Remove Evaluation Remove Insurance Remove Manufacturing Remove Outsourcing
article thumbnail

Tips for Managing Third-Party Risk in Health Care

Reciprocity

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.

article thumbnail

Important KPIs for Successful Vendor Management

Reciprocity

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Regardless of the industry (non-profit organizations, professional services companies, manufacturing, public sector, etc.), An added benefit to a more resilient organization will be lower insurance rates These are just a few examples. Insurance companies assess risks to determine the insurance premiums they will charge.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Regardless of the industry (non-profit organizations, professional services companies, manufacturing, public sector, etc.), Business insurance needs – some business interruption policies are requiring organizations to implement business continuity programs. manufacturing facilities). These are just a few examples.