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The Colonial Pipeline Hack: Failure in Risk Management

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Colonial Pipeline Hack: Failure in Risk Management. In recent years, these attacks have affected everyone from banks and hospitals to universities and municipalities; almost 2,400 organizations in the United States were victimized last year alone. Risk Assessments & User Access Reviews. Colonial Pipeline, a major U.S.

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Customer Value Story: Prevention is Better Than Cure

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The pandemic has disrupted operating models of businesses across the globe. We have over 15 years of experience under our belt of helping customers avoid all sorts of risks and scandals. On top of these unknowns, there were also the uncertainties of the pandemic to account for. Introduction. Download our free guide to find out.

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What Does a Compliance Management System Look Like?

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An effective compliance management system, the FDIC continues, typically includes: Board and management oversight; The compliance program itself; and. Regular audits of the compliance program. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. Compliance Audit.

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Risk Assessment vs Risk Analysis

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Although people often use the words “assess” and “analyze” interchangeably, the terms are not synonymous in risk management. A risk assessment forms the backbone of your overall risk management plan. Risks are not always the fault of the business. What Is a Risk Assessment?

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The Difference Between Strategic and Operational Risk

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New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or financial position – and above all, leave the organization unable to achieve its business objectives. Enterprise Risk Management (ERM).

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Why Buying SaaS GRC Software Is a Smart Investment

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As organizations and businesses around the world and across industries migrate their IT to the cloud, C-suites are faced with a new dilemma for governance, risk management and compliance (GRC) solutions: cloud versus on-premise software. Managing risk, compliance, and audit processes is complex and resource intensive.