Top Benefits of Enterprise Risk Management (ERM)
With 70% of organizations operating from the cloud and statistics validating that no industry is immune to security risks, ERM has become a must-have for enterprises, if not essential. Enterprise risk management forms the crux of a scaling business as it is directly connected to organizational goals. It integrates all kinds of risks faced by…
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Sep 13, 2024
Risk Monitoring: From Reactive To Proactive
TL,DR: Risk monitoring is the ongoing surveillance of a business’s entire risk management system to track threats, evaluate control effectiveness, and support risk-based decision-making NIST defines risk monitoring as maintaining ongoing awareness of an organization’s risk environment, risk management program, and associated activities to support risk decisions Three types of risk monitoring exist: voluntary (proactive,…
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Sep 12, 2024
8 Data Governance Challenges That Can Derail Your Business Success
TL,DR: The 8 critical data governance challenges for SaaS companies are: data silos, third-party risks, poor data quality, lack of data literacy, resource constraints, regulatory complexity, inadequate data classification, and insufficient access controls An HBR survey reveals that 84% of executives experience the negative impact of data silos, which create isolated data sets that are…
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Sep 12, 2024
11 Most Common Security Vulnerabilities & Tips To Manage Them [2026]
TL,DR: A security vulnerability is a flaw or weakness in a system, application, or network that attackers can exploit to compromise the confidentiality, integrity, or availability of data The most common vulnerabilities include source code flaws, broken access control (ranked #1 by OWASP), SQL injection, cross-site scripting, exposed sensitive data, security misconfigurations, and insider threats…
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Sep 12, 2024
The 5 Tests Of Controls To Verify Cybersecurity Measures
An audit contains various steps like planning and preparation, selecting a focus area, creating a checklist, informing various teams, and so on. However, it cannot take place without the tests of controls. In fact, both SOC 1 and SOC 2 audits require testing relevant controls to ensure compliance validity. Hence, let’s understand what are the…
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Sep 04, 2024
ISO 27001 For SaaS Businesses: A Starter’s Guide
ISO 27001 is a well-established and recognized cybersecurity certification. It provides companies (and SaaS businesses) comprehensive guidelines on creating, implementing, and improving their Information Security Management System (ISMS). For SaaS businesses that have a majority of their data on the cloud, the standard is more than a certification that gets them in the room. It’s…
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Aug 22, 2024
