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Cyberrisk Management Tips for Businesses Amid the Russia-Ukraine War

Risk Management Monitor

According to experts ranging from independent cybersecurity professionals to officials at the Cybersecurity and Infrastructure Security Agency (CISA), organizations at greatest risk right now include critical infrastructure , banks and other financial services firms, and of course key service providers in Ukraine or Russia.

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The evolution of cyber crime

SRM

When money was held in bank vaults, criminals used ingenuity and cunning to steal cash and valuables. In addition, a full test and exercise strategy includes a thorough examination of your Business Continuity and Incident Response plans and can include policy reviews and a report full of suggested remedial actions.

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The Best Risk Management Courses on Udemy to Consider for 2021

Solutions Review

This is what I call risk management 1 – risk management for external stakeholders (Board, auditors, regulators, government, credit rating agencies, insurance companies and banks). None of these things have anything to do with proper risk management.

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Ransomware attack: Who ya gonna call, Mike?

Plan B Consulting

A while ago I was the Emergency Planning Manager for a large company, as they had many international travellers, travelling to all parts of the world. I was told about an organisation which had been attacked and the ransom was the exact amount the organisation had in their bank account when the attack occurred.

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Ransomware attack: Who ya gonna call, Mike?

Plan B Consulting

A while ago I was the Emergency Planning Manager for a large company, as they had many international travellers, travelling to all parts of the world. I was told about an organisation which had been attacked and the ransom was the exact amount the organisation had in their bank account when the attack occurred.

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Internal Controls & Fraud Prevention

Reciprocity

For instance, all sales receipts and bank account deposit preparations should be documented. This will allow authorized personnel to perform bank reconciliations and verify that the receipts were deposited into the bank, which reduces asset misappropriation or other types of fraud.

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45 World Backup Day Quotes from 32 Experts for 2023

Solutions Review

That is why it is so important to test your plans and recovery and make the business a large part of that effort to ensure something small doesn’t become an issue.“ Companies need to adhere to the law, govern data accordingly and have a recovery plan in place. Second, test your recovery scenarios.

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