Reciprocity

DECEMBER 21, 2022

Rather than implementing controls as a checkbox activity, risk-driven organizations proactively choose controls that best mitigate their risks. Perform a Gap Analysis. You should implement controls to manage or mitigate risks identified in the risk assessment. Third, create a project plan and a project risk register.

Audit 52

Audit Accreditation Gap Analysis All-Hazards 52

Reciprocity

DECEMBER 21, 2022

Risk mitigation. Perform a SOC 2 Gap Analysis. Once you’ve completed your audit preparation, you should perform a gap analysis. While performing your SOC 2 gap analysis, you must select an audit firm to conduct your SOC 2. Risk assessment. Monitoring activities. Change management.

Audit 52

Audit Gap Analysis Security Cybersecurity 52

Solutions Review

SEPTEMBER 8, 2023

As such, the key to mitigating (and ideally neutralizing) that threat is to secure data in storage and backup. Please note: usually when the initial gap analysis is done (remember step 1), you end up with a long list of deviations. Ransomware is focused on data. Now’s the time to iron them out.

Financial Services 105

Financial Services Security Backup Audit 105

Fusion Risk Management

APRIL 27, 2023

Third-Party Risk Management Understanding which third parties play a critical role in your ability to deliver products or services is crucial so that you can prioritize efforts and mitigate issues as they arise.

Risk Management 52

Risk Management Gap Analysis Resilience Mitigation 52

Reciprocity

DECEMBER 27, 2022

A risk management program incorporates processes, tools, procedures, and resources to optimize the risk profile, create a risk-aware culture, and implement the right mitigation strategies to maintain business continuity and competitiveness. In addition, it offers a gap analysis feature so you can see what, if any, work remains.

Government 52

Government Audit Risk Management Disaster Recovery 52

Fusion Risk Management

JANUARY 5, 2023

While the methodology or framework for resilience may differ, the expectations are clear: businesses must adapt to the changing environment, mitigate potential impact, and continue to deliver important services to customers.

Resilience 52

Resilience Financial Services Audit Outsourcing 52

LogisManager

JANUARY 12, 2023

Conducting a gap analysis with a risk tolerance level will help you identify emerging risks before they rise out of tolerance and it becomes clear that certain mitigation activities are no longer sufficient. Testing of mitigation and control activities will be in place to ensure the effectiveness of the ERM program.

Acceptable Risk 52

Acceptable Risk Strategic Activation Mitigation 52