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What Are Risk Assessment Methodologies?
Risk is inescapable. However careful your company might be, it cannot experience growth without accepting a certain amount of risk. The key to a successful risk management program is to prepare for risk as thoroughly and efficiently as possible. This includes regular risk assessments to understand which risks should be prioritized and how best to […]
December 13, 2021
Emerging Risk Management Trends You Need to Know
With every passing day, businesses become more entwined in an ecosystem of partners, vendors, and suppliers in global markets. A local natural disaster, for example, can have far-reaching consequences throughout a global supply chain; so controlling, recognizing, and mitigating risks is critical to a company’s business continuity and financial stability. A risk management process involves […]
The Risks Associated with Shadow IT
Shadow IT refers to the set of technology (IT) apps, tools, devices, and services used within a company without the approval of the IT department. Shadow IT resources are commonly used to facilitate communication, storage, or management of company information. Shadow IT used to be simple tricks in past years, such as Excel macros to […]
SOC for Cybersecurity vs. SOC 2: What’s the Difference?
2021 has been a challenging year for cybersecurity. The shift to remote work models, and to digital tools that automate and streamline processes, brought a rise in cyberattacks worldwide — especially phishing and ransomware attacks, as seen with recent attacks on healthcare facilities and other essential services companies. Cyberattacks are not new, but technology has […]
How Strong Are Your Business Internal Controls?
Internal controls are essential for the proper operation of any corporate organization. By implementing effective internal controls, you can boost operational execution, assure regulatory compliance, and enhance reliable accurate financial reporting. In contrast, the lack of internal controls or poor implementation can result in compliance failures, sloppy reporting, operational inefficiency, and ultimately a lack of […]
What is a Project Management Risk Owner & Their Responsibilities?
Even the most carefully planned projects still entail a certain amount of risk. Since project risk is inevitable, a project manager must do everything he or she can to anticipate events that could derail the progress of the project at hand. Risk awareness and mitigation should be integrated into the framework of your project to […]
Why Key Risk Indicators Are Important for Risk Management
Key risk indicators are important for every business. And while “KRIs” vary from one industry to the next — for example, what’s important for agribusiness is different from what’s important for pharmaceutical firms — no matter what the KRIs look like, they’re all instrumental for managing operational risk. Think of a key risk indicator as […]
December 3, 2021
Reactive vs. Proactive Cyber Security Measures
With the sharp increase in remote working worldwide, companies have endured a proliferation of cybersecurity risks — and, consequently, increased their spending to protect stakeholders. One factor that influences the level of corporate cybersecurity, and your effectiveness in mitigating cybersecurity threats, is the proper deployment of reactive and proactive cybersecurity measures. Cybersecurity measures are the […]
Most Common Types of Network Security Attacks
The modern enterprise network is a complex, highly connected ecosystem of hardware, software, services, communication protocols, virtual resources, and people; who all work together to support business operations. IT networks are now the backbones of organizations everywhere, so cyberattacks aimed at breaking down network security are a huge threat for companies and stakeholders. Unfortunately, network […]
More SEC Talk on Cyber, Internal Control
This article first appeared on radicalcompliance.com November 19th, 2021 Before this particular bit of news sails downstream, internal control professionals might want to note that an SEC commissioner spoke this week about the importance of internal controls for cybersecurity. She raised a few points worth considering. The remarks came from Caroline Crenshaw, a Democratic appointee […]
December 1, 2021
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