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

MHA Consulting

FEBRUARY 15, 2024

An emerging hot topic in business continuity and risk management is the software known as a risk management information system (RMIS). An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them.

BCM 84

BCM Risk Management Mitigation Business Continuity 84

Risk Management Monitor

MAY 2, 2023

Murphy Ballroom in Atlanta’s Georgia World Congrees Center to welcome attendees and help them prepare for three days of risk management education, insight and networking. For this plan to work, it’s going to require contributions from everyone in the risk management community,” LaBranche said.

Risk Management 52

Risk Management Strategic Education Insurance 52

Risk Management Monitor

APRIL 11, 2022

SAN FRANCISCO—At today’s RISKWORLD 2022 opening ceremony and awards luncheon, RIMS recognized top risk management and insurance professionals with the society’s annual awards. Courtney Davis Curtis’ risk management philosophy is spot on,” said RIMS President Patrick Sterling.

Insurance 40

Insurance Insurance Risk Management Pandemic 40

MHA Consulting

MARCH 2, 2023

Strengthening these elements of basic infrastructure is an efficient way of reducing risk and improving resiliency. How to Manage Residual Risk Managing residual risk is not a project; it is an ongoing, cyclical process. Do not water down the message.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

MHA Consulting

MARCH 23, 2023

By adhering to the council’s guidelines, companies can implement best practices for risk management, cybersecurity, data protection, and business continuity planning. The FFIEC standard can be found here, and it’s completely free. Does trying to meet the rigorous FFIEC standard make sense for every organization?

BCM 74

BCM Impact Analysis Business Continuity Banking 74

Solutions Review

SEPTEMBER 27, 2021

AuditBoard also streamlines audit, risk, and compliance programs with an enterprise workflow engine purpose-built to automate interaction across those three lines. Enablon also allows users to establish, manage, and track Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) to better meet objectives. Navex Global.

Government 92

Government Audit Risk Management Hospitality 92

Erwood Group

OCTOBER 27, 2020

The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance. In some cases, we have seen providers work closely with the client to further mitigate risk by providing additional assistance and suggestions. Let’s look at each of these and others in more detail.

Business Continuity 59

Business Continuity Continuity Planning Insurance Insurance 59

MHA Consulting

AUGUST 24, 2023

For those with a suitable temperament and skill set, a career in risk management can be rewarding due to the field’s broad scope, consequential nature, and rising prominence. In this week’s post, we’ll look at what a risk manager does and the skills it takes to excel in this role. It’s a permanent ongoing activity.

Risk Management 90

Risk Management BCM Management All-Hazards 90

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. To combat those threats, businesses need to develop digital risk management. We can define that as the processes used to assess, monitor, and treat the risks that arise from the digital business processes that are so common today.

Mitigation 52

Mitigation Cybersecurity Malware Media 52

Solutions Review

APRIL 21, 2022

Your people are both your first line of defense against cyber threats, and unfortunately when it comes to phishing, they can also be the biggest risk factor. In 2021, businesses in the U.S.

Media 40

Media Cybersecurity Retail Vulnerability 40

Reciprocity

AUGUST 24, 2022

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?

Management 52

Management Risk Management Cybersecurity Strategic 52

Reciprocity

DECEMBER 19, 2022

Although corporate compliance can feel overwhelming at first, corporate compliance programs offer a sound foundation for business strategy and risk management. Provide staff education and training. The larger your organization grows, the more regulations and compliance burdens you encounter.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Reciprocity

NOVEMBER 5, 2021

The modern corporate organization faces a host of risks that can affect operational efficiency and regulatory compliance. Simple awareness is not enough to stay ahead of these risks. You must find ways to manage, mitigate, accept, or transfer these risks. Here’s where enterprise risk management (ERM) comes in.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

AUGUST 24, 2022

The various niches of risk management have become a veritable alphabet soup of acronyms. As a result, we now have: Enterprise risk management (ERM). Governance, risk management, and compliance (GRC). Integrated risk management (IRM). The advent of the digital age is partly to blame.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Reciprocity

SEPTEMBER 30, 2022

Third parties generate, manage, or hold this data, resulting in even more severe threats to healthcare organizations and their information security. This is why third-party risk management and healthcare data security are critical. What is Healthcare Vendor Risk Management? Notes on Vendor Access et. Access to PII.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Fusion Risk Management

MARCH 8, 2023

There was plenty of engagement from financial services organizations, technology and data service providers , and health insurance organizations. The post Customer Insights 2023: Fusion’s February Community Exchange Round Up appeared first on Fusion Risk Management. Interested in diving deeper into each of these sessions?

Financial Services 52

Financial Services Risk Management Application Resilience 52

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. The OCC also cautioned against interest rate risks, operational risks (again, heightened because of COVID-19), increased cybersecurity risks, compliance risks related to the Bank Secrecy Act (BSA), consumer compliance issues, and fair lending as areas of concern.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

DECEMBER 27, 2022

GRC is an integrated approach to managing the organization’s governance, IT and security risks, and regulatory compliance functions. The three pillars of a GRC program are governance, risk management, and compliance. Risk Management. Automate Vendor Risk Management. Governance.

Government 52

Government Audit Risk Management Disaster Recovery 52

Reciprocity

AUGUST 17, 2022

New technologies, increasing digitization, and evolving customer demands create risks that can disrupt operations, weaken cybersecurity, and harm the organization’s reputation or financial position – and above all, leave the organization unable to achieve its business objectives. Enterprise Risk Management (ERM).

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Reciprocity

APRIL 4, 2022

Although people often use the words “assess” and “analyze” interchangeably, the terms are not synonymous in risk management. A risk assessment forms the backbone of your overall risk management plan. Security risks aren’t the only type of risk that organizations face.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Erwood Group

JULY 7, 2022

One client recently obtained a $500 Million dollar increase in insurance coverage with zero increase in premium costs. This was done based on the Business Continuity Plans and Program developed after meeting with the insurance providers and providing details of the program and progress made.

Business Continuity 52

Business Continuity Impact Analysis Continuity Planning Communications 52

Reciprocity

OCTOBER 1, 2022

As organizations and businesses around the world and across industries migrate their IT to the cloud, C-suites are faced with a new dilemma for governance, risk management and compliance (GRC) solutions: cloud versus on-premise software. That’s time and money that might be better spent elsewhere.

Government 52

Government Risk Management Internet Audit 52

Reciprocity

MARCH 24, 2022

Leverage ZenRisk to Mitigate Fraud Risk in Your Organization. Reciprocity ZenRisk can improve visibility into your risk environment. ZenRisk streamlines your anti-fraud and fraud risk management program by documenting internal controls, regulatory requirements, and audit records.

Audit 52

Audit Banking Activation Authorization 52

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Visibility into AI tools is critical, and enterprises should have solutions in place that monitor how they’re being both trained and used while educating employees on best practices for safe and ethical use.

Authentication 142

Authentication Security Cybersecurity Government 142

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Visibility into AI tools is critical, and enterprises should have solutions in place that monitor how they’re being both trained and used while educating employees on best practices for safe and ethical use.

Healthcare 59

Healthcare Security Cybersecurity Government 59

Solutions Review

JANUARY 28, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Visibility into AI tools is critical, and enterprises should have solutions in place that monitor how they’re being both trained and used while educating employees on best practices for safe and ethical use.

Healthcare 52

Healthcare Security Cybersecurity Government 52

Solutions Review

JANUARY 25, 2023

New systems will be a collection of smaller applications working harmoniously for better risk management and future outlook. The number one issue when it comes to data privacy is the lack of education and guidance for an organization’s team. Gone are the days when we implemented large ERP-like systems.

Government 116

Government Backup Application Security 116