Cyberattacks against businesses of all sizes are at all-time highs. Data from 2021 and projections for the future of cybersecurity suggest that the frequency and intensity of these attacks will only continue to grow. At the forefront of most cyberattacks in 2020 was ransomware, a type of malicious malware attack where attackers encrypt your organization’s data and demand payment in exchange for a decryption key to restore access.
An audit universe is a document that details all the audit activities to be carried out by the internal audit function. It consists of multiple and distinct auditable entities, processes, and activities, which can be considered “auditable units.” The number of these auditable units varies depending on the organization’s size, business complexity, and operational scale. In some cases they can run into the hundreds or even thousands.
Regulations have long existed to govern how organizations collect and use information online, as well as what cybersecurity precautions organizations should take while conducting business online. As digital transformation of business processes has accelerated in the last few years, however, that means ever more organizations — large and small — must comply with all those regulations.
The Health Insurance Portability and Accountability Act (HIPAA) was enacted by Congress in 1996 to prevent medical fraud and to assure the security of protected health information (PHI), such as names, Social Security numbers, medical records, financial information, electronic health transactions and code sets. The law is managed by the U.S. Department of Health & Human Services (HHS).
A network vulnerability assessment is the reviewing and analyzing of an organization’s network infrastructure to find cybersecurity vulnerabilities and network security loopholes. The assessment can be carried out either manually or by using vulnerability analysis software — although the latter is preferred because it’s less susceptible to human error and usually delivers more accurate results.
Security compliance management is the process of monitoring and assessing systems, devices, and networks to ensure they comply with regulatory requirements, as well as industry and local cybersecurity standards. Staying on top of compliance isn’t always easy, especially for highly regulated industries and sectors. Regulations and standards change often, as do threats and vulnerabilities. Organizations often have to respond quickly to remain in compliance.
“We are honored to have our ZenGRC platform recognized with four G2 Fall 2021 Grid Report badges: Leader, Momentum Leader, Mid Market Leader, and Users Love Us,” said Jenny Victor, Vice President of Marketing at Reciprocity.
Companies list governance, risk, and compliance (GRC) as a top priority, but “doing GRC” isn’t easy. It takes time, effort and a strategy – and starting is usually the hardest part. So, in the first of our Back to Basics blogs, we’re going to focus on where every compliance and risk practitioner should start when building a GRC program: selecting the compliance frameworks which will form the foundation of your GRC program…
Every day, organizations around the world use due diligence questionnaires (DDQs) to evaluate potential business partnerships and gain a better understanding of the way various third-party vendors conduct day-to-day operations. These questionnaires help organizations investigate potential business ventures or partnerships to confirm they are making a good investment before entering into an agreement with a third-party.
