LogisManager

MAY 9, 2023

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. I predict by next year they too will conclude that it was a failure in risk management.

Banking 98

Banking Risk Management Management Corporate Governance 98

LogisManager

OCTOBER 12, 2021

What Is Risk Management? Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. Risk Management allows you to imagine tomorrow’s surprises today. However, implicit risk management is not enough to successfully operate a business.

Risk Management 52

Risk Management Management Insurance Insurance 52

Reciprocity

NOVEMBER 5, 2021

You must find ways to manage, mitigate, accept, or transfer these risks. Here’s where enterprise risk management (ERM) comes in. It helps you manage, minimize, and in some cases eliminate risks, to keep your organization safe and in business. ERM looks at risk management strategically and from an enterprise-wide perspective.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

AUGUST 18, 2022

Enterprise risk management (ERM) is critical for success in the modern business landscape. 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.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Fusion Risk Management

SEPTEMBER 12, 2022

Are you able to respond to and manage all of the SLAs (service-level agreements) that you’re required to adhere to contractually? . A bottom-up approach occurs when teams are issue spotting via speaking up about issues that they are encountering, control testing, or remediating audit findings. Contractual Obligations.

Resilience 52

Resilience Insurance Insurance Audit 52

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Pure Storage

FEBRUARY 21, 2024

The Impact of Data Sovereignty on Business Data sovereignty compliance can be a major factor in decisions on data management, data security, data residency, and even IT architecture and cloud vendor selection. For example, the Health Insurance Portability and Accountability Act (HIPAA) regulates protected health information (PHI).

Audit 52

Audit Insurance Insurance Architecture 52

Reciprocity

SEPTEMBER 30, 2022

Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management? The Need for Third-party Risk Management in Healthcare.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Solutions Review

SEPTEMBER 27, 2021

Description: Apptega is a cybersecurity and compliance management platform that makes it easy for users to access, build, manage, and report their cybersecurity and compliance programs. Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. Fusion Risk Management.

Government 92

Government Audit Risk Management Hospitality 92

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. 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. This will also uncover poor management of privileged user accounts.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Pure Storage

MARCH 25, 2024

FFIEC is an interagency body composed of the heads of the five federal banking agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau. link] ²“ U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

Reciprocity

AUGUST 24, 2022

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? Setting up metrics is essential for the success of your vendor risk management (VRM) program.

Management 52

Management Risk Management Cybersecurity Strategic 52

Reciprocity

DECEMBER 27, 2022

Managing all your governance, risk, and compliance (GRC) needs is no easy task. GRC is an integrated approach to managing the organization’s governance, IT and security risks, and regulatory compliance functions. The three pillars of a GRC program are governance, risk management, and compliance. Risk Management.

Government 52

Government Audit Risk Management Disaster Recovery 52

LAN Infotech

JUNE 1, 2021

What Are The Various Document Management Systems (Good/Bad) Used By Law Firms? Unfortunately, not all legal management systems out there are built to provide the same level of support that your law firm needs. Filevine is a highly configurable case management system that manages documents, communications, and even projects.

Management 52

Management Communications Audit Insurance 52

Reciprocity

AUGUST 24, 2022

The various niches of risk management have become a veritable alphabet soup of acronyms. As such risks proliferate and evolve, so do the ways to manage them. As a result, we now have: Enterprise risk management (ERM). Governance, risk management, and compliance (GRC). Integrated risk management (IRM).

Risk Management 52

Risk Management Audit Insurance Insurance 52

Online Computers

NOVEMBER 2, 2021

It has always been challenging for companies and individuals to stay compliant with the privacy standards of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). If it’s not possible to use MFA, then make sure you use strong passwords by using a password manager.

Internet 52

Internet Healthcare Insurance Insurance 52

Reciprocity

MARCH 24, 2022

Employees or senior management create fictitious revenues, understate revenues, hide liabilities, or inflate assets in financial statement fraud. Internal Audits. Solid internal audit procedures limit the risk of fraud. External Audits. It is a single source of truth that ensures your organization is always audit-ready.

Audit 52

Audit Banking Activation Authorization 52

Reciprocity

DECEMBER 19, 2022

Although corporate compliance can feel overwhelming at first, corporate compliance programs offer a sound foundation for business strategy and risk management. Effective compliance requires the support of senior management. Set up a mechanism for monitoring and auditing. What Is the Purpose of a Corporate Compliance Program?

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Reciprocity

APRIL 4, 2022

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. Audit risk. Formulation of Risk Management Actions. Here are some others: Financial risk.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Business Resilience Decoded

OCTOBER 7, 2021

Brian and Vanessa make the following additional points: • Small business owners should not assume their managed IT service providers will protect them from ransomware attacks or give assistance if attacks occur. Obscurity does not equal security. . Obscurity does not equal security. . LinkedIn: [link] • Disaster Recovery Journal: [link]

Disaster Recovery 36

Disaster Recovery Sports Audit Insurance 36

Business Resilience Decoded

OCTOBER 7, 2021

Brian and Vanessa make the following additional points: • Small business owners should not assume their managed IT service providers will protect them from ransomware attacks or give assistance if attacks occur. Obscurity does not equal security. LinkedIn: [link] • Book Mathews as a speaker: [link] • Asfalis Advisors: [link].

Disaster Recovery 36

Disaster Recovery Sports Audit Insurance 36

Business Resilience Decoded

OCTOBER 7, 2021

Brian and Vanessa make the following additional points: • Small business owners should not assume their managed IT service providers will protect them from ransomware attacks or give assistance if attacks occur. Obscurity does not equal security. LinkedIn: [link] • Book Mathews as a speaker: [link] • Asfalis Advisors: [link].

Disaster Recovery 36

Disaster Recovery Sports Audit Insurance 36

Reciprocity

JANUARY 12, 2023

This implies that the CCPA doesn’t apply if you manage a charity or another non-profit – but the answer is not quite that simple. Section 1798.150: Data security and breach management. Reciprocity’s ROAR Platform compliance and audit management solution leaves compliance-by-spreadsheet behind.

Audit 98

Audit Fashion Publishing Financial Services 98

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Nick Edwards, VP of Product Management at Menlo Security “The explosion of Generative AI use following the launch of ChatGPT in November 2022 has opened a world of new risks and data privacy concerns.

Authentication 142

Authentication Cybersecurity Security Government 142

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. To combat those threats, businesses need to develop digital risk management. More specifically, within digital risk management are the active measures that businesses can take to protect their assets: digital risk protection. Identification.

Mitigation 52

Mitigation Cybersecurity Malware Media 52

Reciprocity

OCTOBER 1, 2022

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. But they also need visibility into the various landscapes that make up the modern business environment.

Government 52

Government Risk Management Internet Audit 52

Fusion Risk Management

AUGUST 18, 2022

The regulation is intended to make compliance obligations less confusing and provide greater security for consumers by creating unified standards for third-party risk monitoring, performance, and auditing. . The DORA is landmark legislation that is the first of its kind that focuses on how regulated entities manage their ICT risk.

Resilience 52

Resilience Authorization Gap Analysis Risk Management 52

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. Managing Data. Unfortunately, the challenges do not end here. Protecting Patients and Privacy. Database Maintenance.

Hospitality 52

Hospitality Security Technology Alert 52

Prism International

JULY 26, 2019

Department of Health and Human Services issued the Privacy Rule to implement the requirements of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). For audit purposes, a copy of the certificate should be maintained in a Personnel file. One of the most effective ways to manage expectations is to.

Advertising 52

Advertising Marketing Audit Insurance 52

Security Industry Association

AUGUST 4, 2022

I taught the teachers how to use these systems, taught the principals how to manage these systems and instructed county employees on how to maintain these systems. Multiple shooter events around the country made me start thinking what can I do myself, and I decided to leverage all my experiences into a single personal effort. More is better.

Activation 98

Activation Security Architecture Mitigation 98

Solutions Review

DECEMBER 13, 2022

Data bias in machine learning models is one of the hottest topics in the AI industry for good reason; an AI model that rejects loan applications or increases insurance premiums for the wrong reasons will have a very deleterious effect. Data management. However, there is a lot of debate about whether those changes will be for the good.

Backup 98

Backup Application Government Security 98

Solutions Review

MARCH 31, 2023

To ensure protection against these threats, mandatory strategies now include offsite or air-gapped copies, which can be a headache to manage, or become obsolete over time. Efficient data backup drives innovation “Companies most adept at managing their multi-cloud storage are 5.3x

Backup 119

Backup Disaster Recovery Application Security 119

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. On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Plan B Consulting

NOVEMBER 1, 2019

For example, do we hold National Insurance Numbers, do we hold credit card numbers or not? What are the categories of the data you hold? How many of each data set do we hold?

Banking 52

Banking Internet Audit Insurance 52

Plan B Consulting

NOVEMBER 1, 2019

Our exposure to having operations impacted by a hack or infection to ransomware which could impact on our organisation, including: SCADA and other industrial control systems connected to the organisation’s network Integrated supply chain with third parties Internet of things (IoT) Internet connected building management systems.

Banking 52

Banking Internet Audit Insurance 52

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Nick Edwards, VP of Product Management at Menlo Security “The explosion of Generative AI use following the launch of ChatGPT in November 2022 has opened a world of new risks and 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. Nick Edwards, VP of Product Management at Menlo Security “The explosion of Generative AI use following the launch of ChatGPT in November 2022 has opened a world of new risks and data privacy concerns.

Healthcare 52

Healthcare Security Cybersecurity Government 52