The First Step in Vendor Compliance Management: Risk Assessments

by Sarah Harvey / June 13, 2023

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…

Been Breached? How to Report Consumer Risk with a Risk Assessment

by Benjamin Wright / April 12, 2023

 Using a Risk Assessment to Report Consumer Risk Because there are so many different laws that regulate how and when an organization must give notice if it has had a data security breach, understanding what the correct plan of action is for your organization or determining how to report consumer risk from breaches might be daunting. Nevertheless, the laws do have one major commonality: does the consumer suffer a…

Common Gaps in Vendor Compliance Management

by Sarah Harvey / June 13, 2023

Effective Vendor Risk Management An effective risk management strategy includes a strategic process for assessing and monitoring vendor compliance. Some vendors go to great lengths to secure their services and processes, but others may leave you with consequences to pay. Vendors need to prove what they are doing to reduce risk to you and your customers. You’re putting a great deal of control into the vendors' hands, so managing vendor…

12 Risks You Need to Know to Secure Your Cloud Environment

by Sarah Harvey / April 12, 2023

Advancements in cloud technology have completely changed the way organizations use, store, process, and share data, applications, and software. Cloud environments tend to be more cost-efficient and time-efficient…so why wouldn’t you put your data in the cloud? Because so many organizations are putting so much sensitive data into cloud environments, they have inevitably become targets for malicious attackers. New security vulnerabilities are consistently being discovered and, in a vicious cycle,…

What is a Risk Assessment? – Learn The 5 Steps to a Risk Assessment

by Joseph Kirkpatrick / April 12, 2023

What is the Purpose of a Risk Assessment? Most information security frameworks require a formally documented, annual risk assessment. You will see this requirement over and over again in your pursuit of SOC 1, SOC 2, PCI DSS, HIPAA, or HITRUST CSF compliance. But what exactly is a risk assessment and why is it so important to information security frameworks? Let's find out. What is a Risk Assessment? A risk…