The 5 Components of Risk Management

by KirkpatrickPrice / March 15th, 2021

Every business must contend with risks, some chosen deliberately and others an inherent part of the environment in which the business operates. Founding a business, launching products onto the market, employing people, collecting data, building systems—these are all essential to growing a successful business. They are also all sources of risk.  But a business doesn’t thrive for long if it fails to balance risk-taking with risk mitigation. That’s the role…

4 Ways to Minimize Risk in IoT Devices

by Sarah Harvey / September 26th, 2019

Internet of Things (IoT) technology makes daily tasks easier. From smart home devices to entire smart cities, these interconnected devices are changing the way we interact, do business, and live our lives. But with any new technology implementation, there are risks involved, and this especially rings true for IoT. Because the demand for IoT devices is projected to rapidly increase -- Gartner predicts that the number of IoT devices in…

Who Owns the Risk?

by Sarah Harvey / June 11th, 2019

We find that managed service providers (MSPs) are often reluctant to take responsibility for the risks that they pose to clients. Their clients, though, may assume an MSP does take hold of a particular risk – and here lies the problem. When this type of miscommunication occurs, it leaves major gaps in organizations’ security posture. So…who owns the risk? Shifting the Risk When an organization engages with one or more…

Risk Assessment Checklist – 5 Steps You Need to Know

by Sarah Harvey / November 20th, 2018

What is a Risk Assessment? A risk assessment is a process by which an organization analyzes vulnerabilities, potential threats and risks to the organization's security posture and IT systems. Performing a risk assessment is a critical component of any Information Security program. Because it’s mandated by several frameworks (SOC 1, SOC 2, PCI DSS, ISO 27001, HIPAA, FISMA), organizations wanting to comply with these frameworks must conduct risk assessments on…

The First Step in Vendor Compliance Management: Risk Assessments

by Sarah Harvey / August 21st, 2018

If your organization utilizes a third-party vendor to conduct part of your business process – whether that be billing, customer service, data processing, etc. – the risks associated with that partnership could ultimately put you out of business. Because of this, establishing a formal risk assessment process allows organizations to do their due diligence and lays the foundation for effective vendor compliance management. But how can it be done? You…