article thumbnail

How to Conduct a Risk Assessment for Your Disaster Recovery Playbook

VISTA InfoSec

Risk management is at the heart of any effective disaster recovery (DR) plan or playbook. No business is immune to disruptions, whether from natural disasters, cyberattacks, or technical failures. Risk assessments, in particular, serve as a roadmap for navigating potential disruptions.

article thumbnail

How to Conduct a Risk Assessment for Your Disaster Recovery Playbook

VISTA InfoSec

Risk management is at the heart of any effective disaster recovery (DR) plan or playbook. No business is immune to disruptions, whether from natural disasters, cyberattacks, or technical failures. Risk assessments, in particular, serve as a roadmap for navigating potential disruptions.

article thumbnail

HIPAA Disaster Recovery Planning

VISTA InfoSec

However, ePHI is vulnerable to threats like cyber attacks and natural disasters, making disaster recovery planning (DRP) vital. Healthcare organizations must implement HIPAA-compliant DRPs to protect ePHI, ensuring continued operation during disasters. Why Is Disaster Planning Important for Healthcare Organizations?

article thumbnail

6 Benefits of AI Insurance Claims Processing

Nanonets

Risk Assessment and Compliance Prediction: AI can assist in proactively identifying potential compliance risks by analyzing historical data and patterns. It proactively identifies potential threats through automated risk assessments, allowing for preventive measures.

AI 102
article thumbnail

New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Covered financial institutions now face heightened expectations in relation to cybersecurity governance, risk assessment, and incident reporting. Requirements related to business continuity and disaster recovery have also been included for the first time.

article thumbnail

Understanding Risk Management Strategies as a PayFac

Stax

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

article thumbnail

FCA Authorisations: How are things changing? Are things improving?

Neopay

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.