MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss? Second, using the risk maturity model pays.

Resilience 52

Resilience Risk Management Mitigation BCM 52

Reciprocity

AUGUST 18, 2022

Passing or sharing the risk via insurance, joint venture, or another arrangement. Mitigating or reducing the risk by internal controls or other risk-prevention measures. 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

Reciprocity

MARCH 28, 2022

The reactions to risk include: Acceptance or toleration of a risk; Prevention or termination of a risk; Passing or sharing the risk via insurance, joint venture, or another arrangement; Mitigating or reducing the risk by internal control procedures or other risk-prevention measures. ERM’s Ultimate Objective.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Online Computers

DECEMBER 21, 2023

But it can have a significant impact on your business’s bottom line in the following ways: Security risks Unsanctioned software and hardware may not meet the necessary security measures and standards of your organization, leading to vulnerabilities. Addressing these needs and finding safe alternatives can help mitigate the risks.

Healthcare 52

Healthcare Malware Mitigation Hazard 52

Pure Storage

MARCH 21, 2024

The multinational health insurance and services company has been knee-deep in this nightmare since its technology unit, Change Healthcare, was targeted by the BlackCat/ALPHV ransomware affiliate in late February. But they need to be next-generation solutions if you want to mitigate every potential risk and be as resilient as possible.

Healthcare 76

Healthcare Hospitality Architecture Cybersecurity 76

Reciprocity

SEPTEMBER 30, 2022

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.

Healthcare 52

Healthcare Management Risk Management Vulnerability 52

CCEM Strategies

MAY 11, 2023

Recovering from flooding can be challenging, particularly as insurance coverage may be limited, extraordinarily costly, or unavailable depending on the type of flooding (i.e., This information can then be used to develop effective flood preparedness plans and mitigation strategies, such as building dikes or improving drainage systems.

All-Hazards 52

All-Hazards Hazard Natural Hazard Transportation 52

Reciprocity

APRIL 4, 2022

Hence cybersecurity risk management is crucial to prevent and mitigate cyber threats. Digital risk protection is a cyber risk management strategy consisting of two main components: Identifying risks and threats, and then mitigating them. Vulnerabilities. Mitigation. How do you know which mitigation measures to implement?

Mitigation 52

Mitigation Cybersecurity Malware Media 52

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

Reciprocity

APRIL 4, 2022

A risk analysis is conducted for each identified risk, and security controls are pinpointed to mitigate or avoid these threats. Implement controls and risk response plans to prevent and mitigate risk. You can use mitigations or controls to reduce a risk’s potential impact, velocity, and severity scores. Medium Priority.

All-Hazards 95

All-Hazards Mitigation Risk Management Hazard 95

Security Industry Association

AUGUST 4, 2022

It’s important to promote a safe learning environment for every student and protect the teachers, staff and visitors in our schools, and SIA appreciates the many talented security professionals who are working diligently each day to enhance the safety and security of our schools and mitigate active shooter threats. More is better.

Activation 98

Activation Security Architecture Mitigation 98

Security Industry Association

SEPTEMBER 9, 2022

Comprehensive security program development continues to lag when it comes to drone threat assessments and risk mitigation action. Public space is more vulnerable to a myriad of threats posed by commercial drones. The first-person view capability is a great example. What can and should the federal government do?

Government 98

Government Marketing Technology Authorization 98

Pure Storage

MARCH 21, 2022

Their skills should include vulnerability diagnostics, digital forensics, the ability to analyze memory dumps and malware, and the ability to use analysis tools to perform a correlation analysis of security events. Pure Storage® SafeMode TM snapshots are critical to mitigating and recovering from a ransomware attack.

Emergency Response 87

Emergency Response Emergency Response Backup Outsourcing 87

Pure Storage

MARCH 21, 2024

2024 has already seen ransomware gangs targeting health insurance and services companies and profiting from their exploits. Increase visibility Take an inventory of your assets and potential points of entry, so you know what you have and why, and what might be vulnerable. This activity is not unexpected.

Healthcare 52

Healthcare Architecture Hospitality Cybersecurity 52

Pure Storage

SEPTEMBER 16, 2021

In this article I’ll start with the before of an attack and discuss what you should do and have in place to ensure you’re closing the gaps that create vulnerabilities and in-roads for attackers. They will learn if you have cybersecurity insurance, where from, and how much it’s for. Other Vulnerabilities to Note.

Security 95

Security Vulnerability Malware Authentication 95

Plan B Consulting

MAY 16, 2023

Added to this the constant environmental issues and suppliers collapses it is clear that supply chain vulnerability has rarely been seen as such a threat. To succeed, a proactive approach is required to ensure that many supply chain risks can be identified, or potentially mitigated before they become a crisis.

Fashion 52

Fashion Business Continuity Risk Management Insurance 52

LogisManager

OCTOBER 12, 2021

Once you have assessed these risks you will want to create a plan for risk mitigation and risk monitoring so that you are in control of potential threats. An independent research study, “ The Valuation Implications for Enterprise Risk Management Maturity ,” was published in the prestigious Journal of Risk and Insurance.

Risk Management 52

Risk Management Management Insurance Insurance 52

Pure Storage

JULY 17, 2023

According to the strategy, investing in a resiliency architecture means: Reducing vulnerabilities in foundational technology—including critical infrastructure such as storage, which should be capable of tiered backups, immutable snapshots, and fast recovery times. It’s the best way to have every chance at recovering after a security event.

Cybersecurity 92

Cybersecurity Resilience Architecture Backup 92

Online Computers

NOVEMBER 28, 2022

If your New Jersey business handles protected health information (PHI), then it should comply with the Health Insurance Portability and Accountability Act of 1996 (HIPAA). As part of HIPAA compliance, covered entities are required to regularly assess their risks and put strategies in place to mitigate them.

Healthcare 52

Healthcare Insurance Insurance Vulnerability 52

Pure Storage

DECEMBER 6, 2021

Continue forensics efforts and work in tandem with the proper authorities, your cyber insurance provider, and any regulatory agencies. If your service providers say they have remedied vulnerabilities, ask for verification this has occurred. . Without these, other business applications may not come back online or function correctly.

Insurance 72

Insurance Insurance Authorization Malware 72

LogisManager

MAY 9, 2023

For instance, banks and insurance carriers with robust ERM programs realize that investment research consultants and credit rating agencies, although they may have a relatively small spend, can have a significant impact on their investment portfolios if conflicts of interest, bias, or fraud go undetected.

Banking 98

Banking Risk Management Management Corporate Governance 98

FS-ISAC

MAY 25, 2021

A cyberattack can not only result in an operational disruption, but also customer losses, an increase in insurance premiums, lawsuits or fines, credit downgrades, and reputational damage. So, one key area of managing non-financial risk is a diligent patching program for our infrastructure that stays on top of emerging vulnerabilities.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

Pure Storage

AUGUST 22, 2022

There are many options out there today and it’s important to vet your choice, have it on retainer, and validate it with your insurance company. Choosing the right incident response (IR) team is also a critical part of your preparation strategy. Make Pure Storage Part of Your Ransomware Strategy.

Backup 111

Backup Malware Architecture Resilience 111

Reciprocity

AUGUST 24, 2022

Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. You’ll think ahead, anticipating new risks down the road and your organization’s risk response: accept, avoid, transfer, mitigate. Many Needs, One Solution.

Risk Management 52

Risk Management Audit Insurance Insurance 52

LogisManager

MAY 20, 2021

For example, a forensic finding made during an evaluation of Colonial Pipeline noted numerous known and preventable vulnerabilities, such as unpatched and outdated systems, that likely led to the security breach. The less prepared you are when responding to an incident, the more likely you’ll be forced into paying ransom. Data Governance.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Solutions Review

SEPTEMBER 9, 2021

Description: Archer IT & Security Risk Management enables users to document and report on IT risks and controls, security vulnerabilities, audit findings, regulatory obligations, and issues across their technology infrastructure. Users can also connect their risks to mitigating controls to show how their organization treats its threats.

Risk Management 98

Risk Management Management Audit Hospitality 98

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

DECEMBER 13, 2022

Data bias in machine learning models is one of the hottest topics in the AI industry for good reason; an AI model that rejects loan applications or increases insurance premiums for the wrong reasons will have a very deleterious effect. ” More edge devices mean more vulnerabilities. And there are other concerns.

Backup 98

Backup Application Government Security 98

Solutions Review

JANUARY 25, 2023

Supply chain mapping will grow in importance in 2023 as it also helps in identifying concentration risk or compliance risk, allowing businesses to see the early warning signals, predict potential disruptions, identify supply chain bottlenecks and take proactive measures to mitigate risks, and maintain competitiveness.

Government 116

Government Backup Application Security 116

Risk Management Monitor

SEPTEMBER 1, 2022

In the age of COVID-19, businesses are more vulnerable than ever. Organizations should have a plan for employees if they fall victim to a scam or notice something unusual so IT or information security professionals can solve the issue as quickly as possible and mitigate the damage.

Cybersecurity 58

Cybersecurity Threat Monitoring Malware Security 58

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

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. Compliance. Centralized Policies, Controls, and Results. Improved Coordination. Create a Strategy.

Government 52

Government Audit Risk Management Disaster Recovery 52

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. While it’s easy to assume that a CMS focuses on how your financial institution protects customers and avoids money laundering, market transactions are increasingly digital, using technologies vulnerable to unauthorized access. FDIC), a primary U.S. Compliance Program. Who Needs to Be Involved?

Management 52

Management Audit Banking Risk Management 52

Solutions Review

MARCH 31, 2023

With that said, it’s critical for today’s leaders to understand and recognize the need to move away from legacy backup solutions, and instead focus on building proactive resiliency architectures supported by modernized backup strategies in order to expedite data recovery and mitigate the full impact of a cyberattack.

Backup 119

Backup Disaster Recovery Application Security 119

Pure Storage

JULY 12, 2021

To mitigate this, organizations need available recovery points to get back up and running quickly. Authorities say paying the ransom can indicate vulnerabilities, making you an easy target. We saw what happened when Colonial Pipeline was down: massive supply chain disruptions that sent shock waves across the nation.

Backup 53

Backup Outage Authentication Architecture 53

Reciprocity

DECEMBER 19, 2022

More broadly, a corporate compliance program reinforces a company’s commitment to mitigating fraud and misconduct at a sophisticated level, aligning those efforts with the company’s strategic, operational, and financial goals. Importance of a Corporate Compliance Program. Take appropriate action.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

Plan B Consulting

MARCH 14, 2014

If a computer or hard drive is lost or stolen, for example, the value of it (which is what your insurer is interested in) may be £400. In any case, says Charlie Maclean-Bristol of business continuity consultants, PlanB Consulting, “Not all risk mitigation measures needs be expensive.

Disaster Recovery 52

Disaster Recovery Vulnerability Impact Analysis Backup 52