Reciprocity

DECEMBER 21, 2022

If your company is a service organization and your customers trust you with their data, you may need to pass a SOC 2 (System and Organization Controls 2) audit. Compliance and certification are the goals of a SOC 2 audit. The SOC 2 compliance audit gives them that assurance. Develop a SOC 2 Audit Framework. What is SOC 2?

Audit 52

Audit Gap Analysis Security Cybersecurity 52

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. However, the evidence was inconclusive so their strategy continued unchanged.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

MARCH 24, 2022

Vendor risk management (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. Third-party risk management begins with due diligence before signing a contract, as with any risk management program.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

LogisManager

OCTOBER 12, 2021

What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. 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?”. What Is Risk Management?

Risk Management 52

Risk Management Management Insurance Insurance 52

Castellan

AUGUST 24, 2022

While attacks like SolarWinds help bring awareness to security risks associated with supply chains, most organizations still have a lot of ground to make up for supply chain risk assessments and risk management. It’s a challenge further heightened by a constantly evolving and expanding risk landscape as well.

Risk Management 52

Risk Management Management Audit Resilience 52

Fusion Risk Management

SEPTEMBER 1, 2021

In today’s world, where we have seen massive supply chain disruptions, data breaches, enforcement actions, and a stunning series of customer failures, the world of third-party risk management (TPRM) has never been under more scrutiny. Let’s examine what third-party risk management means. Risk Assessment.

Risk Management 52

Risk Management Management Outsourcing Fashion 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

Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. Factor analysis of information risk (FAIR) provides a common risk mitigation vocabulary to help you to address security practice weaknesses.

Risk Management 52

Risk Management Management Mitigation Strategic 52

LogisManager

JANUARY 4, 2022

Risk Management Approach for an Organization? There are many different terms for integrated risk management (IRM); GRC (governance, risk and compliance), as well as ERM (enterprise risk management) are two acronyms commonly used interchangeably with IRM. What is Integrated Risk Management?

Risk Management 52

Risk Management Management Activation Government 52

LogisManager

OCTOBER 19, 2023

Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy. What Changes Can Banks Expect When delving into some of the specific changes banks can expect to see, the frequency of risk appetite statements will come into focus.

Banking 98

Banking Corporate Governance Audit Risk Management 98

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. With strong Enterprise Risk Management (ERM), nearly 100% of all liabilities can be avoided. ERM fosters effective governance programs that identify and prevent system misconfigurations, poor patch management practices and weak password management.

Risk Management 64

Risk Management Management Authentication Hospitality 64

LogisManager

DECEMBER 5, 2023

Risk assessment involves identifying, evaluating, and prioritizing potential risks, while management is the proactive handling of these risks. Companies that prioritize risk management experience successful project completion and heightened productivity.

Risk Management 103

Risk Management Audit Impact Analysis Mitigation 103

Continuity Insights

DECEMBER 2, 2021

Continuity Insights has announced that Program Improvement Informed by Consultative Auditing will be the next educational topic in its educational webinar series. Change is constant affecting requirements for, and the capabilities of, your emergency management, business continuity, and crisis management. Register here.

Audit 28

Audit Consulting Crisis Management Education 28

LogisManager

DECEMBER 5, 2023

Risk assessment involves identifying, evaluating, and prioritizing potential risks, while management is the proactive handling of these risks. Companies that prioritize risk management experience successful project completion and heightened productivity.

Risk Management 52

Risk Management Audit Impact Analysis Evaluation 52

Solutions Review

SEPTEMBER 27, 2021

Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. With the platform, users can conduct internal audits, manage risks, optimize workflow efficiency, maintain SOX compliance, and manage controls. Fusion Risk Management.

Government 92

Government Audit Risk Management Hospitality 92

LogisManager

JULY 11, 2023

Conduct a Data Audit: Perform a comprehensive audit of the data your company collects, processes, stores, and shares. This audit will help you assess compliance gaps and develop strategies to address them. Familiarize yourself with the specific requirements and obligations imposed by these laws.

Audit 96

Audit Risk Management Mitigation Management 96

Pure Storage

MARCH 25, 2024

For example, in March 2024, the Federal Reserve Board announced updated risk management requirements for systemically important financial market utilities (FMUs) that provide critical clearing, payment, and other essential services. Audit and reporting: While OR regulatory programs in the U.S. link] ²“ U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

Solutions Review

SEPTEMBER 8, 2023

Two-thirds say securing backups and storage was addressed in recent external audits. What level of auditing do we expect? Once you define these baselines, it’s much easier for the storage admins to ensure they’re fully implemented, audited and monitored We also need to define threats and robust security protocols.

Financial Services 105

Financial Services Security Backup Audit 105

Fusion Risk Management

JANUARY 27, 2022

Without a dynamic and interactive approach, contract management can be one of the trickiest parts of third-party risk management. Without things like firm guidelines and centralized storage, companies can face costly errors in third-party risk management.

Management 52

Management Audit Risk Management Authorization 52

Reciprocity

DECEMBER 21, 2022

If using an ISO audit software tool to achieve ISO certification is on your compliance roadmap, here’s a quick primer to get you up to speed and jumpstart your ISO compliance efforts. The 27001 standard provides requirements for businesses to implement and operate an Information Security Management System, or ISMS.

Audit 52

Audit Gap Analysis Accreditation All-Hazards 52

LogisManager

SEPTEMBER 24, 2021

From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works. Bonus Material: Free Risk Assessment Template.

Risk Management 104

Risk Management Audit Evaluation Healthcare 104

Fusion Risk Management

AUGUST 17, 2021

Ask yourself one question: when is the last time I updated my third-party risk management policy and presented it to the board for approval? However, for the 1/3 that don’t, here are some helpful tips and notes: Scrutiny of third-party risk practices has never been greater.

Management 52

Management Audit Outsourcing Risk Management 52

LogisManager

MARCH 19, 2024

Cybersecurity Risk Management Best Practices In the era of remote work, businesses face unique cybersecurity challenges that require tailored risk management strategies. A risk-based approach to cybersecurity involves several key steps: Risk Identification: Document all potential threats and vulnerabilities.

Cybersecurity 59

Cybersecurity Risk Management Vulnerability Mitigation 59

Fusion Risk Management

JANUARY 5, 2023

Risk Management. To meet the DORA’s standards, firms must update their technology risk management governance. The updated framework requires firms to identify important business functions and dependent risks and map the TSP assets that run them. Supply Chain Management and Third-Party Risk.

Resilience 52

Resilience Financial Services Audit Outsourcing 52

LogisManager

JULY 11, 2023

Conduct a Data Audit: Perform a comprehensive audit of the data your company collects, processes, stores, and shares. This audit will help you assess compliance gaps and develop strategies to address them. Familiarize yourself with the specific requirements and obligations imposed by these laws.

Audit 52

Audit Risk Management Mitigation Management 52

LogisManager

MARCH 19, 2024

Cybersecurity Risk Management Best Practices In the era of remote work, businesses face unique cybersecurity challenges that require tailored risk management strategies. A risk-based approach to cybersecurity involves several key steps: Risk Identification: Document all potential threats and vulnerabilities.

Cybersecurity 52

Cybersecurity Risk Management Vulnerability Mitigation 52

LogisManager

JANUARY 16, 2024

These meetings allow your team to discuss your business’s risks and controls in greater detail from multiple perspectives. Workshops are an effective way to get each department on the same page and clearly outline the responsibilities of each sector relating to risk management and individual responsibilities.

Risk Management 52

Risk Management Mitigation Continual Improvement Audit 52

Fusion Risk Management

SEPTEMBER 12, 2022

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C. Contractual Obligations.

Resilience 52

Resilience Insurance Insurance Audit 52

Pure Storage

FEBRUARY 21, 2024

A plan to meet the regulatory requirements as well as an audit regime were required by June 2023 and a first audit must be completed by June 2024. Australia The Australian Prudential Regulation Authority (APRA) released CPS 230 – Operational Risk Management for consultation in July 2022.

Financial Services 59

Financial Services Resilience Audit Authorization 59

Reciprocity

DECEMBER 20, 2022

Learn the best way to complete an internal audit for your compliance management program. The Basics of Internal Audits. Internal audits assess a company’s internal controls, including its governance, compliance, security, and accounting processes. What Is the Purpose of an Internal Audit?

Audit 98

Audit Management Evaluation Activation 98

LogisManager

SEPTEMBER 21, 2021

Managers completed thousands of reviews at a time, one by one, and relied strictly on memory for completing them on time. In the short term, this left room for human error, missed deadlines and failed audits. Related Post: The Colonial Pipeline Hack: A Failure in Risk Management. Download our free guide to find out.

Healthcare 96

Healthcare Audit Pandemic Risk Management 96

Alternative Resiliency Services Corp

DECEMBER 10, 2019

Last-minute Compliance items and Audit remediations. ​Your Business Continuity, Risk Management and related programs can get side-tracked during the holiday rush. Note that an Assessment is different from an Audit. An Audit examines controls and measures a program to a documented standard. Closing the books.

Audit 130

Audit Outage Evaluation Business Continuity 130

Reciprocity

APRIL 4, 2022

GRC software solutions from the Reciprocity Product Suite make the complex task of cybersecurity much easier, as they: Streamline tasks; Measure and monitor compliance; Collect audit-trail evidence; and. A holistic view of the enterprise is essential to effective enterprise risk management. Streamlined Business Processes.

Audit 52

Audit Cybersecurity Risk Management Alert 52

LogisManager

DECEMBER 20, 2021

LOGICMANAGER’S Risk-Based Approach Taking a risk-based approach to running a business means preparing for tomorrow’s surprises today – within all areas of your organization. LogicManager is an enterprise risk management (ERM) platform, which means we help you do just that. LEARN MORE Report.

Audit 52

Audit Benchmark Mitigation Evaluation 52

Plan B Consulting

APRIL 17, 2023

Over the past couple of days, I have been thinking about the past few exercises with clients I have conducted, training sessions I have delivered, and a talk I have just delivered to MSc Risk Management students. The results can help an organisation fill gaps noted through the exercise and improve the incident team’s response.

Resilience 52

Resilience Business Continuity Risk Management Audit 52

LogisManager

DECEMBER 6, 2021

Work Smarter, Not Harder with Our AI Risk Management Tool We’re now offering AI generated insights for existing clients at no additional cost. NEW ARTIFICIAL INTELLIGENCE FEATURE. LogicManager’s “Taxonomy Insights” automatically suggests mitigations and regulations to save you valuable time and resources. REQUEST A DEMO.

Mitigation 59

Mitigation Audit Strategic Risk Management 59

LogisManager

APRIL 20, 2022

Diversity, Equity & Inclusion (DEI) Program Management LEARN MORE Categories: Solution Packages. Audit Resource Allocation LEARN MORE Categories: Solution Packages. IT Audit LEARN MORE Categories: Solution Packages. Audit Schedule LEARN MORE Categories: Solution Packages.

Audit 52

Audit Alert Evaluation Strategic 52