A third-party risk management policy is a formal document that outlines how an organization identifies, assesses, mitigates, and monitors the risks associated with third-party vendors, suppliers, and service providers. This policy provides a structured framework for managing the potential risks that arise from relying on external entities to perform critical functions or handle sensitive data. …
Ever wondered how organizations keep their governance, risk management, and compliance (GRC) game strong? That’s where GRC metrics come into play! These handy tools help evaluate how well an organization is managing its governance, risk, and compliance efforts. Let’s dive into what makes GRC metrics tick and why they’re a big deal. Understanding GRC Metrics …
The world of US data privacy is a bit like a patchwork quilt—vivid, intricate, and sometimes a little confusing. Unlike the European Union’s General Data Protection Regulation (GDPR), which offers a more streamlined approach to data protection, the data privacy legislation in the US is a bit more eclectic. It’s a mix of federal and …
GxP compliance is a set of strict regulations that ensure the safety, quality, and efficacy of products in the life sciences industry, particularly those related to pharmaceuticals, medical devices, and food. The “G” stands for “Good,” and “xP” represents various practices, such as “Manufacturing Practice” (GMP), “Laboratory Practice” (GLP), and “Clinical Practice” (GCP). These guidelines …
Procurement Compliance refers to the adherence to laws, regulations, standards, and internal policies governing the procurement process. It ensures that all procurement activities are conducted ethically, transparently, and in alignment with organizational goals and legal requirements. Effective procurement compliance helps organizations mitigate risks, avoid legal penalties, and promote fair competition. Procurement compliance encompasses several key …
IT Governance (ITG) refers to the frameworks, policies, and processes that ensure the effective and efficient use of Information Technology (IT) in enabling an organization to achieve its goals. ITG focuses on aligning IT strategy with business strategy, ensuring that IT investments support the overall business objectives, and managing IT-related risks and resources responsibly. By …
Shift Left Security is a methodology that emphasizes integrating security measures early in the software development lifecycle (SDLC). By “shifting left,” security practices are introduced at the initial stages of development, rather than being applied later in the process or even post-deployment. This approach contrasts with traditional security models where security assessments and fixes are …
The Cloud Controls Matrix (CCM) is a cybersecurity framework developed by the Cloud Security Alliance (CSA). It provides a detailed and comprehensive set of security controls designed to help cloud service providers and customers assess the risk associated with cloud computing environments. The CCM is a critical tool for ensuring cloud security, offering a structured …
A Business Continuity Policy is a documented set of guidelines and procedures that a company implements to ensure it can continue operating during and after a disruptive event. This policy is designed to help an organization prepare for, respond to, and recover from unexpected incidents that could impact its normal set of operations, such as …
Processing integrity relates specifically to the reliability of information processing and the assurance that system operations are accurate, timely, and authorized. In essence, processing integrity ensures that data processing is complete, valid, and maintained in a trustworthy manner throughout its lifecycle within an organization’s systems. SOC 2 Processing Integrity SOC 2 (Service Organization Control 2) …
Policy Administration Policy administration is the process of creating, managing, and enforcing policies within an organization or system. It involves defining rules, guidelines, and procedures that establish various aspects of operations, security, compliance, and behavior in an organization. Policy administration ensures that these policies are effectively communicated, implemented, and updated to align with the organization …
Vulnerability-Based Risk Assessment (VBRA) is a structured methodology used to evaluate and prioritize risks within an organization or system by focusing on identifying vulnerabilities that could potentially be exploited. This approach helps with providing a comprehensive and broad understanding of security weaknesses and their potential impact on operations, allowing organizations to effectively allocate their resources for …
