Internal Audit 360

JULY 20, 2022

GUEST BLOG: O ne of the challenges when it comes to so-called “cybersecurity risk” is in accepting and then applying the idea that cyber is not an “IT risk.” So, what is the potential effect of a breach on the achievement of the enterprise’s objectives? It’s a business risk. That is easy to say, and it makes all the sense in the world.

Compliance 98

Compliance Start-ups Technology 98

Audit Board

MARCH 15, 2022

Contract Compliance Risk. The document generally dictates what level of audit interaction you can have with the vendor and their performance metrics. What backup plans are in place for critical vendors? What plans are in place to manage labor shortages? Reputational Risk. Cybersecurity Risk. Quality Risk. Reputation.

Compliance 98

Compliance Start-ups 98

Audit Board

AUGUST 8, 2023

Types of Risk Categories: There are many different types of risk categories, including: strategic, financial, operational, compliance, security, reputational, and external risks, to name a few. Strategic Planning, Objectives, and Goal Setting Strategic planning, objectives, and goal setting is another component of ERM.

Compliance 52

Compliance Start-ups Technology Marketability 52

Audit Board

MARCH 22, 2023

Gain Executive Understanding by Breaking Down Knowledge Silos Executive support is essential to the success of any program — and a key ingredient in gaining executive support is to make sure they understand what you are trying to tell them. What is this risk? What are we doing or going to do to manage it — or exploit it?

Compliance 52

Compliance Treasury Technology Finance 52

Audit Board

AUGUST 1, 2023

In addition to these threats, other ways to identify risks include: Ask “What Could Go Wrong?” - This seems like a simple approach, but it’s actually one of the fundamental questions in risk management. According to a 2022 IBM report , the average cost of a data breach in the US is $9.44 This can have significant costs for organizations.

Technology 52

Technology Start-ups Compliance Marketability 52

Audit Board

JULY 25, 2022

What Is Cyber Liability Insurance? What Is Cyber Liability Insurance? . Different data types bring different exposures and compliance requirements. Compliance frameworks like NIST CSF, ISO 27001, and CIS controls offer guidelines and best practices on how to effectively manage security around sensitive and confidential data. .

Compliance 52

Compliance Technology Finance 52

Audit Board

JANUARY 12, 2023

This Cybersecurity Risk Assessment Guide provides specific guidance on how organizations may choose to build a cybersecurity risk management program that will ensure compliance with commonly-used cybersecurity frameworks. What Are the Principles of Cybersecurity Risk Management? Identifying Cybersecurity Risks.

Compliance 97

Compliance Start-ups Asset-based Approach Specific Risk 97

Audit Board

SEPTEMBER 14, 2023

An effective vendor risk management process allows companies to identify risks associated with third-party vendors, understand the impact of third-parties on the organization, meet compliance and regulatory requirements like GDPR and HIPAA that require VRM controls, and foster mutually beneficial vendor relationships. What is Vendor Risk?

Compliance 52

Compliance Start-ups Accounting Firms Technology 52

Audit Board

OCTOBER 3, 2023

For one, if your organization has an IT risk management or InfoSec function, it is likely already taking steps to comply with security frameworks like ISO 27005 , PCI DSS , NIST SP 800-53 , COBIT 5 , or OCTAVE. A common misconception about risk quantification is that it requires starting from scratch.

Technology 52

Technology Compliance 52

Audit Board

AUGUST 16, 2023

With this evolution, standards organizations around the world, like the US’s National Institute of Standards and Technology (NIST) and the International Standards Organization (ISO) have developed and released their own best practice frameworks and guidance for businesses to apply to their risk management plan. What Are Risks?

Start-ups 52

Start-ups Compliance Technology Specific Risk 52

Audit Board

NOVEMBER 1, 2023

When completed in a methodical and well-scoped manner, IT risk assessments can be an extremely valuable tool for many stakeholders across the organization, including enterprise risk, audit, compliance, and security departments. What is IT Risk Management? What is an IT Risk Assessment?

Compliance 52

Compliance Technology Dividends Start-ups 52

Audit Board

SEPTEMBER 6, 2023

What are the enhancements that companies should implement for improved data security and system and information integrity? What are the enhancements that companies should implement for improved data security and system and information integrity? Where does the NIST CSF fit among other security standards, like ISO 27001?

Compliance 52

Compliance Start-ups Technology 52

Audit Board

JUNE 8, 2023

Compliance audits are a broad topic that can affect many organizations across different parts of an organization. There can be different kinds of compliance audits being performed at any given point in time, and at first glance the world of compliance is full of opacity and acronyms. What Is a Compliance Audit?

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

Audit Board

OCTOBER 2, 2023

Information security and compliance operate in silos at some organizations, but greater collaboration between the functions reduces security risk and boosts compliance. Information Security leaders ask: How do I make sure compliance is not just a check-the-box exercise? This was originally published by ISACA in August 2023.

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Compliance Technology Finance 59

Audit Board

JUNE 15, 2023

In the field of cybersecurity, risk management, and compliance, there are a collection of acronyms that you’ll hear often enough. Each of these organizations plays a role in the shifting tectonics of security, compliance, and risk. This article will discuss NIST in detail, focusing on the NIST Cybersecurity Framework , or NIST CSF.

Technology 52

Technology Compliance Start-ups Finance 52

Audit Board

OCTOBER 6, 2022

Are you looking to stand up or mature your SOC 2 compliance program? Definitions, resources, and examples for the key steps in the SOC 2 process : scoping and framework application, framework execution, internal and external assessments against the framework, and maintaining ongoing compliance. . What Is the SOC 2 Framework?

Compliance 52

Compliance Start-ups 52

Audit Board

FEBRUARY 2, 2023

Compliance needs are mission critical in 2023. As Forbes reported a few months ago, compliance is a top business priority. Companies that don’t take data privacy and other compliance laws into account face significant fines and potential damage to their reputation and bottom line.

Compliance 52

Compliance Technology Marketability 52

Audit Board

AUGUST 2, 2023

Organizations face multiple challenges regarding their IT Risk and Compliance (ITRC) programs. Compliance , audit, and risk teams aren’t seamlessly communicating due to operational silos that lead to decentralized data and disaggregated reporting, making data-driven decisions impossible. Download the guide here.

Compliance 52

Compliance Technology Banking Marketability 52

Audit Board

OCTOBER 5, 2022

As technology advances and cybersecurity grows in importance, compliance requirements continue to increase. Legacy approaches to compliance — asking system admins for point-in-time screenshots multiple times a year — have become inefficient and outdated. Building a Data-Driven Compliance Program: Key Fundamentals.

Compliance 52

Compliance Start-ups Technology 52

Audit Board

JUNE 1, 2023

Organizations today are facing increased compliance pressures in a complex regulatory environment that continues to expand. Lean on your auditors and compliance professionals when undertaking this process to optimize interdepartmental communication and understanding. Pick a robust IT framework and perform a control self-assessment.

Compliance 52

Compliance Start-ups Technology 52

Audit Board

NOVEMBER 8, 2022

In our Spotlight on Success series, MDA’s Scott Page (Director, Internal Audit), Melissa Cass (Director, Business Operations), and Uriah McCann (Director, Cybersecurity) share their gains in efficiency, visibility, and collaboration from centralizing audit, risk, and compliance activities and documentation in AuditBoard’s connected risk platform.

Compliance 52

Compliance Technology 52

Audit Board

MARCH 15, 2023

In our time on the Product team at AuditBoard, we’ve worked with customers who have very diverse audit, risk, and compliance programs, but they all have something in common: every single one has an ecosystem of applications that work together in some form for the organization to manage risk. What Is an Integration?

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Compliance Start-ups Enterprise Value 52