Reciprocity

AUGUST 18, 2022

The two fundamental components of ERM are (1) the evaluation of significant risks, followed by (2) application of adequate responses. Passing or sharing the risk via insurance, joint venture, or another arrangement. Those responses to risk include: Acceptance of a risk. Prevention or termination of a risk.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

MARCH 28, 2022

The fundamental components of ERM are evaluating significant risks and applying adequate responses. Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by the Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size.

Risk Management 52

Risk Management Management Mitigation Strategic 52

LogisManager

MAY 9, 2023

They evaluate their vendor and partner communities to identify the third parties they depend on the most and map them to the business risks, controls, and testing that rely on them. Have you evaluated the risk that a venture capital-backed or equity-back vendor can bring to your organization? Imagine the contagion there.

Banking 98

Banking Risk Management Management Corporate Governance 98

Reciprocity

MARCH 24, 2022

For example, the Health Insurance Portability and Accountability Act (HIPAA) and the Payment Card Industry Data Security Standard (PCI DSS) , among others, require vendor compliance. Review the vendor’s financial statements. Here are some types of risks to look for. If not, your organization could face legal liabilities.

Risk Management 52

Risk Management Management Audit Cybersecurity 52

Castellan

DECEMBER 1, 2021

During the analysis, every area of the company should be evaluated to identify critical activities and dependencies that may not be immediately obvious. The Result Using the process above to analyze and evaluate the risk management options for an organization results in reliable and repeatable results.

Business Continuity 40

Business Continuity Management Activation Risk Management 40

Reciprocity

AUGUST 24, 2022

After acceptable risk levels have been established, evaluate vendors’ security performance — and if a vendor’s cybersecurity is too lax for your tastes, require that vendor to make improvements as necessary. The six risks listed below are a good place to start. Cybersecurity.

Management 52

Management Risk Management Cybersecurity Strategic 52

FS-ISAC

JUNE 12, 2023

Introducing the “FS Index” The Financial Services Threat Simulation Index (the “FS Index”) is a free, shared test plan for measuring threat resiliency and trending over time. The current test plan is 60 test cases mapped to 7 nation state threat actor groups most commonly targeting the financial services industry.

Benchmark 52

Benchmark Resilience Financial Services Alert 52

FS-ISAC

JUNE 12, 2023

Introducing the “FS Index” The Financial Services Threat Simulation Index (the “FS Index”) is a free, shared test plan for measuring threat resiliency and trending over time. The current test plan is 60 test cases mapped to 7 nation state threat actor groups most commonly targeting the financial services industry.

Benchmark 52

Benchmark Resilience Financial Services Alert 52

Reciprocity

SEPTEMBER 30, 2022

And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety. Third-party Risk Assessment.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. The Consumer Financial Protection Bureau is a consumer protection agency that responds to consumer complaints. It typically covers everything, from evaluation and prevention to cooperation and enforcement. Risk Evaluation. FDIC), a primary U.S. ” CFPB.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

AUGUST 24, 2022

Not long ago, risk managers concerned themselves mainly with hazards such as fires and floods; or in the financial sector, loan defaults (credit risk). Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. Many Needs, One Solution.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Reciprocity

AUGUST 17, 2022

They might evaluate the threat from, say, certain IT systems going off-line, or certain physical locations suddenly not available. For instance, emergency services or healthcare professionals may employ dynamic risk evaluations. Typically these risks are graded on a high-medium-low scale. Quantitative Risk Assessment.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Reciprocity

APRIL 4, 2022

A risk assessment evaluates all the potential risks to your organization’s ability to do business. Both are components within the larger whole known as risk management or risk evaluation. What Is a Risk Assessment? These include project risks, enterprise risks, control risks, and inherent risks.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Reciprocity

NOVEMBER 5, 2021

This systematic, step-by-step, process involves risk identification , evaluation, and prioritization. Management, in conjunction with the board of directors, must first establish the company’s mission and success metrics to ensure that those objectives align with the decided risk appetite. Risk Assessment. Risk Response.

Risk Management 52

Risk Management Management Audit Strategic 52

Reciprocity

OCTOBER 1, 2022

Ideally, a GRC solution should equip your security and compliance teams with a single, integrated experience that reveals information security risks across your enterprise.

Government 52

Government Risk Management Internet Audit 52

Reciprocity

MARCH 24, 2022

Internal auditors can also search for fraud and mitigate potential damages. These auditors must know how to assess fraud risk.

Audit 52

Audit Banking Activation Authorization 52

Solutions Review

FEBRUARY 1, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.

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. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.

Healthcare 52

Healthcare Security Cybersecurity Government 52