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How to Offload Your Risk to a Third Party

MHA Consulting

There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity. The Promise and Pitfalls of Insurance Insurance is the most frequently used and easiest method of risk transference.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

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. Ability to Procure Cyber Insurance.

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6 Signs Your Business Needs a vCIO

NexusTek

A popular alternative is a virtual CIO (vCIO), an outsourced resource of expertise, strategic planning, and leadership who works on a part-time or as-needed basis. Budgeting for IT is about more than just dollars; it’s about identifying tech spending priorities that support your business’ strategic goals and security.

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How to Create a Data Breach Response Team

Pure Storage

A key part of preparing for a security event is ensuring you have the people and the technology you need to help you recover as quickly as possible. The expertise of a legal counsel on your emergency response team is invaluable during a security event. This role could be an in-house team, outsourced, or hybrid.

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5 Ways to Minimize the Cost of a Ransomware Attack 

Pure Storage

There are outsourced IT and cybersecurity that may need to be deployed. Increased insurance premiums (or possible cancellation). Adopt tiered security architectures. Confirm what your cyber insurance covers—and what it doesn’t. There are the extra people-hours that must be devoted to reassuring customers.

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Business Continuity Planning for Small & Medium-Sized Organizations

Stratogrid Advisory

non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.) A false sense of security Many of the small and medium-sized organizations are outsourcing some or all of the internal Information Technology infrastructure and applications to third-party organizations (e.g.

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Business Continuity Planning for Small & Medium-Sized Organizations

Stratogrid Advisory

non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.) A false sense of security. Many of the small and medium-sized organizations are outsourcing some or all of the internal Information Technology infrastructure and applications to third-party organizations (e.g.