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

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. With strong Enterprise Risk Management (ERM), nearly 100% of all liabilities can be avoided. ERM fosters effective governance programs that identify and prevent system misconfigurations, poor patch management practices and weak password management.

Risk Management 64

Risk Management Management Authentication Hospitality 64

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

Fusion Risk Management

NOVEMBER 27, 2023

They also emphasize the need for organizations to strengthen their business continuity (BC) and operational resilience programs as well as prioritize agility to mitigate emerging threats and ensure compliance with global regulatory mandates. Another U.S. Now, other jurisdictions including the U.S.,

Resilience 52

Resilience Risk Management Financial Services Business Continuity 52

Fusion Risk Management

JANUARY 5, 2023

Operational resilience has been top of mind for regulators and financial services firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. Risk Management. Supply Chain Management and Third-Party Risk.

Resilience 52

Resilience Financial Services Audit Outsourcing 52

Fusion Risk Management

DECEMBER 12, 2022

While financial services firms as well as technology and data service providers are accelerating their journey due to new and evolving regulations, it does not change the fact that resilience is everyone’s job – no matter what industry you’re in. The Relationship with Third-Party Risk Management Needs Some Work.

Resilience 52

Resilience Financial Services Risk Management Business Services 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

Risk Management Monitor

MARCH 4, 2022

Concerns about escalating cyber activity around the crisis are a vivid reminder of the importance of knowing your threat model and adjusting your risk management priorities accordingly. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

Fusion Risk Management

DECEMBER 1, 2021

In the case of a financial services company, their critical vendor might be the core processor; for a manufacturing company, it might be their top supplier. During vendor risk assessments, there are numerous different types of rating scales that companies use on third parties.

Outsourcing 52

Outsourcing Alert Financial Services Outage 52

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

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

FS-ISAC

OCTOBER 13, 2023

This may not become “the” framework, as there are others like the NIST AI Risk Management Framework. AI Risks for Financial Services Organizations AI as a democratizer of talent and a tool for enhancing people’s skills can also extend the capabilities of threat actors.

Cybersecurity 69

Cybersecurity Financial Services Authentication Resilience 69

Fusion Risk Management

SEPTEMBER 12, 2022

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C.

Resilience 52

Resilience Insurance Insurance Audit 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

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

LogisManager

FEBRUARY 10, 2022

That’s why it’s more important than ever to ensure you’re taking the right steps to use it to your advantage, which all starts with strong risk management. In the banking industry, managing reputational risk is a complex and ongoing discipline. Just like any business, banks face a myriad of risks.

Banking 52

Banking Risk Management Strategic Evaluation 52

Fusion Risk Management

FEBRUARY 7, 2023

If you ask most resilience students or apprenticeship trainees what their ultimate career goal position might be, heading up the global resilience team for financial services market leaders would likely be high up there. However, once you have reached those lofty echelons, you have a massive challenge on your hands.

Financial Services 52

Financial Services Resilience Crisis Management Vulnerability 52

Fusion Risk Management

MAY 12, 2022

Pandemics were on national risk registers and scenario exercised with national agencies in the UK and US just a couple of years prior; Russia annexed Crimea in 2014, setting itself up to be able to effectively target a resource rich Ukraine; and in borrowing so much during lockdown, we couldn’t avoid a state of rising inflation this year.

Failover 52

Failover Resilience Crisis Management Mitigation 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.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Security Industry Association

MARCH 9, 2023

Operating any organization entails managing a variety of technology risks. These risks are associated with a wide range of threats, such as denial of service, insider behavior and data leakage. Consequences are even more severe in a regulated industry such as energy, healthcare, or financial services.

Marketing 111

Marketing Security Technology Risk Management 111

Reciprocity

AUGUST 15, 2022

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. Senior Management. Effective risk management.

Management 52

Management Audit Banking Risk Management 52

Reciprocity

MARCH 24, 2022

These findings (and many more) show that fraud is a widespread risk that can affect any organization, its business continuity, and its reputation. So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? Internal auditors can also search for fraud and mitigate potential damages.

Audit 52

Audit Banking Activation Authorization 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. Without a compliance program, a company is at far greater risk of legal violations that might bring monetary penalties and other painful punishments from law enforcement.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Plan B Consulting

OCTOBER 17, 2022

Emergency services. Financial services. The reporting to the CISA will not be a one-off reporting, as the bill sets out that supplemental reports must be provided when substantial new or different information becomes available, until the entity notifies CISA that the incident has concluded and been fully mitigated and resolved.

Banking 40

Banking Publishing Cybersecurity Security 40

Solutions Review

JANUARY 25, 2024

This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

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. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

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. Investing in systems and processes that grant you this visibility and training will help position generative AI as an aid for productivity in the workplace, and help mitigate data privacy concerns.

Healthcare 52

Healthcare Security Cybersecurity Government 52