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Treat Your IT Risk Assessment as More Than a Checkbox Exercise

Audit Board

With cybercrime on the rise, the average cost of a data breach in the United States is $9.44M according to the 2022 IBM Cost of a Data Breach report , and it’s predicted that the global annual cost of cybercrime will reach $8 trillion in 2023. IT Risk Assessment Key Benefits . IT Risk Assessment Best Practices.

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IT Risk Assessment Fundamentals and Best Practices

Audit Board

IT risk assessments can be a great way to gain insight into your organization’s IT environment, risks, and controls. Not only do IT risk assessments provide a comprehensive view of an organization’s security risk posture, but they also offer insights into the identification and prioritization of evolving threats.

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Conducting Cybersecurity Risk Assessments Guide: The Complete Introduction

Audit Board

This is often by design, as the intent is to encourage organizations to build a risk management program that is unique to the type of business being conducted and the type(s) of data being processed. It includes: A process flow for building and manage a cybersecurity risk management program. .

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

This past month, ASA joined forces with Equipment Leasing Finance Association (ELFA) where I moderated the webinar: “ASA- Why it Makes a Difference” alongside 3 expert panelists of our own, Paul Cogley, ASA , William Engel, ASA and Michael Salvador, ASA. ASA’s CEO letter to members and friends.

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A Comprehensive Look at the NIST Cybersecurity Framework

Audit Board

The Cybersecurity Framework was developed to incorporate industry best practices, along with methods, processes, and standards that would allow the framework to be implemented in any type of business or organization. Each of these organizations plays a role in the shifting tectonics of security, compliance, and risk.

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Top Takeaways From Risk in Focus 2024: North America

Audit Board

Since 2016, the European Confederation of Institutes of Internal Auditing’s (ECIIA’s) annual Risk in Focus report has sought to help Chief Audit Executives (CAEs) understand how their peers view today’s risk landscape as they prepare their forthcoming audit plans for the year ahead.

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Risk Management 101: Process, Examples, Strategies

Audit Board

Many approaches to risk management focus on risk reduction, but it’s important to remember that risk management practices can also be applied to opportunities, assisting the organization with determining if that possibility is right for it. What Are Risks? Nevertheless, we choose to take on those risks, and may benefit from doing so.