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Riskmanagement leaders in Europe and worldwide are already being impacted by the war in Ukraine and the sanctions imposed on Russian and Belarusian actors. Forrester analysts provide their guidance in this post.
Organizations are increasingly relying on third parties for various functions to cut costs and leverage external expertise, which can introduce significant security risks. Read on, or get in touch if you have specific queries on this topic.
Cloud-based computing will provide tangible benefits for banking riskmanagement functions, but risk leaders face significant challenges migrating their systems and activities from on-premises to the cloud.
Navigate stop-loss trends and optimize riskmanagement strategies to mitigate high-cost claims. Prioritize preventative care to reduce healthcare costs and enhance employee wellbeing. Understand the impact and opportunities associated with weight-loss medications in employer-sponsored pharmacy benefits.
Sharing sensitive data with outsourcing providers in today’s interconnected digital world has increased organizations’ vulnerability to cyberattacks, making it more important than ever to have an effective supplier cyber riskmanagement strategy. Not having a formal supplier cyber riskmanagement strategy can cause compliance issues.
We are witnessing a sea-change in the way data is managed by banks and financial institutions all over the world. Though this seems to be at a stage where some more push is required in terms of adoption in the riskmanagement function. The ever-changing nature of financial riskmanagement (“What did they change now?”)
I am very excited to be covering vulnerability riskmanagement (VRM) at Forrester, including threat modeling and management and penetration testing. What Topics Will You Be Covering at Forrester?
Costly and disruptive, nonfinancial risks are an ever-present concern in the financial services industry. A defined risk appetite strategy can mitigate the problem.
Forrester already released a blog on responding to Log4j, but beyond the immediate (and mid-term) response issues, there are some longer term riskmanagement and community considerations – specifically open source support, maintenance, and risk. The fact of the […].
These platforms are revolutionizing IT procurement by providing a seamless way for organizations to discover, purchase, deploy, and manage software, Software as a Service (SaaS) solution, and related services. They also provide tools to track and manage these purchases, offering complete visibility into spending.
Managing, monitoring, and mitigating that risk has become incredibly challenging in today’s interwoven digital universe. Our speakers will answer the following questions: Why is third-party riskmanagement more challenging today than just a few years ago? Vice President. Everest Group. Abhishek Singh. Everest Group.
A unique process and service library is supporting operational riskmanagement across the industry. New technologies and business models are transforming the way financial institutions operate.
LIVE WEBINAR The Future of Supplier Management: How Technology Can Be Your Competitive Advantage June 1, 2023 | 9 a.m. IST Traditionally, most organizations have managed their suppliers through spreadsheets and outdated processes. Which activities can be impacted by technology under supplier lifecycle management? CDT | 10 a.m.
Tasks handled by a third party are referred to as “managed IT services,” typically in the context of business information technology services. A managed service provider (MSP) is a business that offers the above-mentioned services. A managed service provider (MSP) is a business that offers the above-mentioned services.
Are you clueless about how to manage foreign currency? Register immediately: [link]. We'll answer the following questions: Are your sales denominated in foreign currency? Are you purchasing anything abroad in foreign currency? We've got your back! At least wegg® does when it comes to their next wegginar®.
Top Managed Detection and Response (MDR) Services The rise in enterprise touchpoints in the form of IoT, SaaS, and cloud have added to the woes of CISOs by significantly increasing the attack surface. Cyber Insurance Market: Carriers Navigating through a Changing Risk Landscape. Our Thinking. Learn More. Learn More.
First, they should develop a comprehensive compliance framework to manage AI risks, ensure adherence to the Act, and implement risk mitigation strategies. Next, they need to take inventory of existing AI assets like models, tools, and systems, classifying each into the four risk categories outlined by the Act.
Optimizing and aligning CLM with processes like sourcing and riskmanagement is critical to the successful operation of businesses of all sizes. Selecting the right CLM partner can unlock substantial benefits – from reduced cycle times to improved riskmanagement – ultimately strengthening their competitive position.”
The bot management market has matured considerably over the past few years. With the release of The Forrester Wave: Bot Management, Q2 2022, we see a market that […].
In both the European Union and globally, the new supervisory expectations for credit spread risk in the banking book pose a clear challenge for bank treasury and risk functions.
Microsoft recently announced Defender Vulnerability Management is available in a 120 day public preview as as a standalone, EDR-agnostic option. Defender for Endpoint Plan 2 customers have the option to purchase new add-on capabilities, while Defender for Endpoint Plan 1 customers will need to purchase the full standalone version.
IST Managing supplier risk has become more critical than ever. The increasing complexity of global supply chains and the need for greater transparency and compliance have now made it essential for organizations to adopt advanced supplier riskmanagement tools to mitigate threats. PT | 10 a.m. CDT | 11 a.m. EDT | 4 p.m.
As software-related vulnerabilities continue to grow, companies must manage their software cyber risks to innovate faster and create safer, more secure digital products.
A fragmented regulatory environment and the rapid transition to digital commerce have spurred several enterprise fraud management (EFM) trends in Asia Pacific (APAC). Forrester sees that: Digital commerce drives promotion fraud.
Organizations rely on the vulnerability management process to head off these cyberthreats before they strike. The vulnerability management process is a continuous process for discovering, prioritizing, and resolving security vulnerabilities across an organization’s IT infrastructure.
Unlike customer-facing functions, however, the software that powers the creation, execution, and management of these commercial obligations hasn’t made the shift toward digital … until now!
In the race to build new businesses, decision makers often overlook riskmanagement and cybersecurity. We have identified six misconceptions that executives often bring to the table.
Last year, we reached out to product management decision-makers to learn more […] As part of Forrester’s research into securing what you sell, we have long advocated for security leaders to overlay their own activities with the rest of the product team and to engage in the product lifecycle before the product has even been defined.
DORA framework DORA establishes a comprehensive framework for managing digital operational resilience across the financial sector. DORA focuses on five strategic pillars centered around data: riskmanagement, third-party riskmanagement, incident reporting, information sharing, and digital operational resilience testing.
However, over or under-spending and improper cloud management can quickly evaporate cloud adoption benefits. You don’t need significant upfront investment, making it easier to manage cash flow. Reduced Maintenance : Cloud providers manage and maintain the infrastructure, freeing up your internal IT resources.
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In the rapidly evolving digital landscape of the 21st century, Information Technology Service Management (ITSM) has emerged as a critical component in various sectors, especially in education. This blog post delves into the significance of ITSM in enhancing IT support for students and faculty in educational institutions.
The External Attack Surface Management Landscape, Q1 2023 is now available! Forrester clients can view the report to dive deeper into the benefits of EASM and key functionalities to assess when selecting an EASM vendor.
Streamlining Nonprofit Financial Management To streamline financial management for your nonprofit, start by standardizing financial policies to guarantee consistency and transparency. This uniformity guarantees that all financial management processes are coherent and reliable, which is essential for maintaining financial stability.
My recent report How To Strengthen Vulnerability RiskManagement with Remediation Prioritization details what security teams should consider for their […].
Cyber insurance is only one component of a bigger enterprise cybersecurity riskmanagement program. However, the cyber insurance market has been on a roller coaster, with skyrocketing premiums, changes in coverage, and a demand for policies that outweighs available supply.
At some point in every organizations’ security journey, the problem of asset management inevitably comes up. As more organizations chart their zero trust course, the asset management problem comes up a lot more as you cannot mediate what you do not know. […]
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However, with the right approach and strategy for product recall management, companies can address challenges and turn them into growth opportunities. Outsourcing recall management could be a smart, strategic move for modern businesses, as they can gain access to experts equipped with advanced systems and compliance knowledge.
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