article thumbnail

From Seed to Sale: Securing a Cannabis Operation Poses Unique Challenges

Security Industry Association

Like any business, a cannabis operation requires certain licenses, approvals and audits before opening the doors. While regulations and security requirements differ across states, almost all require some form of electronic alarm and surveillance system, along with audit trails, whether paper or electronic, that must be archived.

article thumbnail

Year in Review: Key Trends in Critical Event Management

everbridge

In the corporate sphere, retail giants responded with strategic investments in resilient infrastructure and diversification of supply chains to adapt to climate change impacts. This extended not only to health guidelines amid the ongoing pandemic but also included safety precautions and the provision of psychological support.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Risk Assessment vs Risk Analysis

Reciprocity

Risk can be affected by numerous external factors, including natural disasters, global pandemics, raw material prices, increased levels of competition, or changes to current government regulations. Audit risk. Workflow management features offer easy tracking, automated reminders, and audit trails. What Is a Risk Assessment?

article thumbnail

What Does a Compliance Management System Look Like?

Reciprocity

Regular audits of the compliance program. In June 2020, the OCC warned banks about compliance risks related to the COVID-19 pandemic. Compliance Audit. In addition to internal audits and supervision, this committee contributes to developing a compliance culture. Surveillance and Audits. Risk Evaluation.

article thumbnail

Why Buying SaaS GRC Software Is a Smart Investment

Reciprocity

Cloud-based solutions also make sense for GRC – especially in the context of the COVID-19 pandemic. Managing risk, compliance, and audit processes is complex and resource intensive. Without a centralized platform, audit cycles are longer, visibility into overall risk posture is lacking, and reporting is inefficient.

article thumbnail

The Difference Between Strategic and Operational Risk

Reciprocity

External events, such as natural disasters or pandemics. This comprehensive platform includes risk management, compliance, audit, and policy management capabilities to manage these critical tasks easily. System failures and downtime. Inadequately trained staff. Breakdown of business process controls. Cybersecurity. Other stakeholders.

article thumbnail

33 Data Privacy Week Comments from Industry Experts in 2023

Solutions Review

The pandemic accelerated the digitalization of customer interactions by several years, and there’s no turning back: we now live in an era of digital. Other approaches include using encryption, implementing strict access controls, and regular monitoring and auditing systems.