Blog
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The Relationship Between Internal Controls and Internal Audits
Any modern organization looking to navigate today’s risk environment successfully needs both strong internal controls and ongoing internal audits. There can, however, be confusion between these two terms. This guide aims to eliminate that confusion by explaining the meaning and importance of internal controls and internal audits. It unpacks the differences between them and explores […]
Tags: COSO
October 7, 2024
Best Practices for Payroll Internal Controls
Payroll is a crucial business process in any organization because it assures that employees are compensated in full and in a timely manner. Employees assume they will receive their paychecks without delays or errors; it’s a basic expectation. Conversely, payroll delays and errors erode employee morale and productivity — and even lead to enforcement from […]
Tags: Compliance
The Aftermath: Steps to Recovering from a Malware Attack
Malware (shorthand for “malicious software”) is any intrusive software that can infiltrate your computer systems to damage or destroy them or to steal data from them. The most common types of malware attacks include viruses, worms, Trojans, and ransomware. Malware attacks are pervasive, and can be devastating to an unprepared business. Preparing for such attacks also means accepting […]
Tags: Cybersecurity
How to Monitor Your Risk Management Plan
As ever more business operations rely on software systems and online platforms, the range of cybersecurity risks they face become ever more complex. A strong risk management process can help, enabling organizations to detect potential threats, gauge the potential disruption, and implement mitigation plans to minimize the risk of harm. That said, merely implementing a risk management plan is […]
Tags: Risk Management
Third-Party Due Diligence Best Practices
No matter your industry, business relationships with third-party vendors are the most significant risk to your information landscape. Increasingly, companies are adding more Software-as-a-Service (SaaS) vendors to streamline business processes. However, vendor due diligence becomes more complicated as you add new services. What is Third-Party Due Diligence? Third-party due diligence is the process of vetting […]
Tags: Compliance
The Key Differences between FedRAMP A-TO & P-ATO
The Federal Risk and Authorization Management Program (FedRAMP) helps U.S. federal agencies assess cloud service providers’ security more efficiently. It aims to protect government data and information systems and promote the adoption of secure cloud products and services by federal agencies. FedRAMP standardizes security requirements and authorizations for SaaS, PaaS, and IaaS cloud services per […]
Tags: FedRAMP
How to Prevent Third-Party Vendor Data Breaches
Third-party data breaches can happen at any time to any organization. This type of breach occurs when a vendor (or some other business partner) holding your company’s data suffers a breach, and your data is exposed. According to the Verizon 2022 Data Breach Investigations Report, 62 percent of all data breaches happen via third-party vendors. Even worse, IBM […]
Tags: Cybersecurity
How to Avoid the Common Risks of Implementing New Software
The first computer software program was released and executed in 1948 at the University of Manchester: a math program that computed the greatest divisor of 2 to the 18th power. It took 52 minutes to calculate the answer. Software has come a long way since then. It powers the digital economy; organizations in every industry […]
Tags: Compliance, Risk Management
October 1, 2024
Top Risks Faced by Oil and Gas Companies
Risk management programs must be tailored to a company’s specific risks, and often those risks correlate to whatever industry that company is in. Oil & gas companies are particularly challenged because they are a critical infrastructure sector with little room for error and they operate in complex environments, which means plenty of risks that demand […]
Tags: Oil & Gas, Risk Management
How to Leverage AI to Streamline GRC Compliance: The Future of Automated Auditing
In the ever-evolving landscape of Governance, Risk, and Compliance (GRC), staying ahead of the curve is no longer just an advantage—it’s a necessity. As organizations grapple with an increasingly complex regulatory environment, the integration of Artificial Intelligence (AI) into GRC processes is emerging as a game-changing solution. This blog post explores how AI can revolutionize […]
Tags: GRC
September 27, 2024
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