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An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

It is also comprehensive, covering all phases of the BCM program lifecycle, including risk assessment, business impact analysis, crisis management, cyber response, strategy development, plan development, testing, and maintenance. The FFIEC standard can be found here, and it’s completely free.

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Data Privacy Officer Responsibilities

Solutions Review

They collaborate with legal teams to navigate complex legal frameworks and mitigate potential risks. Managing Data Subject Requests: As the primary point of contact for data subjects, the Data Privacy Officer handles data subject requests regarding access, rectification, erasure, and restriction of personal data processing.

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Important KPIs for Successful Vendor Management

Reciprocity

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? What Are the Most Common Vendor Risks?

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A Guide to Completing an Internal Audit for Compliance Management

Reciprocity

Regular internal audits help your organization to evaluate and improve the effectiveness of risk management, control, and governance processes. Compliance risks, however, are just one category of risk that internal auditors monitor to evaluate the effectiveness of your organization’s risk management process.

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Leveraging Technology to Foster Effective Compliance Programs

Fusion Risk Management

Define Policy and Procedures – Once you have identified your key risk areas and clearly determined your areas of compliance, you should then design and implement policy and procedure. Continuous Improvement – Remember, your compliance program is never complete; rather, it is an ongoing process requiring continuous iteration and innovation.

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Business Continuity is NOT a Data Backup

Stratogrid Advisory

Organizational resilience is a discipline, and there is no single approach to improve it or enhance it. Many business management disciplines, including Business Continuity Management (BCM) and Operational Risk Management (ORM), contribute to continuous improvement and safeguards of the organization’s resources and strategic goals.

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Business Continuity is NOT a Data Backup

Stratogrid Advisory

Organizational resilience is a discipline, and there is no single approach to improve it or enhance it. Many business management disciplines, including Business Continuity Management (BCM) and Operational Risk Management (ORM), contribute to continuous improvement and safeguards of the organization’s resources and strategic goals.