Risk Management


Emerging Risks Facing the Financial Services Industry in 2019

Since financial services industry collects, stores, and transmits sensitive non-public informationinformatino, malicious actors continue to target it. As the financial services industry embraces digital transformation, it opens itself up to new risks. Cloud infrastructures act as a primary target, leading to new risks arising from the new technologies. Emerging risks facing the financial services industry require continuous monitoring to retain a robust cybersecurity posture.


What are Internal Control Weaknesses?

A control weakness is a failure in the implementation or effectiveness of internal controls. Malicious actors leverage internal control weakness to circumvent even the most robust security measures. The wide range of internal controls, the increased number of new technologies, and the rate at which malware evolves necessitate data security control monitoring. Regularly monitoring allows organizations to test the effectiveness of their internal controls and expose weaknesses in their implementation.


Risk Mitigation Strategies

It is rightly said that “Prevention Is Better Than Cure.” This maxim can also be applied in information technology in terms of IT risks. Risk mitigation is a process whereby an enterprise takes some proactive measures or use some strategies to mitigate or eliminate risks altogether in order to prevent or reduce damage to the organization. The following sections gain an insight into some popular risk mitigation strategies organizations are looking for in 2019.


The Main Elements of a Security Risk Analysis Report

No organization has complete protection against today’s sophisticated and fast cyber-threats. To maximize the security posture of your enterprise, you need to evaluate the risks in an effective manner, in addition to the various other security measures. The report in which you describe all the risks – coined as “Security Risk Analysis Report” – has utmost importance for the effectiveness of the overall Risk Management Program.


Why Cyber Security is Key to Enterprise Risk Management for all Organizations

Large organizations have always focused on managing risk, but the technological breakthroughs that have enhanced our world in countless ways have also transformed how leading executives engage in enterprise risk management (ERM). The pervasive and ever-expanding threat of cyber crime means that comprehensive strategies for cyber security are now absolutely essential for all organizations.


5 Steps of Enterprise Risk Mitigation

Like deck building tabletop games, enterprise risk management (ERM) frameworks offer different strategies for determining risk and how to mitigate those risks. Just as building a Pokemon The Card Game deck requires reviewing not only your Pokemon’s strengths and weaknesses but ways to support them during battle, so do your risk mitigation strategies focus on your organization’s strengths and weaknesses so that you can determine how to create supporting controls that protect your information.


UpGuard's new navigation: CyberRisk is evolving

UpGuard CyberRisk enables organizations to control and monitor third-party vendor risk in real-time and improve their security posture. Since we launched CyberRisk, our team has been speaking to users and evolved the platform into two new modules, BreachSight and VendorRisk. Combined with a redesigned user experience, UpGuard is easier to use than ever.