Reciprocity

MARCH 24, 2022

So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? By 2019, fraud events cost businesses $5.127 trillion each year. Internal Audits. Solid internal audit procedures limit the risk of fraud. Internal auditors can also search for fraud and mitigate potential damages.

Audit 52

Audit Banking Activation Authorization 52

Reciprocity

AUGUST 24, 2022

Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. 2007-2012): Audit management, enterprise, and operational risk management, compliance beyond financial controls, and more. GRC 4.0: (2018-present): Automated GRC.

Risk Management 52

Risk Management Audit Insurance Insurance 52

LogisManager

MAY 9, 2023

This pattern demonstrates that these risk events are fully preventable with a quality ERM platform and associated ERM best practices as a cross-functional program. 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. This is GRC at its finest.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

DECEMBER 19, 2022

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. Set up a mechanism for monitoring and auditing. Importance of a Corporate Compliance Program.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

LogisManager

MAY 20, 2021

That’s why insurance premiums are increasing exponentially for those organizations that cannot provide evidence of an effective ERM program that has strong controls and a robust Incident Response program. To prevent liabilities when a business continuity event occurs, it’s critical to take a risk-based approach. Business Continuity.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Reciprocity

AUGUST 17, 2022

Understanding these risks can improve business practices and decision-making, and allow risk managers to implement wise risk mitigation and management controls. Operational risks stem from inadequate or failed internal procedures, employee errors, cybersecurity events, or external events such as a weather disaster. Human error.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

Authentication 142

Authentication Security Cybersecurity Government 142

Security Industry Association

APRIL 7, 2022

Strict privacy laws and regulations, such as the Health Insurance Portability and Accountability Act (HIPAA), are important considerations when deploying and financing security solutions in the health care sector. Unfortunately, the challenges do not end here. Protecting Patients and Privacy. 7 Health Care Security Essentials.

Hospitality 52

Hospitality Security Technology Alert 52

Solutions Review

MARCH 31, 2023

Surging ransomware threats elevate the importance of data privacy and protection through capabilities such as encryption and data immutability in object storage – capabilities that protect sensitive data and enable teams to get back to business fast in the event of such an attack.

Backup 119

Backup Disaster Recovery Application Security 119

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

Healthcare 59

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. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

Healthcare 52

Healthcare Security Cybersecurity Government 52

Solutions Review

JANUARY 25, 2023

Supply chain mapping will grow in importance in 2023 as it also helps in identifying concentration risk or compliance risk, allowing businesses to see the early warning signals, predict potential disruptions, identify supply chain bottlenecks and take proactive measures to mitigate risks, and maintain competitiveness.

Government 116

Government Backup Application Security 116

Stratogrid Advisory

JUNE 3, 2020

Regardless of their nature, weather-related events that cause havoc in our communities, pandemics that can wipe us out, or cyber-related incidents that can potentially shut-down our technology, these events require us to be more resilient. Insurance companies assess risks to determine the insurance premiums they will charge.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

Stratogrid Advisory

JUNE 3, 2020

Regardless of their nature, weather-related events that cause havoc in our communities, pandemics that can wipe us out, or cyber-related incidents that can potentially shut-down our technology, these events require us to be more resilient. The truth is that many organizations are not ready to deal with unexpected events.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52