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Enterprise Risk Management (ERM) Fundamentals

Audit Board

Over time, and around the turn of the century, risk practices took center stage along with increased focus on internal controls and a proliferation of risk management frameworks (RMFs). Other frameworks have varying components, though they follow similar themes. What Are the Different ERM Frameworks?

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8 Keys to Success When Performing Gap and Readiness Assessments

Audit Board

A lightweight gap assessment helps a business estimate how much effort it will take to comply with a framework or requirement. . A readiness assessment is a full analysis of the business environment, performed after the business has made the commitment to comply with a framework. Selecting a Robust Baseline Framework .

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Effectively Managing Risk Across Your Organization: 3 Key Strategies

Audit Board

Integrating Governance Frameworks Organizations have to monitor and comply with many frameworks. Within an IT function alone, there are laws and regulations to follow and standards like NIST, SOC, ISO, SOX, PCI, COBIT, and others that all require simultaneous compliance.

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Essentials of IT Risk Management: Protect Your Organization from Cyber Threats

Audit Board

Organizations may want to invest in an integrated risk management solution to streamline risk processes and include even more valuable data in their risk analysis. Frameworks and professional associations can help here too. This is required by some compliance frameworks and is a solid best practice.

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Using a Framework to Guide an IT Security Review

Audit Board

In such an environment, utilizing an IT framework can make all the difference by providing a guiding structure and support. Getting Familiar With Frameworks The Oxford English Dictionary Online defines a framework as “a basic structure underlying a system, concept, or text.” of Defense requirements on contractors.

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Common Automation Governance Pitfalls and How to Avoid Them

Audit Board

The increasing accessibility of no-code and low-code automation solutions means business users are often leading the way in implementing automations. This approach brings significant risk, including lack of cross-solution or -function interoperability, inability to scale, and heightened security, quality, and compliance issues.