Remove blog-container
article thumbnail

How to stay on the right side of the latest SEC cybersecurity disclosure rules for a data breach

IBM Services

In July 2023, the Securities and Exchange Commission (SEC) voted to adopt new cybersecurity rules and requirements for all market entities to address risks. Among the passed regulations were updated requirements for Form 8-K reporting as well as new guidance for Form 10-K Amendments. million, representing a 15.3% increase from 2020.

article thumbnail

Applying cyber resilience to DORA solutions

IBM Business Partners

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Notably, DORA also applies to some entities typically excluded from financial regulations.

professionals

Sign Up for our Newsletter

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

article thumbnail

How to build a successful risk mitigation strategy

IBM Services

While plans will vary by necessity, here are five key steps to building a successful risk mitigation strategy: Step 1: Identify The first step in any risk mitigation plan is risk identification. Bring in stakeholders from all aspects of the business to provide input and have a project management team in place.

article thumbnail

Data security: Why a proactive stance is best

IBM Business Partners

An example of the importance of data privacy is in the healthcare industry, where it’s critical to protect confidential patient information for patient trust and comply with regulations. Ensuring that permissions are removed when no longer needed lessens the security risk. Manage third-party-related risks.

article thumbnail

Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Planergy Software

In this blog post, we’ll discuss the basics of a corporate travel program, why it’s important, and how to implement one successfully. Businesses can ensure that employees comply with internal and external regulations by centralizing the travel booking process and establishing clear procedures.

Finance 52
article thumbnail

Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

Vendor analysis is crucial for risk management. That’s why vendor analysis is essential to any successful procurement process – it helps ensure that companies procure from reliable suppliers at competitive prices while adhering to applicable regulations. What is a Vendor Analysis Report?

article thumbnail

How To Improve Contract Management And Why Is It Important?

Obobo

That’s why it’s important for companies to take measures to improve contract management processes. Through proper contract management, organizations can reduce legal costs, increase their bottom line, ensure compliance with regulations and industry standards, and even strengthen customer relationships. Document with specificity.”