FAQ

What is Risk Mitigation?

Risk mitigation is the process a business undertakes to reduce its exposure to the various risks it might face. Obviously businesses face many risks, some of which can cause severe disruptio ...
January 10, 2023
FAQ

What is Third-Party Risk Management?

Third-party risk management (TPRM), also known as "vendor risk management," manages risks introduced to your business by your organization's vendors, suppliers, contractors, and service prov ...
January 5, 2023
FAQ

What is the SOC 2 Common Criteria List?

Protecting privacy and security is foundational for all organizations that process, store, or transmit customer data and personal information. The System and Organization Controls for Ser ...
January 5, 2023
FAQ

What is Operational Risk Management?

Every business faces situations or fundamental changes in its condition that might pose varying levels of risk, ranging from minor inconveniences to a crisis that could put the company's ent ...
December 20, 2022
FAQ

What is Compliance Risk Management?

Compliance risk management is the process of identifying, assessing, and monitoring the risks to your enterprise's compliance with regulations and industry standards. This includes all the i ...
December 20, 2022
FAQ

What Is a SOC 2 Audit?

A System and Organization Controls for Service Organizations 2 (SOC 2) audit assesses how well a service provider's internal controls and practices safeguard customer data's privacy and secu ...
December 19, 2022
FAQ

What is a Risk Assessment?

A risk assessment is the process a company undertakes to catalog the potential threats to its business. In the same way a person might check the air pressure in a car's tires every season, c ...
December 13, 2022
FAQ

What is Supply Chain Risk Management?

Supply Chain Risk Management (SCRM) is the process of identifying, assessing, and mitigating the risks of an organization's supply chain. Implementing global supply chain risk management str ...
December 7, 2022
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