Remove Mitigation Remove Outsourcing Remove Risk Management Remove Vulnerability
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The Pros and Cons of Outsourced Vs In-House IT Disaster Recovery

Erwood Group

The Pros and Cons of Outsourced vs In-House IT Disaster Recovery The Pros and Cons of Outsourced vs In-House IT Disaster Recovery In today’s fast-paced digital business age, IT disaster recovery is a critical component of any business continuity plan and proper business resilience planning.

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Cybersecurity Tips: Risk and Vulnerability Management

Security Industry Association

Managing cybersecurity risks and vulnerabilities is a critical activity for any robust security program. Risk management and vulnerability management are performed in tandem to help keep your network safer and more secure. What Is Security Risk Management? What Is a Vulnerability?

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. However, the evidence was inconclusive so their strategy continued unchanged.

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3 Ways to Drive Value within Your Third-Party Risk Management Program and Beyond

Fusion Risk Management

It’s common that many businesses outsource aspects of their operations, but in doing so, they are responsible for ensuring the security posture of those external entities – which is operationally complex, to say the least. This was the objective of our latest innovations to Fusion’s third-party risk management solution.

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Four steps to build a more transparent and resilient supply chain through risk management

IBM Business Resiliency

With leaner supply chain management techniques and approaches like outsourcing, offshoring, just-in-time inventory and vendor managed inventory, disruption has worldwide consequences. Teams with mature supply chain risk management strategies adapted to disruption and continued to delight customers.

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How to Offload Your Risk to a Third Party

MHA Consulting

Risk transference is one of the four main strategies organizations can use to mitigate risk. Try a Dose of Risk Management Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold. 2) Is the vendor resilient?

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How to Conduct Better Third-Party Risk Assessments

Risk Management Monitor

Because much of this is done through outsourcing of systems and services to third parties, many enterprises have dramatically increased the scale and complexity of their risk surface. It is also important to take action on the vulnerabilities these critical vendors produce and gain visibility into how to remediate these issues.