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3 Ways Sourcing Professionals Can Proactively Address Risk

Sarah Holliman

A supplier information management portal, for example, can be a “ central source of truth ” for third party relationships and provide all stakeholders with critical information. Consider the General Data Protection Regulation (GDPR) or blockchain technologies.

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Cloud Migration Role in Digital Transformation: The Strategic Roadmap

Amzur

Risk Management Objective: Identify potential risks and develop mitigation strategies. Action Steps: Conduct a risk assessment to identify potential challenges and vulnerabilities. Develop a risk management plan, including rapid vulnerability detection, data encryption, backup solutions, and disaster recovery protocols.

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How Platform Modernization Can Boost Claims Processing Speed by 95%

3Pillar Global

Compliance and risk management Platform modernization enables organizations to maintain compliance with evolving healthcare regulations, guidelines, and security standards.

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Cybersecurity trends in 2023 and beyond

The Scalers

However, they’ve also introduced new vulnerabilities — increasing the risk of malicious use. It’s crucial to ensure that these technologies are properly implemented and regulated to avoid ethical and privacy concerns. For example, new systems can instantly identify threats to help organisations respond in real-time.