Information Policy News

Cyber Law and Cybercrimes

3 mins 2 mths

Robotic Process Automation (RPA) is increasingly being integrated into cyber risk management to enhance the efficiency, accuracy, and scalability of security operations.

RPA uses software robots to automate repetitive and rule-based tasks, allowing cybersecurity teams to focus on more complex and strategic responsibilities. In the context of cyber risk management, RPA helps to streamline processes like threat detection, incident response, compliance monitoring, and vulnerability management. One of […]

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2 mins 2 mths

Data classification and information protection are critical components of risk management, ensuring that sensitive information is handled appropriately and safeguarded from unauthorized access.

These processes help organizations identify the varying levels of sensitivity within their data and apply suitable protection measures to mitigate risks associated with data breaches, regulatory non-compliance, or operational disruptions. Data classification involves categorizing data based on its level of sensitivity, impact, and confidentiality requirements. […]

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Dynamic risk assessment is an ongoing process that evaluates potential hazards in real-time, adapting to changing conditions and environments. 

3 mins 4 mths

Unlike static risk assessments, which are conducted at a specific point in time and based on known variables, dynamic risk assessments are fluid and responsive, allowing for the continuous identification and management of risks as situations evolve. This approach is particularly valuable in high-risk industries […]

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4 mins 4 mths

Cyber resilience is increasingly becoming a cornerstone of third-party risk management

Cyber resilience is increasingly becoming a cornerstone of third-party risk management, as organizations recognize the vulnerabilities introduced by their extended networks of suppliers, partners, and service providers. In today’s interconnected digital landscape, businesses rely heavily on third parties for a wide range of services, from […]

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2 mins 4 mths

Human risk management involves identifying, assessing, and mitigating risks associated with human behavior in an organization.

It is crucial because human errors, intentional or not, can lead to significant financial and reputational losses. There are several types of human risk management, each addressing different aspects of human behavior. Operational Risk Management: Focuses on minimizing risks associated with day-to-day operations. This includes […]

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3 mins 4 mths

ID verification and authentication are critical components in Anti-Money Laundering (AML) risk management.

These processes are essential for establishing the true identity of individuals or entities engaging in financial transactions, thereby preventing illegal activities such as money laundering, terrorism financing, and fraud. ID Verification involves the process of confirming that the information provided by a customer matches their […]

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3 mins 4 mths

Risk acceptance is a strategy in risk management where an organization or individual acknowledges the existence of a risk but chooses not to take any active measures to mitigate, transfer, or avoid it. 

This strategy is often employed when the cost of mitigating the risk is higher than the potential loss if the risk materializes, or when the risk is considered to be minor or unlikely to occur. Below are some examples of situations where risk acceptance might […]

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5 mins 4 mths

Proactive Geopolitical Risk Management: Key Strategies for Global Resilience

In an increasingly interconnected world, geopolitical risk has emerged as a critical concern for businesses, governments, and international organizations. The complex interplay of political, economic, and social forces across borders can significantly impact operations, investments, and long-term strategies. To navigate this volatile environment, proactive geopolitical […]

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2 mins 4 mths

Data quality monitoring is a critical aspect of managing data assets, ensuring that the information used within an organization is accurate, reliable, and fit for purpose.

It involves continuous assessment and validation of data against predefined standards, identifying discrepancies, and taking corrective actions to maintain data integrity. At its core, data quality monitoring revolves around several key dimensions: accuracy, completeness, consistency, timeliness, and relevance. Accuracy ensures that the data reflects real-world […]

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2 mins 4 mths

Money laundering in cryptocurrency poses significant challenges in cyber risk management, as digital currencies offer anonymity, speed, and global reach, making them attractive for illicit activities.

The decentralized nature of cryptocurrencies, such as Bitcoin, complicates efforts to trace and regulate financial transactions, creating vulnerabilities that cybercriminals exploit. One primary concern is the use of cryptocurrency exchanges to convert illicitly obtained funds into legitimate assets. These exchanges, often lacking robust Know Your […]

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5 mins 4 mths

Infrastructure security is a critical component of cyber risk management

Infrastructure security is a critical component of cyber risk management, especially as organizations increasingly rely on complex digital systems to conduct their operations. The infrastructure of an organization encompasses its entire range of technological assets, including networks, servers, databases, and even physical hardware. Ensuring the […]

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