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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

Technology has evolved rapidly in the past 20 years. Metaphorically speaking, technology is the backbone of our digital world. . Technology and data service providers (TSPs) have become critical contributors in the successful operations of every organization. Supply Chain Ecosystem.

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6 Signs Your Business Needs a vCIO

NexusTek

READ TIME: 4 MIN June 6, 2023 6 Signs Your Business Needs a vCIO In today’s business world, where technology and business strategy are inextricably linked, a Chief Information Officer (CIO) is an indispensable member of most large companies’ leadership teams. You think you might be paying too much for technology across multiple vendors.

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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. This role could be an in-house team, outsourced, or hybrid. If outsourced or hybrid, a designated employee should act as a liaison. Information Technology (IT).

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Understanding the Importance of Choosing the Right Managed Services for Your Digital Transformation

BMC

If your company is on a digital transformation journey with a specific focus on everything as a service (XaaS), then you should also be investing in managed services to maximize the value of your investment in new technology.

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Understanding the Importance of Choosing the Right Managed Services for Your Digital Transformation

BMC

If your company is on a digital transformation journey with a specific focus on everything as a service (XaaS), then you should also be investing in managed services to maximize the value of your investment in new technology.

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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. Ongoing costs of $250,000 to $400,000 a month for upgraded technology and employee education to reduce the risk and impact of future attacks. Increased insurance premiums (or possible cancellation). There are shareholder lawsuits the business must defend.