Remove Analysis Remove Document Remove Insurance Remove Strategy
article thumbnail

How to build a successful risk mitigation strategy

IBM Big Data Hub

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 73
article thumbnail

How to write a disaster recovery plan

IT Governance

Along with business continuity planning , it’s an essential strategy for managing the ever-increasing risk of disruption. Disaster recovery is effectively a form of insurance; you are spending money preparing for a scenario that you hope never occurs. Perform a risk assessment and business impact analysis. Collect data.

Insurance 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

article thumbnail

Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. Annuity Suitability Working Group Drafting FAQ Document to Facilitate Uniformity in State Adoption of Revised Suitability in Annuity Transactions Model Regulation.

article thumbnail

Staying Ahead of the Curve: 6 Top Legal Tech Trends to Watch in 2023

ARMA International

While we are still a far cry from AI lawyers replacing human lawyers, AI could revolutionize the legal industry by automating mundane tasks such as legal research, document review, and contract analysis. Implementing a comprehensive security and data governance strategy is critical to safeguard information and sensitive data.

article thumbnail

The Cost of Non-Compliance: Financial Implications of Inadequate Legal Holds

Gimmal

When litigation is imminent or ongoing, a legal hold serves as a formal notification to retain all documents, electronic data, and other evidence that may pertain to the case. The cost of such outcomes can be staggering, not just in terms of immediate financial payouts but also in long-term reputation damage and increased insurance premiums.

article thumbnail

What Is a Firewall Policy? Steps, Examples & Free Template

eSecurity Planet

They provide a foundation for recognizing possible security issues and aiding forensic analysis. While this strategy provides thorough control, it needs rigorous maintenance for effective and comprehensive security posture. This documentation is useful for audits, troubleshooting, and future policy updates.