Reciprocity

MARCH 28, 2022

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. Factor analysis of information risk (FAIR) provides a common risk mitigation vocabulary to help you to address security practice weaknesses.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Solutions Review

SEPTEMBER 30, 2021

The editors at Solutions Review highlight what’s changed since the last iteration of Gartner’s Magic Quadrant for IT Risk Management and provide an analysis of the new report. has released its 2021 Magic Quadrant for IT Risk Management. Read Gartner’s Magic Quadrant for IT Risk Management.

Risk Management 52

Risk Management Management Cybersecurity Marketing 52

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

CIO Governance

NOVEMBER 23, 2021

Compliance is a fact of life for just about every company — especially in highly regulated industries such as healthcare, financial services, and government. And while compliance is often under the mantel of legal, compliance, risk management, or other departments, IT is certain to be involved in any organization’s compliance efforts.

Financial Services 134

Financial Services Healthcare Risk Management Government 134

LogisManager

SEPTEMBER 21, 2021

The healthcare industry has dramatically transformed over the past year and half. One LogicManager client is a pharmaceutical company dedicated to moving the healthcare industry forward. Related Post: The Colonial Pipeline Hack: A Failure in Risk Management. Introduction. Download our free guide to find out.

Healthcare 96

Healthcare Audit Pandemic Risk Management 96

Risk Management Monitor

JUNE 25, 2021

Indeed, the recent Risk Management Magazine article “ Preparing for Biometric Litigation from COVID-19 ” addresses the imminent and critical questions businesses must answer when collecting and handling such data.

Government 74

Government Pandemic Risk Management Healthcare 74

LogisManager

SEPTEMBER 24, 2021

From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works. Bonus Material: Free Risk Assessment Template.

Risk Management 104

Risk Management Audit Evaluation Healthcare 104

Pure Storage

MARCH 25, 2024

Its broad mandate extends beyond financial markets to include areas such as energy infrastructure and healthcare systems. In general, their role is coordination and advisory, not regulation per se. NCS from the White House was released in the spring of 2023. Like nearly all efforts in the U.S., link] ²“ U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

Pure Storage

MAY 13, 2024

The Third-party Vector Risk From the hackers’ perspective, it’s easy to see the appeal of reaching targets indirectly through vendors and cloud providers. Cybercriminals know that big attractive targets like major financial services and healthcare organizations will have robust defenses around their own assets.

Audit 52

Audit Banking Benchmark Application 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

MHA Consulting

MARCH 23, 2023

By adhering to the council’s guidelines, companies can implement best practices for risk management, cybersecurity, data protection, and business continuity planning. The FFIEC standard can be found here, and it’s completely free. Does trying to meet the rigorous FFIEC standard make sense for every organization?

BCM 74

BCM Impact Analysis Business Continuity Banking 74

MHA Consulting

MARCH 21, 2024

Healthcare organizations are uniquely vulnerable to hackers and are subject to more than their share of cyberattacks. Related on MHA Consulting: Be Ransomware Resilient: Know How to Operate Manually A Healthcare System Under Attack Last month, the U.S. health care system in American history.” health care system in American history.”

Healthcare 52

Healthcare Hospitality Resilience Insurance 52

Reciprocity

NOVEMBER 5, 2021

For example, a breach in a healthcare facility with IoT devices could result in serious harm to patients. Your cyber risk insurance, however, may not cover this kind of damage. If you’re unsure if insurance is the right choice for you, there are other risk management measures you can explore.

Insurance 52

Insurance Insurance Management Internet 52

Reciprocity

AUGUST 24, 2022

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? What Are the Most Common Vendor Risks?

Management 52

Management Risk Management Cybersecurity Strategic 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. Your compliance program must develop standards and controls that respond to the risks you find. What Is the Purpose of a Corporate Compliance Program?

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Pure Storage

SEPTEMBER 5, 2023

Encryption is often considered a critical component of any cybersecurity and data protection plan (and is often mandated for healthcare, financial, and government institutions). Here’s an overview of encryption and how it can benefit financial organizations seeking compliance with the DORA framework.

Banking 52

Banking Travel Application Resilience 52

Solutions Review

SEPTEMBER 15, 2023

PCI and HITRUST are both great examples: If you are a healthcare organization that accepts credit cards, those controls overlap with each other to an extent, because at their core they use the same security compliance framework (an example would be NIST CSF).

Risk Management 64

Risk Management Government Management Disaster Recovery 64

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

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

Solutions Review

APRIL 21, 2022

Your people are both your first line of defense against cyber threats, and unfortunately when it comes to phishing, they can also be the biggest risk factor. In 2021, businesses in the U.S.

Media 40

Media Cybersecurity Retail Vulnerability 40

Reciprocity

SEPTEMBER 30, 2022

Data breaches against healthcare organizations affected more than 1 million people in 2020. The average total data breach cost in the same year was far higher in the healthcare industry ( $7.13 As one can see, the healthcare industry is one of the most attractive targets for cyber attackers and data thieves.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

Risk Management Monitor

DECEMBER 20, 2022

At a higher rate than in other states, healthcare providers in California and Florida are sometimes found billing for services that were never rendered, billing for more expensive services than were actually provided, ordering unnecessary tests or procedures, and providing kickbacks to referring physicians.

Insurance 40

Insurance Insurance Evaluation Hospitality 40

everbridge

AUGUST 12, 2022

To ensure traveling employees are kept safe, organizations must prepare their people for potential risks and keep them informed throughout their journey, providing further assistance and care if needed. The Importance of a Successful Travel Risk Management (TRM) Solution. Everbridge for Travel Risk Management.

Travel 64

Travel Risk Management Management Activation 64

LogisManager

JUNE 10, 2021

When the pandemic began, they pivoted and began contributing to PPE for healthcare workers and communities in need. Did you know that having a strong Enterprise Risk Management (ERM) program in place helps you inherently satisfy ESG requirements and ESG factors? ESG solutions.

Corporate Governance 52

Corporate Governance Government Risk Management Activation 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

everbridge

NOVEMBER 30, 2021

Implementation strategies should absolutely include risk management plans for your newly established digital environment. On-Demand: Ransomware Risk and Response. However, it does disproportionately affect some industries – notably healthcare, higher education, or those reliant on supply chains. million in 2020 to $9.23

Education 52

Education Healthcare Risk Management Pandemic 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 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

MHA Consulting

JANUARY 25, 2024

Other components include risk management, crisis management, operational resilience, supply chain resilience, and financial resilience, among others. Business resilience is an overarching concept with many components, one of which is traditional business continuity (with its BIAs and recovery plans).

BCM 95

BCM Business Continuity Resilience Outage 95

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

Erwood Group

MARCH 30, 2023

The bank’s leadership failed to implement effective risk management policies, which led to poor lending decisions. After the exit the risk committee doubled its meetings to 18, suggesting concern and knowledge of the bank’s position. Here are the multiple factors that led to the collapse of Silicon Valley Bank.

Banking 59

Banking Impact Analysis Risk Management Marketing 59

Security Industry Association

MARCH 9, 2023

Consequences are even more severe in a regulated industry such as energy, healthcare, or financial services. Thus, risk managers are inclined to take very seriously the potential exposure of adding anything new. Moreover, the organization cannot spend more than a certain amount to manage and control technology risks.

Marketing 111

Marketing Security Technology Risk Management 111

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

Reciprocity

OCTOBER 1, 2022

As organizations and businesses around the world and across industries migrate their IT to the cloud, C-suites are faced with a new dilemma for governance, risk management and compliance (GRC) solutions: cloud versus on-premise software. That’s time and money that might be better spent elsewhere.

Government 52

Government Risk Management Internet Audit 52

MHA Consulting

DECEMBER 8, 2022

We recently worked with a healthcare organization that used its BIA to tie each of its business processes to a strategic core service (e.g., Try a Dose of Risk Management The post More Than Meets the Eye: The Hidden Benefits of BC Planning appeared first on MHA Consulting. shared services, clinical, research, etc.)

BCM 52

BCM Outage Impact Analysis Disaster Recovery 52

Reciprocity

MARCH 24, 2022

To put this into perspective, it represents almost 70 percent of the $7.442 trillion the world spent on annual healthcare costs. Leverage ZenRisk to Mitigate Fraud Risk in Your Organization. Reciprocity ZenRisk can improve visibility into your risk environment. By 2019, fraud events cost businesses $5.127 trillion each year.

Audit 52

Audit Banking Activation Authorization 52

Erwood Group

JULY 7, 2022

You’ll want to address and raise risk awareness around the risks that the business faces as well as their impact on your business and operations. This is particularly important if you do not have a risk management team in place currently. One thing I want to add in this section is a brief statement on risk management.

Business Continuity 52

Business Continuity Impact Analysis Continuity Planning Communications 52