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Ongoing Monitoring with a Complaint Focus

Fusion Risk Management

Third-party risk management is one step removed – you’ve outsourced an activity, and you’re now relying on your third party to manage the complaints. During due diligence, a company can evaluate adverse news reports, Better Business Bureau reports, and internet resources like Yelp and RipOff Report in addition to the CFPB database.

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IT Disaster Recovery Planning – No worries, we have a backup!

Stratogrid Advisory

Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 3 minutes When asked about their organization’s IT Disaster Recovery (ITDR) plans, some will smile and say, “Yes, we have a backup and it is fully outsourced.” Some functions may have manual workarounds, but many tasks cannot be performed without the available IT systems.

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IT Disaster Recovery Planning – No worries, we have a backup!

Stratogrid Advisory

When asked about their organization’s IT Disaster Recovery (ITDR) plans, some will smile and say, “Yes, we have a backup and it is fully outsourced.” For example, there may be a way to manually process payments if the need arises, but there is no way to respond to customer e-mails without access to the Internet.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Contact information (Organizational chart ) - A responsibility of the Talent Management (HR) department (internal contacts), IT department (outsourced applications contacts) and vendor management department. Examples of IT options are: secondary data centres, migration to cloud-based services, or outsourcing part of IT operations.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Contact information (Organizational chart ) - A responsibility of the Talent Management (HR) department (internal contacts), IT department (outsourced applications contacts) and vendor management department. The development of a business continuity strategy will require a high level of support from the internal or outsourced IT organization.

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33 Data Privacy Week Comments from Industry Experts in 2023

Solutions Review

On top of that, these suppliers themselves outsource their material to second-tier suppliers. With hybrid work becoming the new normal and the increasing demand for Internet of Things (IoT) devices, the traditional approaches to cybersecurity and data protection are no longer sufficient.