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The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

Our editors selected the best risk management software based on each solution’s Authority Score; a meta-analysis of real user sentiment through the web’s most trusted business software review sites and our own proprietary five-point inclusion criteria.

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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during an evaluation of Colonial Pipeline noted numerous known and preventable vulnerabilities, such as unpatched and outdated systems, that likely led to the security breach. About the Author: Steven Minksy. Data Governance.

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SIA New Member Profile: IXP Corporation

Security Industry Association

Our professional services team provides consulting services to local government agencies, universities and colleges, hospitals and health care systems and private commercial industry clients on business continuity planning, emergency management and public safety technology, governance and operations.

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What is Vendor Risk Management (VRM)? The Definitive Guide

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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. Periodically request and evaluate vendors’ SOC reports, business continuity and disaster recovery plans, and security documentation.

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What Does a Compliance Management System Look Like?

Reciprocity

Even institutions that don’t use social media should, “following a risk assessment … still consider the potential for negative comments or complaints that may arise within the many social media platforms described above, and, when appropriate, evaluate what, if any, action it will take to monitor for such comments and respond to them.”

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Internal Controls & Fraud Prevention

Reciprocity

So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? For example, all activities related to financial record-keeping, authorization, reconciliations, and reviews should be divided among different employees. Internal auditors can also search for fraud and mitigate potential damages.

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