Blog
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What Is an Audit Trail and What Purpose Does it Serve?
Audits are independent assessments of the security of sensitive data and computer systems or a company’s financial reporting. Audits can be time-consuming and often feel peripheral to most people’s daily workload – but they are crucial exercises. Hence, it’s essential to establish an audit management process. In addition, audit procedures are methods that auditors use to obtain sufficient […]
Tags: Audit Management
September 5, 2024
Due Care vs Due Diligence: What Is the Difference?
Understanding the nuances between “due care” and “due diligence” is essential for effective risk management, especially in the complex domain of cybersecurity. While both terms are pivotal in establishing a robust security posture for risk mitigation, they differ significantly in their application and focus. In everyday life, these concepts relate to the general precautions and measures we take […]
Tags: Audit Management
September 3, 2024
How to Build a Risk Register for Your Business
Every successful risk management program works by identifying, analyzing, prioritizing, and mitigating risks. In most enterprises this process is repeated at regular intervals so that organizations can generate data each time about the threats to business operations, the risk those threats pose, and the steps necessary to reduce risk. That is an enormous amount of data a […]
Tags: Risk Management
August 30, 2024
Common Risk Management Strategies: Risk Avoidance vs. Risk Reduction
Risk is a fact of life for every enterprise. It refers to the possibility that an unexpected event may cause unexpected results. These results are usually undesirable and often harmful. To prevent such harm, it’s crucial to manage and control risk so that it remains at acceptable levels. This is where enterprise risk management (ERM) […]
Tags: Risk Management
Risk Appetite Statement Examples
It might seem strange to refer to a component of your cyber risk management plan as an “appetite” – but defining your organization’s appetite for risk is indeed part of risk management, and an important one. Put simply, risk appetite is the level of risk your organization will accept in your business proceedings, and what […]
Tags: Risk Management
5 Steps to Performing a Cybersecurity Risk Assessment
There’s no such thing as one-size-fits-all cybersecurity. Every organization faces a unique set of security risks and needs to take its unique approach to cybersecurity risk assessment. Unfortunately, however, cybersecurity risk assessments aren’t easy to undertake, and getting started can be the most challenging part of your risk management strategy. To help, we’ll take you through the […]
Tags: Cybersecurity
Audit Log Best Practices For Information Security
Audit logs are essential for ensuring the security of an organization’s information systems. They track all events that occur within a system, including log-on attempts, file access, network connection, and other crucial operations. But, without proper management, audit logs are mostly a wasted opportunity – nothing more than scraps of data whose importance and potential […]
Tags: Audit Management
Positive Risk vs. Negative Risk in Enterprise Risk Management
Businesses face risk all the time – and that’s OK. Even though the word “risk” typically has negative connotations, the term can actually represent many situations, not all of them unfavorable. ISO 31000 states that risk is the “effect of uncertainty on objectives.” That actually means risk can come in two types: positive and negative. […]
Tags: Risk Management
9 Common Types of Security Incidents and How to Handle Them
Cybersecurity is one of the top concerns for organizations. In recent years, and that’s not going to change any time soon – unless, if anything, cybersecurity becomes the top concern. So what can an organization do about the rise in cybersecurity incidents? In this article we’ll take a closer look at security incidents: what they are, the […]
Tags: Risk Management
What are the Principles of Information Security?
Information security is the effort companies undertake to protect their enterprise data information from security breaches. Without information security, an organization is vulnerable to phishing, malware, viruses, ransomware, and other attacks that may result in the theft, tampering, or deletion of confidential information. The average cost of a single incident can run $4.45 million. In addition […]
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