Risk identification is the first step in risk assessment and a critical part of the risk management process.
Vendor Risk Management (VRM) focuses on managing and planning for third party risk.
A high-risk vendor is a vendor that an organization depends on to run its operations.
The important difference between risk appetite vs. risk tolerance.
Controls are typically policies and procedures to prevent problems and protect the assets of an organization.
Cloud service providers must also ensure that their cloud services comply with their customers’ standards.
Inherent Risk is particularly common in accounts with complex financial instruments.
Security risk assessments are important not just for cybersecurity but also for regulatory compliance.
CCPA enhances privacy rights and consumer protection for California residents.
Gives a company a better understanding of its network environment and provides data on any cybersecurity flaws.
HIPAA and FERPA are both federal laws designed to protect the privacy and security of individuals.
Risk management in manufacturing refers to the unique challenges that the manufacturing industry faces.