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

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For instance, banks and insurance carriers with robust ERM programs realize that investment research consultants and credit rating agencies, although they may have a relatively small spend, can have a significant impact on their investment portfolios if conflicts of interest, bias, or fraud go undetected. This is GRC at its finest.

Banking 98
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Data Privacy Week 2024: The Definitive Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Vulnerability Vigilance: Regularly scan your APIs for vulnerabilities and patch them promptly. A risk assessment shows organizations what their architecture looks like, their vulnerabilities, and more.

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What Is Risk Management?

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This involves tracking your company’s technological resources, making sure their vulnerabilities are under control and creating policies and procedures that are compliant with today’s evolving regulations. Audit Management: Making sure that every business area within your organization is stacking up and improving accordingly.

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The Colonial Pipeline Hack: Failure in Risk Management

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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during an evaluation of Colonial Pipeline noted numerous known and preventable vulnerabilities, such as unpatched and outdated systems, that likely led to the security breach.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.

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Data Privacy Awareness Month 2024: Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Vulnerability Vigilance: Regularly scan your APIs for vulnerabilities and patch them promptly. A risk assessment shows organizations what their architecture looks like, their vulnerabilities, and more.

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Data Privacy Day 2024: The Definitive Roundup of Expert Quotes

Solutions Review

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Vulnerability Vigilance: Regularly scan your APIs for vulnerabilities and patch them promptly. A risk assessment shows organizations what their architecture looks like, their vulnerabilities, and more.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Note : Some sections of this article were previously published in our blog archives. An added benefit to a more resilient organization will be lower insurance rates These are just a few examples. Insurance companies assess risks to determine the insurance premiums they will charge.