Effective third-party risk management is essential for organizations to safeguard their operations, reputation, and compliance with regulations. Many businesses rely on a range of vendors, contractors, and suppliers to meet their operational needs, making it crucial to manage these relationships effectively. By establishing robust third-party risk
As we approach 2025, the entrepreneurial landscape is increasingly defined by the pivotal role of risk. Entrepreneurs are learning to leverage risks not merely as potential threats but as instruments for driving growth and innovation. Insights from notable figures like Rob Moore, Dr. David Hillson, and Mariam Crichton highlight the importance of
When a data breach occurs, it not only compromises personal information but also shatters the trust between individuals and an organization. Datamaxx Applied Technologies, Inc. recently faced such a scenario when over 61,000 individuals were affected by a data breach. The company notified the Attorney General of Maine on November 25, 2024, about
Physicians’ Primary Care of Southwest Florida (PPCSF) faced a challenging situation when they announced a significant data breach on November 14, 2024, which exposed sensitive information belonging to patients and employees. The breach was formally reported to the U.S. Department of Health and Human Services Office for Civil Rights. PPCSF first
The Digital Operational Resilience Act (DORA), an EU regulation aimed at bolstering defenses against digital threats in the financial sector, poses significant challenges for financial institutions. Covering over 22,000 financial entities and their ICT service providers, DORA sets stringent standards for managing, responding to, and recovering
The recent statement by MI6 Chief Richard Moore has underscored an unprecedented instability in global security, described as the most precarious in 40 years. Addressing the British embassy in Paris with his French counterpart, Moore highlighted the dangers posed by Russia's aggressive tactics, particularly its significant sabotage campaign aimed