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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 70
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Record Retention Policy for Businesses: A Strategic Guide to Compliance and Efficiency

Armstrong Archives

Everything from tax documents to employee files to bank statements must be kept on file, often for years at a time. Whether it’s maintaining regulatory compliance or simply making tax season easier, an effective record retention strategy is paramount. Each category will have different legal and operational retention requirements.

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What Is Integrated Risk Management? Definition & Implementation

eSecurity Planet

For example, a clothing brand might select a business objective such as to develop unique and appealing designs. In the examples above, the clothing brand will use traditional and computer-aided design prototyping and marketing research. All risk management strategies strive to use threats to business processes to determine risk.

Risk 64
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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.

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Chronicle of a Records Manager: Controlling the Chaos of Disaster Response and Recovery

ARMA International

These undertakings require planning, communication, documentation, and collaboration to be successful. The category four hurricane inundated the city with wind and rain. The plan was to meet the insurance coordinator at the Howard Avenue office at 8:30 a.m. The insurance coordinator proposed stabilizing in place.

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What Is Encryption? Definition, How it Works, & Examples

eSecurity Planet

This guide will provide a high level overview of encryption and how it fits into IT through the following topics: How Encryption Works To understand how encryption works, we need to understand how it fits into the broader realm of cryptology, how it processes data, common categories, top algorithms, and how encryption fits into IT security.

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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.