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What Is Integrated Risk Management? Definition & Implementation

eSecurity Planet

Integrated risk management (IRM) is a discipline designed to embed risk considerations for the use of technology throughout an organization. In other words, it links technology spending directly to the value of the resource protected and the associated risks controlled by that technology.

Risk 65
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First American Financial Pays Farcical $500K Fine

Krebs on Security

NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. If you bought or sold a property in the last two decades or so, chances are decent that you also gave loads of personal and financial documents to First American.

Insurance 281
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How to build a successful risk mitigation strategy

IBM Big Data Hub

.” This same sentiment can be true when it comes to a successful risk mitigation plan. 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.

Risk 70
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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147
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Cybersecurity: Managing Risks With Third Party Companies

Cyber Info Veritas

This is according to a recent survey conducted by Soha Systems, and according to one of the speeches delivered by the Superintendent of the New York State Department of Financial Services, Mr. Benjamin Lawsky, “ A company’s cybersecurity is only as strong as the cybersecurity of its third-party vendors ”.

Risk 40
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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. The changes are effective December 31, 2021.

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How to Develop an Incident Response Plan

eSecurity Planet

We make IT, security, or any business decision by weighing the risks and the rewards. For cybersecurity personnel, our scope of responsibility may be limited to cyberattacks on IT systems, such as ransomware attacks, phishing attacks, and DDoS attacks. Document the incident response process as a plan. Document contingencies.

Insurance 124