A risk management information system (RMIS) allows you to automate many of the difficult to organize tasks involved in compiling, storing, and communicating risk information.
Tag Archive: grc tool
At first glance, project management and enterprise risk management have few similarities. Project management focuses on creating something new while enterprise risk management focuses on ending an existing threat. In reality, the two parallel one another which is why both can use agile processes to create stronger, more efficiently obtained outcomes. What is Risk Management on Projects What is Project Management? Project management incorporates the varied activities to bring projects from the idea stage through to finalized development. These activities include the project or phase initiation, timetable creation, information distribution, change and adjustment observation, and data compilation at project completion. What Skills Does a Project Manager Need? Since the project manager implements the strategies, the individual must possess both strong…
Enterprise Risk Management (ERM) programs require building a program around your organization's strengths similar to a creating a strong deck for a tabletop game.
Enterprise risk management involves reviewing internal and external risks to your organization and determining your tolerance and controls.
Security and compliance are the Wonder Twins of information security, needing each other for their powers to activate and protect you from threats.
Categorized in: Benefits of Automation, Information Security Compliance
Choosing a governance risk and compliance tool is like Mad-Eye Moody choosing a 360-degree eye. To become a GRC Auror you need constant vigilance!
Audit management software and project management software do similar things, but just like a Ferrari and a Bugatti, they serve different purposes.
Third party risk management is like hosting a party - and your automation system is the equivalent of using a web based platform for invitations.
In 2016, Deloitte published its white paper on the hidden cost of cyberattacks. The firm reported that of the fourteen “impact factors,” some are obvious while others are less so. Cyberattacks are not simply single moments in time. Their life cycles can take months or years to come to an end. The incident response lifecycle starts with the reactive phase of incident triage and occurs in the days or weeks following an attack’s discovery. This means contacting those impacted and getting the business back online. The second step, impact management, involves finding ways to fix any problems that led to the breach, or to adjust internal processes. Finally, the business recovery phase includes rebuilding or redesigning assets to help rebuild…