy are driving this change, but so are laws. It encompasses controls for cybersecurity, information technology, data security, and business resiliency. For these, you may request evidence of the vendor’s own risk management, information security, and regulatory compliance efforts.

article thumbnail

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

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. Passing or sharing the risk via insurance, joint venture, or another arrangement. Risk Identification.

article thumbnail

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

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.

article thumbnail

What is MLOps and Why Do You Need It?

Advancing Analytics

Evaluate Phase. After a model has survived the ‘Explore Phase’ it needs to be effectively evaluated. One aspect that needs to be evaluated is if the model predictions offer enough business value. So, your model has been thoroughly evaluated and you wish to deploy it for the business or your consumers to use.

article thumbnail

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

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