Technological innovations have unlocked a world of possibilities in the 21st century, and now, many common and tedious tasks can be quickly done online. Whether you’re collaborating on business processes, renewing your license or ordering groceries – the internet provides a streamlined avenue for consumers and organizations. An interesting side-effect is the reduced tolerance for manual, complicated or inefficient processes. Sadly, one of those tedious processes is conducting risk assessments.

With the new year upon us, now is the ideal time to re-evaluate your cybersecurity controls and your cybersecurity risk remediation strategy. Do you have a plan for cybersecurity risk remediation? Has this plan outlined who needs to be involved? How are you being notified of risks? Is there a process in place to identify and prioritize the riskiest threats for rapid remediation? This year, plan ahead for evolving cybersecurity threats and follow these five tips for crafting a risk remediation plan.

Though very helpful in representing the efficacy of a service provider’s third-party risk management program, SOC reports aren’t always available. Some service providers either don’t have the budget for a SOC report or are unwilling to undergo the laborious process of an SSAE-18 audit. While a lack of a SOC report should raise alarm bells during the due diligence process, it shouldn’t necessarily result in the disqualification of a prospective vendor.

Network security monitoring tools are a critical component of any IT security toolkit. These tools help protect your network from online threats by looking for weaknesses and potential dangers in your organization's digital properties. But as digital ecosystems have expanded into the cloud, remote locations, and across geographies – the number of monitoring tools has skyrocketed.

Cyber insurance is the fastest-growing sector of the world’s insurance markets. But, a recent increase in ransomware attacks and business email compromises has led to a sharp uptick in claims, resulting in significant losses for cyber insurers and increased premiums. Cyber insurance customers need a way to increase their cyber resilience, reduce premiums, and improve their cyber postures.

Risk mitigation – that is, taking steps to reduce the exposure your organization has to risks you’ve identified – is crucial to any organization. The question is how to mitigate your risks, because organizations can employ any number of strategies to do so. Some of those strategies might be excellent fits with your business model; others, less so. This article will explore 10 proven risk mitigation strategies to help organizations effectively manage and minimize risk exposure.

Organizations rely on dozens or hundreds of third-party vendors every day to provide strategic services. Due to the increased reliance on outsourcing, the need to automatically and continuously monitor and manage vendors is not an option—it’s a business imperative. As the frequency and severity of third-party data breaches continue to escalate, your organization must remain vigilant so it can effectively protect its network and data from cyberattacks.

Cybersecurity is a top risk for corporate directors to understand and navigate. The implications of cyber events for a company are many and growing: instantly damaged reputations that erode years of credibility and trust with customers and investors, impaired profitability from customer attrition and increased operating costs, lost intellectual property, fines and litigation, and harm to a company’s people and culture.

The following list offers three effective strategies for keeping your board informed of the business’s third-party risk exposure and the efficacy of its Third-Party Risk Management program.

ISO 9000 and ISO 9001 are terms that are often used interchangeably when discussing quality management at an organization, but they actually refer to separate things. While both are related to quality assurance and ISO certification, they have distinct differences in their fundamentals and approach.